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Taxes, Higher Electricity Rates Coming for Russian Bitcoin Miners - Lawmaker
20.10.2021
The parliamentarian charged with creating Russia’s crypto regulation has hinted that crypto mining tax could be coming – while the days of rock-bottom energy prices for miners across the whole CIS region appear to be coming to an end.
Per Finworld, Anatoly Aksakov, the head of the State Duma’s...
Russia, Belarus Move to Introduce Special Electricity Tariffs for Crypto Miners
18.10.2021
Authorities in Belarus and the Russian Federation are taking steps to separate cryptocurrency miners from other groups of power users and deny them access to subsidized energy. This could lead to the adoption of differentiated electricity rates for businesses involved in digital coin minting...
Texas should use Bitcoin mining to capture wasted natural gas: Sen. Ted Cruz
11.10.2021
Senator Cruz predicts that Bitcoin mining will be used to capture wasted renewables and Texas’ power grid within five years
Abkhazia Extends Internet Restrictions for Cryptocurrency Miners
9.10.2021
The government in Abkhazia has extended an order prohibiting access to internet sites used by cryptocurrency miners. The measure is part of a wider ban on activities related to the extraction of digital coins that also limits the use of electricity and imports of mining equipment in the breakaway...
Lawmakers in Kazakhstan Propose Registration for Crypto Farms, Higher Electricity Rate for Miners
7.10.2021
Members of the parliament in Kazakhstan have proposed the establishment of a state register for cryptocurrency farms operating in the country. Alarmed by the growing consumption of energy in the sector, the lawmakers also want to charge miners a higher price for the electricity they use. Mazhilis...
Nordic Bitcoin Miners Face Double Challenge, But Industry Still 'Quite Optimistic'
5.10.2021
sis has already received widespread attention over the past month, with both natural gas and electricity prices soaring to new highs in a number of European countries.And although less impacted than countries further south on the continent, the rising prices are also felt in the Nordics, wher
Canadian Bitcoin mining firm Link Global faces $5.6M penalty
5.10.2021
Link Global has received an extension to Oct. 14, 2021, as the deadline for filing its response to the action
Kyrgyzstan Raises Electricity Rates for Cryptocurrency Miners
3.10.2021
The government of Kyrgyzstan has recently revised its electricity tariffs for various groups of consumers. Authorities in Bishkek have raised the rates at which crypto mining businesses buy power citing the energy-intensive nature of the coin minting process. Crypto Miners in Kyrgyzstan to Pay More...
Crypto Miners Blamed for Power Supply Deficit in Kazakhstan, Government Mulls Restrictions
3.10.2021
Kazakhstan is facing electricity shortages and cryptocurrency mining has been singled out as the main culprit. Amid an ongoing crackdown in China, the Central Asian nation has become a magnet for crypto miners who are taking advantage of its low electricity rates. Republic of Kazakhstan Sees...
El Salvador president teases geothermal Bitcoin mining farm
29.9.2021
El Salvador’s president showed the supposed first steps of a geothermal Bitcoin mining facility
US Utility Mines Bitcoin To Balance Electricity Supply
24.9.2021
y demand and supply as more renewable energy continues to come online.An increased use of BTC mining by utilities for grid balancing could help mend Bitcoin’s reputation as a fossil fuel-hungry asset that boosts the world’s carbon footprint, a factor that triggered
Bitcoin mining estimated to represent 0.9% of global carbon emissions in 2030
22.9.2021
New York Digital Investment Group estimates that Bitcoin mining will not represent more than 0.4% of global carbon emissions over the next decade
How Bitcoin Mining Might Help Nations With Domestic Energy Production
19.9.2021
r energy. However, even if the cryptocurrency consumes nearly as much electricity each year as the Netherlands, there are a number of people within the Bitcoin industry who are arguing that it could end up being a net positiv
Bitcoin's power consumption this year has already surpassed all of 2020's
15.9.2021
Bitcoin has already consumed more power in 2021 than it did in all of 2020 according to a recent study
Bitcoin Miners, Take Notice - Biden’s Plan Would Remake the US Electricity System
12.9.2021
y">released a report produced by the US Department of Energy that found that solar power could generate up to 45% of the US electricity supply by 2050, compared to less than 4% today. Joshua D. Rhodes, an energy technolog
Iran Shuts Down More Illegal Crypto Farms, Bringing Total to Over 5,300
11.9.2021
Authorities in Iran are continuing their crackdown on unauthorized cryptocurrency mining as electricity demand remains high. The country’s power utility company has so far closed down more than 5,300 illegal mining facilities, seizing an enormous amount of coin-minting machines. Power...
Iranian Ministry of Industries Denies Power Shortages Are Caused by Illegal Crypto Miners
2.9.2021
Iran’s Ministry of Industries, Mining and Trade has rejected claims blaming illegal cryptocurrency miners for the continuing electricity shortages in the country. The department believes the state-run utility company, Tavanir, has overestimated their role in the power deficit. Illegal Miners...
Higher Bitcoin Prices Create Resurrection of Old Mining Rigs, Outdated Miners See New Life
30.8.2021
The price of bitcoin has dipped a hair in value this past week, but the crypto asset is still up 14.4% over the course of the last month. Statistics show that Bitcoin’s hashrate has seen a resurgence and because bitcoin’s price has increased, mining profitability and hashrate...
Lukashenko Urges Belarusians to Mine Cryptocurrency Rather Than Pick Strawberries Abroad
29.8.2021
President Alexander Lukashenko has advised workers to stay in their home country instead of emigrating to fill low-paid farming jobs in Poland and Germany. The Belarusian leader pointed to an alternative source of income, noting there’s enough electricity in Belarus to power cryptocurrency...
Blockchain is as revolutionary as electricity: Big Ideas with Jason Potts
24.8.2021