Billionaire investor Kevin O’Leary revealed in a recent Stansberry Research interview with Daniela Cambone when will the price of Bitcoin appreciate dramatically, and why. The Shark Tank star, also kn...
Tag: Miners
Georgia lawmakers consider giving crypto miners tax exemptions in new bill
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 Jo...
State lawmakers want to attract Bitcoin miners to Illinois
Key Takeaways: With over 20 cryptocurrency ATMs in place to help local users add money from traditional banks into their digital accounts, Chicago has come into its own as a cryptocurrency hub. Illino...
Georgia becomes latest US state to weigh tax incentives for Bitcoin miners
advertisement Legislation filed earlier this week indicates that George is the latest US state to consider potential tax incentives for cryptocurrency miners that operate in the state. Georgia House B...
Bitcoin Miners Don’t Need China, Hash Rate Hits All-Time High
The Bitcoin network has hit an all-time high in terms of hash rate which has now surpassed the highs it had when China dominated for mining and hash power. On-chain metrics for the Bitcoin network hav...
Illinois lawmakers want to attract Bitcoin miners to the state with data center tax incentives
advertisement Legislation moving through the Illinois General Assembly would, if approved, extend a data center tax incentive program to cryptocurrency miners. Illinois Senate Bill 3643 was first fil...
Bitcoin Miners Would Rather Sell-Off Stocks Than BTC
Bitcoin mining has been a profitable venture especially since the price of the digital asset began to surge. But despite the increase in price, miners have continued to choose to hold their coins inst...
Bitcoin Miners Suffer Cash Flow Halving Following 2021 Peak
Data shows the cash flow of Bitcoin miners has halved since the price all-time high set in early November of last year. Bitcoin Miner Cash Flow Halves As Hashrate Makes New ATH And Price Declines As p...
US Treasury exempts crypto miners from IRS reporting rules
Last year, US legislatures were torn between supporting and rejecting the Infrastructure Bill due to its lack of clarity. However, the recent announcement by the US Treasury is a major win for the cry...
Miners Stakers are Not Brokers, Says Treasury Department
The meaning of representative is set to prohibit diggers and stakers The Treasury sent a letter to Senators on Friday to refresh Senators on the advancement of revising the expression representative S...
Monero Supporters Beg XMR Miners to Boycott Mining Pool Capturing 44% of the Network Hashrate – Mining Bitcoin News
Reports indicate that the Monero community is upset about a specific mining pool that currently commands 44% of the network’s hashrate. Supporters are asking mining participants to leave a mining pool...
Treasury Confirms Miners Exempt From IRS Reporting Rules
Key Takeaways Blockchain miners and validators will not be considered “brokers” for crypto tax reporting, the Treasury has confirmed. The Treasury stated that it will exempt “ancilla...
Miners & Stakers are Not Brokers, Says Treasury Department
Miners and stakers in the U.S. would have breathed a collective sigh of relief as the U.S. Treasury exempts them from reporting transaction information to the Internal Revenue Service. The U.S. Treasu...
The IRS’ Reporting Requirements For Brokers Won’t Affect Crypto Miners & Stakers
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. N...
US Treasury reiterates that the IRS won’t consider crypto miners, stakers or coders to be brokers
In a February 11 letter seen by The Block, the Treasury reassured six concerned senators that it did not plan to treat crypto miners, stakers and wallet providers as brokers for tax purposes. “E...
Kazakhstan President Orders Government to Find All Miners and Raise Tax by April – Mining Bitcoin News
President of Kazakhstan Kassym-Jomart Tokayev has instructed authorities to identify all crypto mining enterprises and increase the electricity surcharge they are required to pay. The state is not aga...
Iran Allows Renewable Power Plants to Supply Crypto Miners With Electricity – Coinotizia
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 compa...
CoinList Aims to Reduce Miners’ Capital Costs With Low Collateral Filecoin Loans
The company aims to help new miners lower their upfront cost by providing a FIL borrowing facility that requires collateral of as little as 10% of the total loan value. “By allowing for lower collater...
Valkyrie Bitcoin Miners ETF Managers Bullish on Green Firms as Fund Begins Trading
“We believe that companies that are focusing on more renewable energy sources are going to win in the end,” as alternative energy sources such as hydro-electric, solar and natural gas will be able to ...
Kazakhstan president calls for hefty taxes on crypto miners
Crypto mining activities in Kazakhstan have skyrocketed over the past few months, with the country now ranking as the second-largest Bitcoin miner by network hash rate. The president of Kazakhstan, Ka...
Georgia Becomes an Attractive Area for American Bitcoin Miners (Report)
The State of Georgia might become the next hub for cryptocurrency miners as it provides relatively low electricity prices and a large amount of nuclear and solar power, a new coverage revealed. Furthe...
New tax proposal in Kazakhstan could push crypto miners out
Kazakhstan may soon prove to be a hostile location for crypto miners as the Asian country’s government has proposed a hike in its electricity tariff and taxes for crypto miners. Kazakhstan proposes ha...
Crypto Tax: Kazakhstan Recommends Tax On Cryptocurrency Miners
Kazakhstan’s national grid operator has begun restricting energy to the country’s largest customers, with cryptocurrency mining farms presumably being the target. Officials might be rethinking their r...
Valkyrie Funds Launch the Valkyrie Bitcoin Miners ETF
Valkyrie Funds announced the launch of the Valkyrie Bitcoin Bitcoin Bitcoin is the world’s first digital currency that was created in 2009 by a mysterious entity named Satoshi Nakamoto. As a digit...
Georgia State Becomes next Mining Hub, Bitcoin Miners Enjoy its Green Energy
The exodus of crypto mining operations out of China massively has become a blessing in disguise to the United States, given that it now takes the lion’s share. With billion-dollar mining machines plu...
Kazakhstan proposes power price hikes and taxes targeting crypto miners
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...
Kazakhstan floats 500% tax increase on Bitcoin miners, leading some to eye relocation
Kazakh authorities have floated tighter regulatory conditions for bitcoin miners in recent days — a state of affairs that could spur some operations to leave the country for friendlier shores. As loca...
Russian lawmaker proposes 15% tax on crypto miners
As per local media reports, one of the leading Russian lawmakers has proposed a minimum 15% tax on crypto miners. Vladimir Gutenev, the head of the state Duma industry committee believes that crypto m...
Texas Crypto Miners brings down operations, anticipated Winter storm
Major crypto operations are mostly shutting down as the Winter storm is expected to hit Texas this week. Governor Greg Abbott received a letter from BTC mining firms informing him about ERCOT’s needs....
Failure To Stay Carbon Neutral Will Cost Bitcoin Miners Dearly, Kevin O’Leary Warns
ABC’s Shark Tank star, Kevin O’Leary, has sounded a warning that environmental, social, and governance (ESG) reporting is going to shake up the Bitcoin mining industry. While many key players are curr...