Category: Hydropower

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Heatwave and Debt: Laos Suspends Crypto Mining Operations Amid Rising Power Demands

August 26, 2023

In recent developments, Electricite du Laos (EDL) announced on August 24 that the power company shut down cryptocurrency mining activities. This decision came after this summer’s unprecedented heat surge escalated electricity demands. Furthermore, these mining operations have reportedly been defaulting on their debts. Laos’ Crypto Mining Grinds to a Halt Amid Energy Crisis Situated in…
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Nuclear and gas fastest growing energy sources for Bitcoin mining: Data

September 27, 2022

Some governments can negatively impact Bitcoin’s environmental footprint by banning BTC mining, according to new data from Cambridge. The electricity mix of Bitcoin (BTC) has drastically changed over the past few years, with nuclear energy and natural gas becoming the fastest growing energy sources powering Bitcoin mining, according to new data. The Cambridge Centre for…
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