The new law allows miners to consume electricity from the national grid only when there is a surplus, effectively capping the industry’s energy usage. The surplus will be distributed among licensed operators, who will be able to bid for the power. Those miners using renewable energy, imported electricity, or their own energy generation capacity not connected to the grid, will be exempt from this cap.
Related posts
-
Bitcoin mining difficulty drops following historical maximum
As a result of the next recalculation, the difficulty of Bitcoin mining decreased by 0.97%, with... -
Crypto Exec Reveals Why Meme Coins Are The Next ‘Trojan Horse’ For Crypto Adoption
Maartje Bus, Vice President of Research at Messari, a prominent crypto market intelligence company, has declared... -
Bitcoin Miner Bitdeer Seeks $100 Million for Mining Capacity Expansion
Bitcoin miner Bitdeer is reportedly in discussions with private credit firms to secure $100 million in...