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Deal to avoid US debt default nixes proposed 30% crypto mining tax, says Ohio lawmaker
29.5.2023
According to Representative Warren Davidson, legislation to address the U.S. debt ceiling blocks “proposed taxes,” including a 30% tax on electricity used by crypto miners
US Sen. Lummis Says President Biden Is Picking ‘Winners and Losers’ With Proposed Crypto Mining Tax
27.5.2023
The Biden administration is picking “winners and losers” in a proposal to tax cryptocurrency miners, US Sen. Cynthia Lummis said in a tweet on Thursday.
The Wyoming Republican called Biden’s proposed 30 percent tax a “blatant attempt by the administration to pick winners and losers.”
“I will...
Excavating the Truth Around the Bitcoin Mining Discourse
24.5.2023
Last year, a group of CoinDesk reporters traveled to Seneca Lake to examine the effect Greenidge Generation – a resurrected power plant that now mines bitcoin – had on the surrounding communities. Though we expected to hear locals say they disliked the plant and its continued operation, we found...
President Biden’s Crypto Mining Tax “Isn’t Going To Happen,” Sen. Lummis Says
19.5.2023
US Sen. Cynthia Lummis is not a fan of President Biden’s proposed 30 percent tax on cryptocurrency miners.
“That isn't going to happen,” the Wyoming Republican and crypto enthusiast, said on Friday at Bitcoin 2023 Conference in Miami.
There are environmental benefits including “not venting...
U.S. Bitcoin Corp to Host 150K Crypto Mining Rigs
18.5.2023
The contracts are the latest in a series of moves indicating the mining industry is getting back on its feet
Pakistan to Ban Online Services Related to Cryptocurrencies
18.5.2023
Authorities in Pakistan intend to prohibit all internet-based crypto services despite significant digital-asset investments made by Pakistanis. The decision comes as government officials in Islamabad take a strong stance against the legalization of cryptocurrencies like bitcoin. Crypto ‘Will Never...
ViaBTC’s 7th Anniversary: The Evolution of Crypto Mining
17.5.2023
On January 3, 2009, Satoshi Nakamoto mined the Genesis Block on a small server in Helsinki, Finland, and received a reward of 50 bitcoins, which marks the beginning of crypto mining. From CPU to ASIC In Satoshi Nakamoto’s initial vision, BTC mining could be performed using CPUs installed...
Paraguay Police Raid Unearths 300 Stolen BTC Mining Rigs
16.5.2023
Police have recovered 300 Bitcoin (BTC) mining rigs stolen from a farm in Paraguay, following a major operation conducted by the nation’s Anti-Kidnapping Department (DAS).
Per the Brazilian media outlet Portalo do Bitcoin, the operation was carried out after a theft in the Paraguayan province...
Crypto Mining Data Center Soluna Stock Surges After $14M Investment Deal
15.5.2023
The investment includes a $2 million loan and $12 million in equity
Russian Companies ‘Actively’ Using Crypto, Russia to Adopt 4 Relevant Laws, Official Says
14.5.2023
Russian lawmakers intend to soon approve four bills designed to regulate various aspects of cryptocurrencies, a high-ranking member of the Russian parliament announced. Meanwhile, Russian companies are already using digital assets in cross-border settlements, the official noted. Russian Legislature...
Gbitcoins – Providing Top-Notch Cloud Mining Services
12.5.2023
Cloud mining is one of the newest, most innovative developments in the cryptocurrency space in recent years. It provides an affordable and more accessible entry point into the world of crypto mining. Various cloud mining sites have become popular as the demand for cryptocurrency mining grows....
Large Immersion Cooled Crypto Mining Farms to Extract Bitcoin in Middle East Desert
12.5.2023
A project to build two large-scale facilities for cryptocurrency mining is underway in the United Arab Emirates (UAE). The high-tech data centers will rely on a full immersion solution to cool the power-hungry miners as the desert climate renders air-cooled mining infeasible, participants said....
Bitcoin Miner Marathon Receives Second SEC Subpoena in Connection to Montana Mining Facility Investigation
11.5.2023
Marathon Digital Holdings, a publicly-listed bitcoin mining company, has recently revealed that it was served with a subpoena by the U.S. Securities and Exchange Commission (SEC) in relation to an investigation concerning the firm’s Montana mining facility. The SEC is reportedly looking into...
Iran Shuts Down Over 8,000 Illegal Crypto Mining Farms in 3 Years
10.5.2023
Authorities in Iran have closed down more than 8,000 underground facilities for cryptocurrency mining in the past three years, local media reported. Despite the government’s crackdown, illegal crypto mining continues to account for a serious amount of energy consumption, official figures suggest....
Marathon Digital announces immersion crypto mining operations in Abu Dhabi
9.5.2023
The mining firm expects the two facilities to be online by 2024 and produce a combined hash rate of roughly 7 EH/s
Cipher Mining Buys 11,000 Crypto Mining Rigs From Canaan, Reaches 6 EH/s Hashrate
9.5.2023
Cipher has an eye on hashrate of 8.2 EH/s by the end of the year
Crypto Mining Entities in Kazakhstan Paid $7 Million in Taxes in 2022 – Next Crypto Hub?
8.5.2023
The government of Kazakhstan collected around $7 million in taxes from cryptocurrency mining entities last year.
Kazakhstan has received 3.07 billion tenges (almost $6.9 million) in tax payments from crypto miners in 2022, the country's State Revenue Committee of the Ministry of Finance...
Russia May Take Up 18% of Bitcoin Hashrate in Next Big Migration of Crypto Miners, Experts Say
8.5.2023
Increasing regulatory pressures, tax burden and energy costs in countries like the U.S. and Kazakhstan are likely to result in a new great migration of crypto miners, Russian analysts believe. Under such a scenario, Russia has what it takes to occupy up to 18% of the global bitcoin hashrate, they...
Kazakhstan collected $7M in crypto mining taxes in 2022
6.5.2023
Crypto miners paid millions of dollars in energy fees last year following the regulation of the fiscal burden of mining activities
Crypto Miners Pay Kazakhstan $7 Million in Taxes Amid Uncertain Future for Sector
6.5.2023
The government of Kazakhstan has collected over $7 million in taxes this and last year from enterprises mining cryptocurrency in the country. The news comes amid growing regulatory pressure that is limiting the industry’s access to low-cost energy while increasing its tax burden. Miners Face Higher...