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25 May 2021 Tehran, Iran
Iran Drought: Water Shortages, Energy Chaos, Crypto Miners
Hydro dams at 50 Percent capacity, leading to power outages across the country and prompting authorities to ship water to worst-hit regions. Meanwhile cryptocurrency miners consume massive quantities of electricity amid allegations that the country is using them to circumvent trade sanctions.
21 Jan 2021 EDINBURGH, United Kingdom
The Unexpected, Symbiotic Connection Between Water And Cryptocurrencies
The rapid proliferation of cryptocurrencies in recent years (with Bitcoin the most prominent) is raising environmental concerns, and water resources deployed for hydropower are becoming central to the discourse. Bitcoin may exist purely in the digital world, but the process that supports it is extremely energy intensive...