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      Massive cryptomining rig discovered under Polish court’s floor, stealing power

      news.movim.eu / ArsTechnica · Thursday, 16 November - 21:27

    Massive cryptomining rig discovered under Polish court’s floor, stealing power

    Enlarge (credit: Javier Zayas Photography | Moment )

    Police were called to dismantle a secret cryptomining rig winding throughout the floors and ventilation ducts of a Polish court in September, according to Polish news channel TVN24 .

    Several secured computers were discovered, potentially stealing thousands of Polish Zlotys worth of energy per month (the equivalent of roughly $250 per 1,000 Zlotys.) It's currently unknown how long the rig was running because the illegal operation went undetected, partly because the computers used were connected to the Internet through their own modems rather than through the court's network.

    While no one has been charged yet with any crimes, the court seemingly has suspects. Within two weeks of finding the rig, the court terminated a contract with a company responsible for IT maintenance in the building, TVN24 reported. Before the contract ended, the company fired two employees that it said were responsible for maintenance in the parts of the building where the cryptomine was hidden.

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      Cryptomining boom has people’s energy bills skyrocketing; feds mull new rules

      news.movim.eu / ArsTechnica · Monday, 18 July, 2022 - 22:22 · 1 minute

    Cryptomining boom has people’s energy bills skyrocketing; feds mull new rules

    Enlarge (credit: Andriy Onufriyenko | Moment )

    This is not the summer that Americans want to deal with an unknown number of cryptocurrency firms unexpectedly flooding the power grid. More Americans are already expecting to experience rolling blackouts as the nation's power grid strains against record heat and drought conditions currently spiking energy usage from coast to coast. Now, lawmakers are worried that US cryptocurrency mining operations planning for rapid growth will potentially further destabilize the grid while quietly spiking carbon emissions and driving up utility costs to more and more consumers.

    That's why Senator Elizabeth Warren (D-Mass) joined five other Congress members to submit a letter to the Environmental Protection Agency and Department of Energy , recommending the agencies combine forces to draft new regulations requiring emissions and energy use reporting from all cryptomining operations nationwide. Only then, Warren and others suggest, will we know exactly how many firms are operating in the US, how much energy is being used, how much damage to the environment is being done, and how many communities are being affected.

    The letter provided the EPA and DOE with new information from Congress' investigation into the environmental impacts of "seven of the largest cryptomining operations in the US." It's just a fraction of the whole, but together, these firms plan to increase their total mining capacity by nearly 230 percent, requiring an added electricity consumption than is used to power all the homes in Los Angeles. None of the firms said that it tracks the impacts on consumers connected to power grids, and none of the firms seemed to think they had any reason to fully comply with Congress' request for information.

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      NY passes US-first moratorium on reviving fossil fuel plants to mine crypto

      news.movim.eu / ArsTechnica · Friday, 3 June, 2022 - 20:26

    Digitally generated image of a bitcoin symbol on a glowing circuit board.

    Enlarge (credit: Getty Images | Andriy Onufriyenko)

    New York's state legislature approved a bill that would prevent fossil fuel power plants from being revived to power cryptocurrency mining operations. If signed by Gov. Kathy Hochul, the proposed law would prevent new permits from being issued for two years.

    It's a "first-in-the-nation cryptocurrency mining moratorium bill," advocacy group Earthjustice said today. "While the bill would not cover fossil fuel burning crypto mining operations that have already applied for new or renewed air permits, it would ensure that any future facilities could not receive air permits for two years, while the State Department of Environmental Conservation conducts a thorough study on proof-of-work crypto mining," the group said.

    The bill's prospects looked dim earlier this week but was passed by the state Senate in a 36-27 vote after 12 am on Friday morning. It was previously approved by the Assembly with a 95-52 vote in April.

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