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NYC Mayor Supports 'Crypto But Not Crypto Mining,' While Billionaire Bashes BitLicense
10.2.2022
The US Mayor who became known in the Cryptoverse as a Bitcoin (BTC) supporter and industry ally is now opposing crypto mining, citing high energy consumption. Meanwhile, a billionaire urges the state to get rid of BitLicense "right away."...
Read More: NYC Mayor Supports 'Crypto But Not Crypto...
Russian Government Approves Plan to Regulate Cryptocurrency
9.2.2022
The federal government in Moscow has adopted a concept for regulating the Russian crypto space as early as this month. The new framework is expected to place cryptocurrency flows under state oversight, introduce strict obligations for market participants, and ensure investor protection. Russian...
Kazakhstan Mulls Fivefold Increase of Electricity Tax on Crypto Mining
9.2.2022
Authorities in Kazakhstan are discussing new regulations for the country’s crypto space that may lead to a serious increase in the tax burden on the mining business. Among the proposed changes is a fivefold hike of the fee miners pay per each kilowatt-hour of utilized electricity. Mining...
Google Cloud to detect crypto-mining malware on virtual machines
7.2.2022
Bad actors using malware to steal GPU power to mine crypto will have to up their game to deal with Google Cloud's latest security protocol
The Miner Capitulation Number: A Look at When Bitcoin’s Price Crashed Below the Cost of Production
7.2.2022
Over the last 30 days, Bitcoin’s hashrate has been coasting along at the highest levels ever recorded during the network’s lifetime. Bitcoin’s price improved recently but it is still down 38% from the crypto asset’s high, making bitcoin less profitable to mine. However...
Electricity Consumption Spikes in Irkutsk as More Russians Start Mining Cryptocurrency
7.2.2022
Electricity suppliers in the Russian region of Irkutsk have registered a surge in power consumption in residential areas which they are blaming on cryptocurrency mining. Planes with mining equipment from restricted China continue to land in the region, and cases of hardware theft have also...
Russians Mining Crypto to Pay at Least 15% Tax, Companies – No Less Than 6%, Lawmaker Says
6.2.2022
Private individuals mining cryptocurrency may expect a higher tax burden than businesses involved in the industry, a high-ranking member of the Russian parliament has indicated. While the extraction of digital currencies is yet to be regulated in Russia, authorities lean towards recognizing it...
Russian Association of Power Suppliers Proposes Measures to Prevent Home Mining
5.2.2022
The industry organization of Russian energy suppliers has come up with ideas on how to combat cryptocurrency mining in homes, basements and garages. The association believes the phenomenon is the main issue with mining in Russia as authorities prepare to legalize it. Suppliers Move Against Mining...
Japanese Police Deletes its Warning about Crypto Mining after Losing Moner Case
5.2.2022
The long-running Monero (XMR) mining saga that pitted Japanese web developers against the police over the matter of crypto mining software may have come to a close last month, but the police force appears to have added an intriguing coda – by removing its public warning about the dangers...
Profitability makes crypto mining more expensive in Argentina
4.2.2022
The government says that mining “presents challenges to the infrastructure of the concession area to which they are connected.”
Demand for Mining Equipment Drops in Russia Amid Fears of Possible Ban, Report
4.2.2022
Platforms listing ads for mining hardware have been registering declining demand since Bank of Russia’s call for a ban on the minting of digital currencies among other crypto activities. While mining may eventually be legalized, miners can expect to pay higher electricity bills. Supply...
Kazakhstan Extends Power Cuts for Cryptocurrency Miners
3.2.2022
Crypto farms in Kazakhstan will remain unplugged until Feb. 7, as the local utility has extended power cuts for miners. The company points to ongoing difficulties with electricity supply as the main reason for the measure, which was supposed to expire at the end of January. Mining Facilities...
US Lawmakers Press Bitcoin Mining Firms on Energy Usage, Carbon Emissions, Climate Crisis
1.2.2022
Eight U.S. lawmakers, including Senator Elizabeth Warren, have sent letters to top U.S.-based bitcoin mining firms questioning them about their crypto mining operations. “The extraordinarily high energy usage and carbon emissions associated with bitcoin mining could undermine our hard work...
Russian Central Bank Still Wants to Ban Bitcoin & Crypto Mining, Despite Backlash
31.1.2022
Russia’s crypto-skeptic Central Bank appears ready to climb down over some aspects of its proposed crypto ban – but still wants to ban mining, despite recent comments on the matter from President Vladimir Putin.
VC.ru reported that the Central Bank has now repeated its calls for a ban...
Fossils vs. Renewables, PoW vs. PoS: Key policy issues around crypto mining in the U.S.
30.1.2022
A recent meetup on the Capitol Hill highlighted several key debates that will define the mining industry’s development in the years to come
Crypto mining won’t survive another round of environmental legislation
29.1.2022
Blockchain mining’s massive carbon footprint is impossible to justify — and puts it in the crosshairs of global environmental legislation
Putin Urges Government, Central Bank to Reach Consensus on Crypto, Highlights Russia’s Mining Potential
27.1.2022
President Vladimir Putin has joined the debate on the future of cryptocurrencies in Russia, calling on the government and central bank to work out a common position on their regulation. The Russian leader also emphasized Russia’s strengths as a crypto mining destination. Putin Asks Ministers...
Putin ‘Supports’ Plan to Legalize and Regulate Bitcoin & Crypto Mining – Report
27.1.2022
Russia could accelerate its path to becoming one of the world’s biggest Bitcoin (BTC) and crypto miners – with reports that President Vladimir Putin has backed a measure that may see the industry legalized and brought under government regulation....
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Utility Seeks $800,000 From Russians Mining Crypto With Cheap Power
27.1.2022
The main utility company in Irkutsk is looking to collect almost $800,000 from owners of crypto farms that have allegedly caused a spike in electricity consumption in the Russian region. The supplier accuses the miners of burning cheap household electricity in what is, in fact, a business activity....
Ban less likely? Putin says crypto mining has advantages in Russia
27.1.2022
Putin says that a surplus of electricity and well-trained personnel gives Russia a “competitive advantage” in crypto mining