Plattsburgh Temporarily Halts Bitcoin Mining As It Raises Electricity Costs

But because of bitcoin mining, it has already exceeded the allotted amount of hydropower in December and January, reported Bloomberg, citing a local newspaper. Some residents have complained that their electricity bills have increased by as much as $ 300, noted the report. The city council said it …
Google Alert – bitcoin

Iceland may use more electricity mining bitcoin than powering homes this year

Iceland will likely use more electricity in the next year to mine bitcoin than it uses to power every single home in the country. Bitcoin mining is booming in Iceland, and energy providers are worried they won't be able to power new mining companies. Iceland's cool weather, cheap energy and super-fast …
Google Alert – bitcoin

Bitcoin price rise could lead to smart home attacks that cause electricity bills to rise, cyber security …

People's homes could come under attack as a consequence of bitcoin's price surge, a cyber security expert has warned. “Cryptojacking” incidents, in which people's devices are quietly hijacked and forced to mine digital currencies for other people, are on the rise. However, it's not just regular computers …
Google Alert – bitcoin