Search

Nalezeno "US miners": 1987

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...

Biden Budget Proposal Targets Crypto Investors Using Like-Kind Exchange Provision; Plan Aims to Tax Crypto Miners 30%

10.3.2023
On Thursday, the Biden administration released the U.S. president’s 182-page budget proposal for the fiscal year 2024, which aims to “grow the economy from the bottom up and middle out.” The budget includes an $835 billion increase in military spending, but the administration...

'Bad batch' or flawed design? Compass Mining flags problems with new ASIC miners

10.3.2023
The Bitcoin mining company is stumped as to why Bitmain changed the design of the S19 Antminers

Biden budget proposes 30% tax on crypto mining electricity usage

9.3.2023
The tax would be phased-in at 10% per year over three years and covers electricity generated from both on and off-grid sources

Compass Mining Alerts Bitcoin Miners of Changes in Bitmain’s ASIC Design

8.3.2023
Compass Mining, a bitcoin mining firm, published a blog post stating that Bitmain, the company behind the application-specific integrated circuit (ASIC) mining rig, has made changes to its design. The post advised miners to be aware of the changes as Compass Mining identified “three...

Terawulf Energizes First Nuclear-Powered Bitcoin Mining Facility in the US, Plans to Expand Operations

6.3.2023
Terawulf, a bitcoin mining operation, has announced that it has energized the first nuclear-powered bitcoin mining facility in the United States at the company’s Nautilus Facility in Pennsylvania. According to the company, approximately 1 exahash per second (EH/s) or close to 8,000...

Bitcoin Miners Prepare for Upcoming Difficulty Increase in the Face of Market Uncertainty

6.3.2023
Bitcoin (BTC) miners are preparing for another difficulty adjustment this week, as the computational power required to mine new coins reaches its highest level ever. The next difficulty adjustment, which is expected to occur on Friday March 10, will take the difficulty level from 43.05 T to 44.46...

US Sentences Man to 3 Years in Prison for Defrauding Investors in Crypto Mining Scheme

6.3.2023
A U.S. district judge has sentenced a man to three years in prison in a fraudulent cryptocurrency mining scheme. The defendant “misappropriated his victims’ money and failed to provide them with the miners and miner-hosting services they had purchased from him,” according to...

Bitcoin Miners Brace for Another Projected Difficulty Increase as Hashrate Heats Up Amid Market Uncertainty

5.3.2023
Despite a 9.95% increase last week and the all-time high difficulty, bitcoin’s hashrate has averaged around 305 exahash per second (EH/s) over the past 30 days. According to current data, the hashrate has been around 308 EH/s over the past 2,016 blocks. The next difficulty change, set...

U.S. Lawmakers Reintroduce Bill to Force Crypto Miners to Disclose Emissions

3.3.2023
U.S. Senator Edward Markey (D-Mass.) and Rep. Jared Huffman (D-Calif.) reintroduced a bill that would have crypto miners disclose their emissions and see the Environmental Protection Agency analyze the effect mining has

Bitcoin Miners Are Starting to Emerge From Brutal Crypto Winter

2.3.2023
After several bankruptcies and fire sales, the rally in bitcoin’s price is providing some relief for the miners, although they may not be completely out of the woods yet

Bitcoin’s Blockchain Growth Accelerates With Trend of Ordinal Inscriptions

28.2.2023
The Bitcoin blockchain has 40.49 gigabytes (GB) to go until it reaches half a terabyte (TB), and with the recent trend of Ordinal inscriptions, it’s likely to get there faster. The average block size reached a high of 2.52 megabytes (MB) on Feb. 12, 2023, but block sizes have subsided...

Bitcoin Miner Marathon Digital to Restate Some Results on Accounting Issues

28.2.2023
The disclosure comes ahead of this afternoon's fourth quarter earnings release

Mawson Infrastructure Group Launches Bitcoin Mining Operation in Pennsylvania, Exits Australia

27.2.2023
The bitcoin mining operation, Mawson Infrastructure Group, Inc., announced that the firm has broken ground at a new site in Sharon, Pennsylvania. Reports detail that Mawson has delivered six modular production units capable of housing 3,528 application-specific integrated circuit (ASIC) bitcoin...

Lawmakers to Resubmit Russia’s Crypto Mining Bill, Introduce Liability for ‘Gray’ Miners

26.2.2023
The draft law legalizing cryptocurrency mining will be resubmitted to Russian parliament which will postpone its adoption, one of its sponsors announced. Members of the lower house are also working on a separate bill that will introduce liability for those who mint digital coins illegally. Adoption...

Bitcoin Mining Difficulty Reaches All-Time High as Miners Face Second-Largest Increase This Year

25.2.2023
Bitcoin’s mining difficulty reached an all-time high (ATH) on Feb. 24, 2023, at block height #778,176, reaching 43.05 trillion hashes and surpassing the 40 trillion mark for the first time ever. The network’s difficulty increased by 9.95%, which is the second-largest rise this year...