Bitcoin News / Bitcoin.com - 1 year ago
Authorities in the energy-rich Russian region of Irkutsk have imposed hefty fines on crypto miners this year for illegal use of electricity to produce digital currencies. Power utilities have also filed hundreds of lawsuits, a report reveals, quoting...
Bitcoin News / Bitcoin.com - 1 year ago
Authorities in Iran have revised some rules for the crypto mining industry in order to facilitate its access to green power. Licensed miners will now be able to purchase electricity produced from renewable sources from across the country at lower rat...
Bitcoin News / Google News Bitcoin - 1 year ago
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In a mid-July report, JPMorgan (JPM) estimated Bitcoin (BTC-USD) miner production costs fell to about $13,000 per coin. This figure was widely reported in the crypto sector and business media. The general reporting...
Cryptocoins News / The Cointelegraph - 1 year ago
Record-breaking heat waves are being documented across the world as extreme weather is worsening due to climate change. States throughout America are continuing to see temperatures rise above 100 degrees Fahrenheit (38 degrees Celsius), while the Un...
Bitcoin News / Google News Bitcoin - 1 year ago
Record-breaking heat waves are being documented across the world as extreme weather is worsening due to climate change. States throughout America are continuing to see temperatures rise above 100 degrees Fahrenheit (38 degrees Celsius), while the Un...
Bitcoin News / Bitcoinist - 1 year ago
Kazakhstan has imposed new tax rules on crypto miners, this new taxation system shall be differentiating the tax rates on crypto mining. It also includes crypto miners that use renewable energy resources. President of Kazakhstan Kassym-Jomart Tokayev...
Bitcoin News / Bitcoin.com - 1 year ago
President of Kazakhstan Kassym-Jomart Tokayev has signed into law a bill amending the country’s Tax Code to impose higher tax rates on crypto miners. The levy will depend on the amount and average price of electricity utilized in the extractio...
Bitcoin News / Google News Bitcoin - 1 year ago
President of Kazakhstan Kassym-Jomart Tokayev has signed into law a bill amending the country’s Tax Code to impose higher tax rates on crypto miners. The levy will depend on the amount and average price of electricity utilized in the extraction...
Cryptocoins News / Blockchain - 1 year ago
Many crypto miners have shut down operations due to a heatwave in Texas.
With temperatures well above 100 degrees Fahrenheit already in most areas, the Electric Reliability Commission of Texas (ERCOT) on Sunday urged Texas residents and businesses...
Cryptocoins News / The Cointelegraph - 1 year ago
With many parts of Texas enduring days of temperatures well over 100 degrees Fahrenheit in July, many crypto miners have shuttered operations in anticipation of the state’s energy grid being unable to meet demand.
The Electric Reliability Council of...
Bitcoin News / Bitcoin.com - 1 year ago
Iran’s state-owned power distribution company, Tavanir, has threatened harsher measures to discourage unauthorized crypto mining. These include much higher fines for those minting digital currencies with subsidized electricity and penalties fo...
Bitcoin News / Google News Bitcoin - 1 year ago
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CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at wh...
Cryptocoins News / NewsBTC - 1 year ago
It’s Sam Bankman-Fried’s moment. The FTX and Alameda Ventures golden boy put both of his companies in a winning position and seems to be carrying the spoils away. The recent Forbes piece about secretly insolvent exchanges puts it best, “Like J.P. Mo...
Cryptocoins News / The Cointelegraph - 1 year ago
Crypto miners account for two percent of the total electricity consumption in Russia, according to the latest government estimate.The energy consumption share of the crypto mining industry has exceeded the country’s agricultural sector, showing signs...
Bitcoin News / Bitcoin.com - 1 year ago
The share of crypto miners in Russia’s power consumption structure already exceeds 2%, according to a new government estimate. On this backdrop, the country’s industry ministry believes it’s time to bring the sector out of the sh...
Bitcoin News / Bitcoin.com - 1 year ago
A new draft law has replaced an earlier bill introducing a one-year tax and customs amnesty for cryptocurrency miners in Russia. The initial proposal has been withdrawn on the grounds that the tax break would have resulted in losses for the state bud...
Cryptocoins News / The Cointelegraph - 1 year ago
New York-headquartered crypto mining firm Bit Digital reported two of its hosting partners ceased operations to more than 4,800 rigs following power disruptions at different facilities. In a Thursday announcement, Bit Digital said a substation in Nia...
Bitcoin News / Bitcoinist - 1 year ago
On May 10, 2022, the parliament of Norway voted against a proposed ban on Bitcoin mining in the country. This was good news for crypto miners, who were relieved at the decision.
Red Party (communist party of Norway) initially recommended a plan to re...
Bitcoin News / Bitcoin.com - 1 year ago
The anti-monopoly service of Russia has suggested that Russians minting digital currencies at their homes should pay more for the spent electrical energy. The proposal comes after the submission of a bill tailored to regulate cryptocurrency mining to...