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Bitcoin Consumes 30 Times More Electricity than Tesla Cars

As Bitcoin’s price has soared, so too has the energy consumption to produce it—to the point that Bitcoin mining now guzzles more electricity than all the electric cars in the world. In 2018, Bitcoin’s power demand is set to more than triple, consuming as much energy in a year as the entire nation of Argentina, according to a new report by Morgan Stanley(MS, +1.11%). The bank’s analysts forecast that Bitcoin mining could use up more than 125 terawatt hours of electricity this year, a level electric vehicles globally won’t reach until 2025. Last year, Bitcoin consumed 36 terawatt hours of energy—as much as the country of Qatar, Morgan Stanley estimated in a research note published Wednesday. B

Aqua Metals, Inc. Shareholder Alert: Former SEC Attorney Willie Briscoe Investigates Possible Breach

Published on businesswire.com Former United States Securities and Exchange Commission attorney Willie Briscoe, founder of The Briscoe Law Firm, PLLC, announces that a federal class action lawsuit has been filed against Aqua Metals, Inc. (“Aqua Metals” or “Company”) (NasdaqCM: AQMS) and several officers and directors for acts taken during the period of February 9, 2017 and November 9, 2017 (the “Class Period”). Based upon the allegations in the class action, the firm is investigating additional legal claims against the officers and Board of Directors of Aqua Metals. If you are an affected Aqua Metals shareholder and want to learn more about the lawsuit or join the action, contact Willie Brisc

New York sets bigger energy storage target than California

“A comprehensive agenda to combat climate change” unveiled on Tuesday by New York governor Andrew Cuomo, includes the setting of a state-wide energy storage deployment target of 1,500MW by 2025. In addition to the introduction of the target, Cuomo unveiled plans to reduce emissions from natural gas peaker plants, solicit proposals for “at least 800MW” of offshore wind energy projects over two years, establish energy efficiency targets, reconvene a scientific advisory panel on climate change with authorities from other states and create a community solar PV programme aimed at 10,000 low-income households in the state. Despite the significance of those other major initiatives and measures, a s

2018 PREVIEW: Will lead outshine zinc or will strikes send copper soaring?

found on fastmarkets.com Lead prices rose by 29.8% at its peak in 2017 but was outshone by sister-metal zinc and the electric vehicle (EV) rally – could 2018 could be the year lead finally takes prominence? INTL FCStone analysts predict that over the course of 2018 lead prices will hit $2,900 per tonne. The metal was last regularly trading at this level in 2007 and 2008 – meaning it would hit a 10-year high according to the forecast, much like zinc did in 2017. “We remain constructive on lead going into next year as this year’s shortfall, coupled with another expected deficit for next year, should keep trading ranges fairly high,” an INTL FCStone analyst said. The lead price started 2017 jus

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