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Nalezeno "Crypto Mining": 1372

'Don't Mess with Texas Innovation' — advocates criticize bill removing crypto mining incentives

10.4.2023
Lawmakers in a Texas Senate committee moved forward on Senate Bill 1751 on April 4, paving the way for a floor vote for the legislation some have labeled as against crypto miners

Russia Takes Second Place Rank by Power Capacity in Crypto Mining, Reports

9.4.2023
Russia is now ranking second in terms of energy capacities engaged in the extraction of cryptocurrencies, new data suggests. Despite persisting regulatory uncertainty and the negative effects of sanctions, the amount of power devoted to the sector has been growing, reaching record highs this year....

Bitcoin Mining Firm Sphere 3D Sues Gryphon Digital Over Spoofing Attack – Here's What Happened

9.4.2023
Bitcoin mining firm Sphere 3D is suing Gryphon Digital Mining, its business partner, for losing about $500,000 worth of Bitcoin due to a spoofing attack. The firm accused Gryphon CEO Rob Chang of sending 18 Bitcoin to a fraudster who pretended to be Sphere 3D's CFO in January. A few days later...

Bitcoin Profits Deemed Taxable by Denmark’s Supreme Court

1.4.2023
Profits from the sale of cryptocurrencies like bitcoin are taxable, according to two rulings by the Supreme Court of Denmark. The verdicts in the cases, which involve crypto purchases and payments as well as income received from bitcoin mining, uphold decisions of lower courts. Denmark’s High Court...

March Bitcoin Mining Stats Show Climbing Revenue and Hashrate Highs

1.4.2023
According to statistics, 4,498 blocks have been mined in the last 30 days, creating 28,112 new bitcoins over the past month. Bitcoin’s network hashrate has been around 341 exahash per second (EH/s) during the last 2,016 blocks or the last two weeks. This month, the mining pools Foundry...

Chatgpt More Useful Than Crypto, Nvidia Tech Chief Says

30.3.2023
Unlike AI applications such as Chatgpt, cryptocurrencies do not bring “anything useful,” a top executive of U.S. chip maker Nvidia is convinced. The comment comes despite his company making significant sales in the space where its powerful processors are widely used to mint digital...

Venezuela shuts down crypto mining facilities, exchanges amid corruption probe

25.3.2023
According to Venezuela's attorney general office, government officials were running parallel oil operations with the assistance of the national crypto department

How Montana stands to benefit if its pro-crypto mining bill is approved

24.3.2023
Montana is could face a series of changes if its pro-crypto mining bill is approved

Core Scientific to transfer $20M of equipment to settle bankruptcy dispute

21.3.2023
Millions of dollars worth of electrical equipment will be transferred to the crypto miners' exclusive energy negotiator to settle a payments dispute

Several Crypto Mining Operations Busted in Russia

19.3.2023
Authorities and power utilities in various Russian regions have shut down illegal crypto mining farms, seizing hardware and taking operators to court. The action against the coin minting facilities comes amid discussions on a proposal to introduce criminal liability for miners breaking the upcoming...

Crypto mining in 2023 — Is it still worth it? Watch Market Talks

16.3.2023
Join us as we discuss whether cryptocurrency mining is still worth it in 2023 and all the latest updates regarding the mining industry

Russian MP Calls for Gov’t to Hurry Crypto Mining Legalization – Here’s His Rationale

14.3.2023
A Russian lawmaker has called for the legalization of crypto mining – and has claimed that bringing mining out of a “grey” legal sphere as soon as possible will benefit both miners and the government. The comments came from the MP Sergei Malikov, a member of the Moscow Regional Duma, where...

Report: Egyptian Police Arrest 29 Alleged Masterminds of Crypto Mining App Scam

14.3.2023
The Egyptian police are reported to have recently arrested 29 individuals associated with the Hoggpool cryptocurrency mining app scam. In addition to seizing 95 mobile phones and 3,367 SIM cards, the police said domestic and foreign currency valued at $194,000 was recovered during the arrests....

Revised Bill Suggests Prison Time for Russian Crypto Miners Evading Taxation

12.3.2023
A draft law designed to regulate crypto mining in Russia introduces harsh penalties for miners failing to report digital assets to the state. In its latest revision, the bill also threatens to punish those who organize illegal trading of cryptocurrencies with imprisonment and hefty fines. Forced...

Crypto Mining Firms Targeted: U.S. Treasury Proposes 30% Tax on Electricity Costs

10.3.2023
Crypto mining firms based in the United States could be subject to a 30% tax on electricity costs under a new budget proposal aimed at reducing mining activity. According to a March 9 supplementary budget explainer paper by the Department of the Treasury, any firm using owned or rented mining rigs...

U.S. Treasury Department Proposes 30% Excise Tax on Crypto Mining Firms

10.3.2023
A provision in the department’s “Greenbook,” its list of tax proposals and explanations for U.S. President Joe Biden’s budget proposal, would create a phased-in excise tax based on the costs of the electricity used in crypto mining, imposed on the companies “using computing resources” to mine...