US EIA Begins Demanding Energy Consumption Information from Miners of Cryptocurrencies

US EIA Begins Demanding Energy Consumption Information from Miners of Cryptocurrencies

Cryptocurrency miners have received letters from the U.S. Energy Department’s statistics arm, the U.S. Energy Information Administration (EIA), requesting information about their mining sites’ layout and energy usage. One of the letters shared on social media states that miners have until February 23 to disclose any information on the activities that took place in January. … Read more

A New Study Shows the Entire Cost of an Attack on Ethereum and Bitcoin

A New Study Shows the Entire Cost of an Attack on Ethereum and Bitcoin

Lucas Nuzzi, Kyle Waters, and Matias Andrade have published a paper on the Social Science Research Network (SSRN) that presents a new method for determining the Total Cost to Attack (TCA) of Ethereum and Bitcoin. The thorough investigation challenges preconceived notions about blockchain vulnerability by illuminating the financial obstacles to 51% attacks. Exposing the Cost … Read more