Sustainable Energy

Russia Bans Crypto Mining in Ten Regions Over Energy Concerns

A six-year ban on cryptocurrency mining, effective January 1, 2024, has been imposed in ten Russian regions due to the industry’s substantial energy consumption. This measure, potentially expanding to other regions during peak demand, reflects Russia’s ongoing struggle to regulate cryptocurrency despite its legalization in November 2023. While cross-border crypto payments remain permitted, the ban underscores the government’s efforts to balance energy needs with the evolving cryptocurrency landscape. Future adjustments to the ban are possible depending on energy demand fluctuations.

World News

China is installing the wind and solar equivalent of five large nuclear power stations per week

China is making massive waves in the energy industry by installing the wind and solar equivalent of five large nuclear power stations per week. I recently witnessed the extent of their efforts while in the Yangtze River delta region, where solar panels covered not just houses or buildings, but the entire roof of a coal-fired power plant. This sheer scale of renewable energy infrastructure development is awe-inspiring and sets a benchmark for investing in sustainable solutions.

The contrast between China’s ambitious approach and the skepticism and inaction prevalent in other parts of the world, like Alberta or the United States, is stark.… Continue reading

John Q. Hosedrinker Jul 18, 2024

Sustainable Energy

Russia Bans Crypto Mining in Ten Regions Over Energy Concerns

China is installing the wind and solar equivalent of five large nuclear power stations per week

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