Bitcoin News / Bitcoinist - 2 years ago
The new presidential decree published on April 27 will cause electricity prices pulled from the standard energy grid to increase by double.
The Uzbekistan new law will support the use of solar power in order to shift crypto miners away from coal. It&...
Cryptocoins News / The Cointelegraph - 2 years ago
The government of Kazakhstan has laid out new reporting requirements for cryptocurrency mining operators with a keen eye on how the industry’s energy usage affects the local power grid.The order, published by the country’s Minister of Digital Develop...
Bitcoin News / Bitcoinist - 2 years ago
Since its inception in 2009, Bitcoin, as well as the succeeding cryptocurrencies, have generated controversy.
Throughout the world, the majority of nations are attempting to establish rules and regulations governing cryptocurrencies.
In Iran, while t...
Cryptocoins News / The Cointelegraph - 2 years ago
Over the last couple of years, the world has been grappling with the lack of semiconductors, which are the substances that conduct electricity between metals and isolates. The most famous semiconductor is silicon. If correlating this concept to elect...
Bitcoin News / Bitcoin.com - 2 years ago
Authorities in Kazakhstan have found several businesses minting digital currencies that took advantage of tax cuts they were allegedly not supposed to benefit from. Auditors said the crypto firms registered as “innovative companies,&#x...
Bitcoin News / Bitcoinist - 2 years ago
Bitcoin’s price has fallen by more than three months, but US crypto miners aren’t backing down from adding more powerful computers to their operations.
A large chunk of Bitcoin mining occurred in the US, based on IP addresses from so-call...
Cryptocoins News / The Cointelegraph - 2 years ago
One of the main themes among the crypto community in 2021 was China’s aggressive policy toward mining, which led to a complete ban on such activities in September. While mining as a type of financial activity has not gone away and is unlikely to disa...
Cryptocoins News / The Cointelegraph - 2 years ago
Five members of the Georgia House of Representatives have introduced a bill that would exempt local crypto miners from paying sales and use tax.On Monday, Georgia Representatives Don Parsons, Todd Jones, Katie Dempsey, Heath Clark, and Kasey Carpente...
Bitcoin News / Bitcoinist - 2 years ago
The infamous Infrastructure Bill put the IRS in a difficult situation. The bill gave the organization incredible fund tracking superpowers. The thing is, the measurements were impossible to enforce. Now, Bloomberg informs us about a letter that a gro...
Cryptocoins News / The Cointelegraph - 2 years ago
The Kazakh government is considering a three-pronged proposal designed to make crypto miners pay much more for operating in the country, which could make Kazakhstan less attractive to the industry.On Friday, Kazakhstan’s First Vice Minister of Financ...
Bitcoin News / Bitcoinist - 2 years ago
Major Texas crypto miners adopt a proactive approach and close down 99% of their mining operations to fear an expected Arctic blast. A massive winter storm with heavy snow, rains, and flash flooding with thundered storms can damage the power grids of...
Bitcoin News / Bitcoin.com - 2 years ago
In mid-May 2021, the American multinational technology company Nvidia Corporation revealed that it added a hashrate limiter to curb the use of cryptocurrency mining with its graphics processing units (GPUs). However, crypto miners now say the move wa...
More / Bitcoin Reddit - 2 years ago
TLDR: They'll never admit it, but the nationwide power outages that struck Kazakhstan, Kyrgyzstan, and Uzbekistan today was caused by a load imbalance created by the Kazakh government cutting off the power supply to the nation's Bitcoin miner...
Bitcoin News / Bitcoin.com - 2 years ago
A record high consumption of electricity blamed on illegal crypto farms in northwestern Georgia has caught the attention of authorities in the capital Tbilisi. The central government and the local utility are taking on the issue of dealing with power...
Bitcoin News / Bitcoin.com - 2 years ago
The situation across Kazakhstan, hit by anti-government protests in the first week of the year, is normalizing, central authorities claim. The country’s massive crypto mining industry, which faced an internet blackout during civil unrest on to...
Bitcoin News / Bitcoin.com - 2 years ago
The government in Kazakhstan is considering building a nuclear power plant to overcome an electricity deficit allegedly caused by the booming crypto mining industry. Problems with power supply are driving away miners that saw the Central Asian countr...
Bitcoin News / Bitcoin.com - 2 years ago
Authorities in Iran have decided to permit power generation plants using renewable sources to sell electricity to licensed cryptocurrency miners. The move comes after the government asked mining companies to suspend activities in order to avoid winte...