For bitcoin, the world’s largest cryptocurrency by market value, a number of mining companies of the cryptocurrency are listed on public stock exchanges, Marathon Digital (MARA) and Riot Platform (RIO...
Tag: Miners
Russia will start jailing crypto miners that don’t do this – Cryptopolitan
Russia’s government is moving to tighten regulations on cryptocurrency miners, forcing them to report income to tax authorities or face up to four years in prison. The new regulations were announced i...
Revised Bill Suggests Prison Time for Russian Crypto Miners Evading Taxation – Mining Bitcoin News
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 ...
Bitcoin Ordinals could help BTC miners in the long-run- Here’s how
Ordinals inscriptions have surpassed 411,000. Its contribution to transaction fees over the past week has also exceeded 6%. Ordinals and other Layer 2 solutions have made the Bitcoin network no longer...
Biden Budget Proposal Targets Crypto Investors Using Like-Kind Exchange Provision; Plan Aims to Tax Crypto Miners 30% – Bitcoin News
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 in...
Biden Budget Proposes Taxing Crypto Miners
The proposed budget of the Biden administration has a clause that would impose taxes on the electricity usage of cryptocurrency miners. Tax To Discourage Crypto Mining U.S. President Joseph Biden’s p...
Bitcoin hashprice drops as miners face possible 30% energy tax
Ad Bitcoin’s (BTC) hashprice has significantly plummeted in recent weeks, dropping to its early January levels — a potential sign that the mining bull run might be over. Hashprice measures the market ...
BTC Will Hit $16,600 as Miners Mount More Pressure, CryptoQuant
Bitcoin has fallen below $19k in the last 24 hours. CryptoQuant said BTC miners have been reducing their reserves since January 21. The US government plans to tax BTC mining electricity use by 30%. Si...
‘Bad batch’ or flawed design? Compass Mining flags problems with new ASIC miners
Bitcoin mining company Compass Mining claims to have found “three issues” in the ASIC design of the two new Antminer S19 miners, units that are primarily used to mine Bitcoin (BTC). These issues could...
Biden budget proposal aims to reduce deficit by $74M in 2024 via energy tax on crypto miners
U.S. President Joe Biden’s budget and associated tax proposals could impact cryptocurrency miners, according to the White House’s 2024 budget paper. The budget specifically proposes imposi...
Crypto Miners’ Activities Highly Affect Market; Says Analyst
CryptoQuant shared an insight into the crypto miners’ selling activity claiming that it affects the market. The blog reiterated that the market is affected by the miners’ activities as they hold a lar...
US Lawmakers Try Again: Validators, Miners, Devs Are Not ‘Brokers’
A bipartisan group of US lawmakers are again pushing a bill to keep key crypto infrastructure — such as validators and miners — from being considered brokers once and for all. House Financial Services...
Compass Mining Alerts Bitcoin Miners of Changes in Bitmain’s ASIC Design – Mining Bitcoin News
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...
Bitcoin’s hashrate increase isn’t helping miners in any way, here’s why
Bitcoin miners were found facing some challenges with the rise in the BTC’s hashrate. The number of rigs required to mine Bitcoin increased, however, it caused a decline in miners’ profits. Over the l...
Bitcoin Miners Unfazed By ATH Difficulty As Hashrate Rises
The Bitcoin mining difficulty is currently sitting at all-time high values, but miners seem unfazed as the hashrate has only continued to rise recently. Bitcoin Mining Hashrate Continues Uptrend Despi...
Bitcoin Miners Brace for Another Projected Difficulty Increase as Hashrate Heats Up Amid Market Uncertainty – Mining Bitcoin News
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...
Crypto Miners To Report Emissions Once Bill Pushed Back By US Lawmakers Gets Approved
Crypto miners are now in the crosshairs of US legislators. A crypto mining bill that pushes for transparency on gas emissions data is being pushed back in Congress, courtesy of U.S. Sen. Edward Markey...
Litecoin New Update Not Sufficient To Keep Miners Going – Here’s Why
One of the ways to increase investors’ interest in crypto is network improvement. Developers of cryptocurrencies usually come up with improvement proposals to make the network efficient, accommodating...
U.S. Lawmakers Reintroduce Bill to Force Crypto Miners to Disclose Emissions
“While we’re working together as a nation to face down an existential crisis that puts the health and safety of our people and our planet in jeopardy, crypto miners are sucking megawatt after megawatt...
Bitcoin Miners Signal Bearish Trend: What’s in Store for Cryptocurrency Investors?
As the monthly close ushers in a new week of market movement, Bitcoin continued to strive for a bullish conclusion to February. As the second month of 2023 came to an end, the largest cryptocurrency h...
Bitcoin Miners Are Bullish, Crypto Daily TV 27/2/2023
In Todays Headline TV CryptoDaily News: Solana validators to make second restart attempt. The Solana network’s deep freeze continued during the weekend as validators were preparing a second restart at...
Lawmakers to Resubmit Russia’s Crypto Mining Bill, Introduce Liability for ‘Gray’ Miners – Mining Bitcoin News
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...
Litecoin [LTC] miners turn profits, but is there trouble brewing?
Litecoin’s hash rate and mining difficulty increased significantly over the last month. The network on a whole was at a loss, as indicated by the negative MVRV Ratio. Litecoin [LTC] has been among the...
Montana Senate Passes Bill Protecting Crypto Miners
The legislation also takes power from local governments, preventing them from moving against at-home mining or retroactively using zoning laws to shut down active operations. “These protections,...
Bitcoin Mining Difficulty Reaches All-Time High as Miners Face Second-Largest Increase This Year – Mining Bitcoin News
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 n...
Senate makes move to protect miners – Cryptopolitan
The state of Montana is making progress in securing the rights of cryptocurrency miners in the region. Following the introduction of a new bill, the Montana Senate has moved to ban unfair regulations ...
Montana State Crypto Mining Bill Seeks Protection of Miners
The Senate of US Montana State recently passed a bill on Thursday, February 23. The bill intends to safeguard the crypto mining companies from the potential threat of strict actions against them in th...
Montana State Senate Passes New Bill To Protect Crypto Miner’s Rights
With the crypto industry evolving, several entities still have different views on the ecosystem. While some believe it’s all a scam, some see the great potential and believe the industry has a bright ...
Deep dive into top public BTC miners following 82% YoY increase in hash rate
Ad Bitcoin (BTC) mining from public companies has grown exponentially in recent years, with the hash rate share of the top mining companies increasing from 23.93 EH/s to 56.98 EH/s between Jan. 2022 a...
Mawson Infrastructure Group Inc. Relocating 5,376 ASIC Miners to Pennsylvania Sites
Closes Australian ‘Condong’ Site and redeploying 8 x 2.5 MW Mobile Data Centers for Deployment in Q2, 2023 Strategic decision to focus entirely on the United States and to continue the execution of it...