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No Tax Amnesty for Russian Crypto Miners as Lawmakers Withdraw Proposal
26.5.2022
A new draft law has replaced an earlier bill introducing a one-year tax and customs amnesty for cryptocurrency miners in Russia. The initial proposal has been withdrawn on the grounds that the tax break would have resulted in losses for the state budget. Revised Crypto Mining Legislation Submitted...
Brazil in Bitcoin Adoption Drive: Blockchain.com's Expansion, Miners' Tax Break, Real Estate Firm's BTC Choice
25.5.2022
Crypto adoption is gaining pace in Brazil, with the crypto wallet giant Blockchain.com looking to hire local staff, a major real estate firm committing to bitcoin (BTC) pay, and the government looking to incentivize crypto mining by waiving tax on imported mining hardware....
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Russia's updated crypto mining bill cuts tax amnesty for Bitcoin miners
24.5.2022
Legislators in the lower house of Russia's parliament also dropped the notion of a special register for mining operators
Bitcoin Miners Expected to Catch a Break in 2 Days, Mining Difficulty Estimated to Drop Close to 4%
23.5.2022
While Bitcoin’s hashrate has remained above the 200 exahash per second (EH/s) mark, over the last two weeks the network’s mining difficulty has been at an all-time high (ATH) at 31.25 trillion. However, after 289 blocks are mined or roughly two days from now, Bitcoin’s mining...
Crypto Mining Farm Uncovered in Russia’s Oldest Prison
22.5.2022
Russian law enforcement officials are investigating a crypto mining operation at Butyrka, Russia’s oldest prison. A deputy warden has been accused of stealing electricity to mint digital coins with the help of unidentified accomplices. Deputy Warden Suspected of Mining Cryptocurrency...
3K+ Bit Digital hosting partner's crypto miners go offline after explosion and fire
20.5.2022
The company said it will be seeking reimbursement for the lost revenue from mining crypto, with operations at Niagara Falls "hoped to resume within a few weeks."
New York Bitcoin Miners Start to Give Up on State Amid Regulatory Uncertainty
19.5.2022
The state was once a draw for bitcoin miners, but environmental concerns are weighing on the industry
Despite Criminalizing Mining, Abkhazia Uncovers Another Crypto Farm
19.5.2022
Even after introducing fines and criminal liability for cryptocurrency mining, Abkhazia continues to find underground facilities for digital currency extraction. This week, law enforcement officials have confiscated dozens of mining devices from an illegal crypto farm. Abkhazia Shuts Down Crypto...
Ethereum Hashrate Taps an All-Time High Amid This Week’s Crypto Market Meltdown
15.5.2022
Amid the crazy week in the world of cryptocurrencies and the Bitcoin network’s mining difficulty reaching a lifetime high at 31.25 trillion, Ethereum’s hashrate tapped an all-time high on May 13, at block height 14,770,231. Cryptocurrency miners continue to dedicate large quantities...
Authorities Seize Over 1,500 Crypto Mining Rigs in Dagestan Crackdown
15.5.2022
Law enforcement and other authorities in Dagestan have closed down two illegal crypto farms, confiscating more than 1,500 mining machines. Government agencies in the republic, considered one of Russia’s capitals of underground coin minting, carry out regular raids against such facilities....
Number of Busted Illegal Crypto Mining Farms in Iran Nears 7,000
14.5.2022
Authorities in Iran have shut down close to 7,000 unauthorized facilities for cryptocurrency mining in the past two years, local media revealed. According to a report, most of the illegal bitcoin farms were concentrated in five provinces of the Islamic Republic, including Tehran. Iran Continues...
Despite the Low Price, Bitcoin’s Hashrate Remains Elevated as Difficulty Taps an All-Time High
14.5.2022
Amid the Terra blockchain meltdown, Bitcoin’s hashrate has been well above the 200 exahash per second range, at 212 EH/s at the time of writing. Bitcoin’s hashpower has remained high after reaching an all-time high on May 02, at block height 734,577. Moreover, while bitcoin miners...
Proposed Crypto Mining Ban in Norway Fails to Gain Support in Parliament
13.5.2022
A push to prohibit the energy-intensive proof-of-work mining of cryptocurrencies in Norway has been rejected by the majority of lawmakers. The ban had been suggested by the far-left Red Party which also didn’t win backing to raise an electricity tax for crypto miners. Norway Will Not...
Not bothered: Miners ‘not impacted by volatility’ in Bitcoin market
12.5.2022
In the face of extreme fear in the Bitcoin market, miners are unfazed and may even welcome a downturn as it opens up the opportunity to gain more hash power
Bitcoin Miner Argo Blockchain 'Leans Toward' Designing Custom Miners With Intel Chips
11.5.2022
Custom bitcoin mining rigs will allow miners to design their own machines, instead of having to settle for ready-made ones from a duopoly of manufacturers
Top Diamond Producer De Beers Deploys Blockchain-Based Platform at Scale
11.5.2022
De Beers, one of the leading diamond-producing companies globally, recently announced the deployment of its blockchain-based diamond source platform at scale. The platform will “enable the provision of provenance information from source to Sightholder to store on a secure blockchain.”...
Environmental groups urge US government to take action on crypto miners
10.5.2022
Among the proposals, the group of eight organizations requested the Environmental Protection Agency subject PoW mining firms to “stringent reviews” around operating permits
Argentina Bears Down on Crypto Miners Amid Power Shortage
10.5.2022
Some registered companies saw a 400% increase in their electricity bills in March, while unregistered miners do not plan to stop using subsidized residential tariffs
Bitcoin Miners About to Be Hit With Record Difficulty as Profitability Drops
10.5.2022
Work is about to become harder for Bitcoin (BTC) miners, as mining difficulty is set for another all-time high (ATH) in a matter of hours, which will be the second one in a row, once again cutting into the already decreasing profit margins of miners. ...
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Go green or die? Bitcoin miners aim for carbon neutrality by mining near data centers
10.5.2022
Bitcoin mining companies must prove carbon neutrality as new regulations come to play, but are carbon offsets enough?