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They will be forced to suspend cryptocurrency mining to avoid major power outages – Cryptoactives

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They will be forced to suspend cryptocurrency mining to avoid major power outages - Cryptoactives

Cryptocurrencies continue to put pressure on Iran’s electricity bill. For the second time this year, the country’s authorities have ordered the suspension of digital currency mining in order to reduce the load on power plants and prevent power outages, which have recently become frequent in some regions. This was announced by the director of the state-owned company Iran Grid Management Mostafa Rajabi Mashhadi in an interview with Tehran’s public television.

Iran’s Ministry of Industry and Energy confirmed Bloomberg’s information, according to Mashhadi, this measure is valid until March 6, 2022 and guarantees 209 megawatts of energy for domestic consumption.

Along with this measure, similar to the one introduced earlier this year, the director of Iran Grid Management has ensured that the country will step up the fight against illegal cryptocurrency mining, which represents the largest segment of activity in the country – consuming 600 megawatts of electricity. electricity from Iran.

Since the miners were driven out of China, the United States, Iceland, Norway, Canada and Kazakhstan have become the parent company for the sector, according to the Cambridge Alternative Finance Center, leading to the emergence of some states such as Iceland and the United States. Kazakhstan has introduced measures to restrict this activity.

Despite this spread, the production of cryptocurrencies, in particular bitcoins, continues to grow.

Currently, the bitcoin hashrate, which measures production levels of the world’s most valuable cryptocurrency and is measured between Quilohash and Exahash, has soared to 172 million terahashes per second, the highest since May, according to data released by Blockchain.com.

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“The ban on mining in China has only caused a geographic shift, from what we see [movimento] in relation to other countries, including Canada and the United States, ”commented Jason Zaluski, head of technology at Hut 8 Mining Corp. based in Toronto, who was contacted by Bloomberg.

Bitcoin miners play a critical role in the crypto market because they mint new coins and provide the security of the underlying technology that relies on powerful computers to solve mathematical equations. The higher the hash rate, the more difficult it is to disrupt the crypto network.

Miners are encouraged to turn on as many machines as possible when the price of bitcoin rises, which partly explains the rate at which this indicator is recovering.

According to Sam Doctor, director of strategy at Bitoda, a specialist in digital assets, Bitcoin mining is likely to end at 180 to 190 million terahashes per second in the year. This forecast is accompanied by the assessments of the main “players” of the market.

Marathon Digital, a U.S.-registered miner, predicts it will hit record production levels by the middle of next year after a renewable-energy platform is built in Texas.

Riot Blockchain, another Nasdaq-listed miner, has also raised expectations for more mining next year when a new facility in Colorado kicks off.

Beijing vs. Bitcoin: Fight, No Truce Foreseen

In September, the Central Bank of China (PBC) stepped up pressure on cryptocurrencies by officially declaring that all transactions involving this type of digital asset are illegal and should be banned.

All transactions related to cryptocurrencies, including services provided by foreign exchanges to residents of the territory of China, are now considered illegal financial activities.

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Thus, China has dealt the final blow to cryptocurrencies. After several warnings and statements, the central bank wanted to send a clear message stressing that any transaction involving digital currency would be considered illegal. Advertising activities related to this type of asset are prohibited.

In addition, the Chinese authorities have also announced a ban on any financial support for new cryptocurrency mining projects.

India joins the war?

In the last week of November, India decided to announce the end of the use of cryptocurrencies in the country. In the coming months, the Indian government plans to pass a decree that “prohibits mining and trading” of this type of cryptoasset.

However, chief executive Narendra Modi emphasized, as indicated by the international press, the possibility of “certain exemptions to encourage foreign investment in the country in blockchain technology.”

Similar to what is already happening in China with the digital yuan, in the US with the Hamilton project, which aims to create a digital dollar, and in the European Union with the explored digital euro plan, New Delhi. The decree also intends to launch a virtual currency issued by the central bank.

The announcement came a week after Shaktikanta Das, governor of the Indian central bank, stressed that “the country needs to discuss the issue of cryptocurrencies.”

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Economy

Everything has been delivered. 10 Bugatti Centodieci are already in the hands of the owners

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Everything has been delivered.  10 Bugatti Centodieci are already in the hands of the owners

OAll Bugatti Centodieci have been delivered, the Molsheim-based brand said on Monday. Cristiano Ronaldo received the number 07 in October this year. and Bugatti has now revealed that the latest unit – #10 – is already in the possession of its owner.

“The Centodieci combines all the values ​​of the Bugatti brand in an extraordinary package: rarity, innovation, heritage, craftsmanship and unrivaled performance. The production batch of 10 units was so in demand by our customers that it was sold before the Centodieci. was even officially presented,” said Christophe Piochon, president of Bugatti.

This latest example is finished in Quartz White with carbon fiber trim on the bottom and matte grilles. The brake calipers are painted in Light Blue Sport, as is the logo on the rear that refers to the EB110, the iconic Bugatti model that inspired this Centodieci. Inside, the predominant color is also blue, as you can see in the images above.

This block is powered by the same block as the other nine instances. The 8.0-liter W16 with four turbines is capable of developing 1600 hp. In terms of performance, this allows the Centodieci to hit 100 km/h in just 2.4 seconds and reach a top speed of 380 km/h.

Recall that each unit costs the owners eight million euros before taxes.

Read also: We already know when the Bugatti Centodieci fell into the hands of Ronaldo.

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Economy

The first Dacia hybrid. “The cheapest hybrid family on the market”

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The first Dacia hybrid.  "The cheapest hybrid family on the market"

BUT Dacia revealed this Monday that the hybrid engine has been available since March on the Jogger, the Romanian brand’s model known to be available with a seven-seat variant.

The Jogger Hybrid 140, Dacia’s first hybrid, will hit dealerships in March, but customers can expect and order it as early as January.

The price has been revealed by Dacia and since it’s only available in the seven-seater SL Extreme, it starts at €28,800. The brand claims it is “the most affordable hybrid family car on the market.”

Available in six existing colors to celebrate the launch of this hybrid, there will be a slate gray version, as you can see in the images above.

Equipped with a 1.6 liter four-cylinder petrol engine with 90 hp, the Jogger is also powered by two electric motors (a 50 hp engine and a high-voltage starter-generator). The total power is 140 horsepower. The electric transmission is automatic, four-speed, connected to an internal combustion engine, and two speeds are connected to an electric motor. This combined technology was possible, according to Dacia, only due to the lack of clutch.

Combined with the energy recovery levels of the 1.2kWh (230V) battery pack and the efficiency of the automatic transmission, regenerative braking delivers all-electric traction on 80% of urban journeys and saves up to 40% of fuel compared to a combustion engine vehicle.

Read also: Dual-fuel Dacia Jogger Eco-G. We tried 5 seater and LPG…

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Economy

See how Tesla tests its electric Semi truck in the worst-case scenarios

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Tesla Semi camião elétrico testes

Tesla has finally been able to bring its long-awaited Semi to market. This electric truck promises to revolutionize transportation and bring all the unique characteristics of this type of electric vehicle to this class of vehicles.

Now that the first units have been delivered, there is hope that they will finally be mass-produced and reach more transport companies. With so many promises to be kept, a new video is now emerging showing Tesla testing its Semi truck under worst-case scenarios.


Tesla Semi is already on the market

Like all Tesla electric vehicles, Semi follows the same line of creating a unique design associated with a platform with the most modern technology available. The proof is in what was presented to the public and surprised most people.

To prove the quality of this new proposal, Tesla published in your LinkedIn account new video. In it, he reveals some of the testing he's done to determine the strength and quality of the Semi's design and its (potential) durability.

Tests to prove its durability

It has been revealed that the Tesla electric truck is subjected to numerous tests and its application in the worst scenarios that drivers may face. It doesn't stop at the ruggedness of the Semi's designs, but goes further and focuses on the motors and batteries themselves.

This is the proof that many have been waiting for to ensure that this new proposal is not limited to a lot of autonomy. Its resistance is great and will provide greater durability, further enhancing the Semi's value and performance.

high quality electric truck

Tesla has already showcased the Semi's quality with a video showing its truck driving roughly 500 miles on just one charge. The big news here is that he managed to make this long journey with a maximum load of about 37 tons.

Now Tesla remains to widely place the Semi on the market. At the moment, only a few companies have access to this new product, with a very long list of pending deliveries, who want to start mass-using this electric truck offering.

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