electricity

crypto mining

China has banned crypto mining in Anhui Province

The Chinese government is continuing its crackdown on crypto mining by suspending operations in yet another province. According to local news agency Hefei Online, authorities in Anhui, a small province in eastern China, have announced a set of measures to address rising electricity demand and a resulting power supply shortage over the next three years. Anhui […]

Chinese police seizes Bitcoin mining machines

Police Seize Thousands Of Bitcoin Mining Machines In China

Chinese bitcoin mining firm has been seized for a spike in local electricity usage. The police have seized around 4,000 bitcoin mining machines from the mining operations. The police allege that the firm has stolen nearly 20 million yuan ($3 million) cost of electricity. The investigators suspect that more than 20 people involved in the mining operation…

Saiterm Launches Blockchain Platform to Cut Electricity Costs and Carbon Emissions

Saiterm Launches Blockchain Platform to Cut Electricity Costs and Carbon Emissions

Saiterm, an Amsterdam-based heating technology firm, has introduced Spring, a blockchain-powered platform to control energy consumption. The company aims to reduce electricity bills utilizing the distributed ledger technology. As reported, the platform will use the company’s infrared heating technology to cut-down the energy consumption and carbon emissions from industrial and domestic usages.