Bitcoin mining stocks tracked by The Block were higher on Tuesday, with 15 gaining and the other four declining. Bitcoin rose 3.3% to $25,152 by market close. © 2023 The Block Crypto, Inc....
Tag: Mining
Egyptian Police Arrest 29 Alleged Masterminds of Crypto Mining App Scam – Regulation Bitcoin News
The Egyptian police are reported to have recently arrested 29 individuals associated with the Hoggpool cryptocurrency mining app scam. In addition to seizing 95 mobile phones and 3,367 SIM cards, the ...
The Block: Bitcoin mining report: March 13
Bitcoin mining stocks tracked by The Block were mostly higher on Monday, with 18 gaining and one declining. Bitcoin rose 15.1% to $24,230 by market close. © 2023 The Block Crypto, Inc. All...
Ault Alliance Subsidiary Achieves Bitcoin Mining Production Milestone of 1,000 Bitcoin Mined to Date at Its Michigan Data Center
LAS VEGAS–(BUSINESS WIRE)–$AP #1000_Bitcoin_Mined—Ault Alliance, Inc. (NYSE American: AULT), a diversified holding company (“Ault Alliance” or the “Company”) is pleased to announce a significant miles...
10 Biggest Silver Mining Companies
Silver mining companies are engaged in the exploration, development, and production of silver. Many companies in the silver mining industry also mine for other metals, such as gold, palladium, lead, a...
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 ...
Best GPUs for Crypto Mining in 2023
Cryptocurrency mining has become a popular way for individuals to earn passive income by using their computing power to solve complex mathematical equations to verify transactions on a blockchain. In ...
Joe Biden’s government proposes 30% crypto mining tax
President Joe Biden has proposed an excise tax on cryptocurrency mining companies that is 30% of the cost of the power they use. Biden’s Fiscal Year 2024 budget included a proposal to implement wash s...
The Energy Transition Will Transform The Mining Industry.
But how might transition metals markets cope? Authored by Robin Griffin, Anthony Knutson and Oliver Heathman in Wood Mackenzie’s metals & mining team. By 2050 the energy transition could see...
U.S Treasury To Impose 30% Tax On Crypto Mining Operations
On Thursday, March 9, U.S. President Biden revealed his budget proposal for 2024. Under the Biden Budget, the U.S. Treasury Department is looking to introduce a 30% excise tax on crypto mining operati...
U.S President Proposes 30% Tax on Electricity Used For Crypto Mining
6 seconds ago | 2 mins read Bitcoin News Biden has proposed a 30% tax on all power used to mine cryptocurrencies. The goal of this plan is to decrease mining activities, as stated by the government. U...
Russian Crypto Mining Bill Says Report Earnings or Face Jail Time
A new Russian crypto mining law mandates that miners declare their earnings or face jail time and forced labor. Meanwhile, the country has subsidized a mining facility in Siberia. Russia’s government ...
‘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...
U.S. Treasury Department Proposes 30% Excise Tax on Crypto Mining Firms
“The increase in energy consumption attributable to the growth of digital asset mining has negative environmental effects and can have environmental justice implications as well as increase energy pri...
Canaan (CAN) Q4 revenue Down by 82%: Can Mining Rig Maker Recoup?
Canaan revealed an 82% revenue drop in the Q4 report. Its shares dropped by 3.83% on Wednesday. The Beijing-based crypto mining rig maker, and a leading high-performance computing solutions provider, ...
Biden budget proposes 30% tax on crypto mining electricity usage
A phased-in 30% tax on cryptocurrency mining electricity costs has been proposed by United States president Joe Biden in his administration’s 2024 fiscal year budget. A Department of the Treasur...
Hut 8 Boasts $60M in 2022 Mining Profit
Nasdaq-listed Canadian mining outfit Hut 8 Mining Corp has reported a 19.6% drop in year-on-year digital asset revenue in 2022 despite mining 28% more Bitcoin (BTC). The firm, which recently announced...
Satoshi AI: The Super AI Bounds To Revolutionize Cryptocurrency Mining
The real OGs of Bitcoin came out with a groundbreaking solution in making crypto mining smarter and more sustainable by introducing the world’s very first DeFi Mining AI. After seven years of research...
Jack Dorsey’s Block Unveils Plans for Its DIY Bitcoin Mining Development Kit
The MDK would be useful for integrating Bitcoin mining into multiple use cases such as heating solutions, off-grid mining, home mining, or intermittent power applications Jack Dorsey‘s Block Inc has b...
Bitcoin mining report: March 8
Bitcoin mining stocks tracked by The Block were mixed on Wednesday, with eight gaining and the other 10 declining. Bitcoin fell 0.3% to $21,992 by market close. Here is a look at how the individual mi...
Missouri Moves Closer to Legally Protecting Crypto Mining
In a win for crypto miners, a bill to protect home and corporate mining operations has passed its committee vote and moves forward in the Missouri state government. The “Digital Asset Mining Pro...
Bitcoin Mining Becomes More Accessible with DIY Kit
Bitcoin mining has become increasingly expensive and inaccessible for many people who are interested in getting started. So, Jack Dorsey, CEO of Block, Inc., has come up with an innovative solution. H...
Environmental Impact of Bitcoin Mining ‘Deserves the Spotlight’: US Senator Markey
U.S. Senators are again taking a closer look at Bitcoin mining. Senator Ed Markey (D-Massachusetts) chaired a session of the Committee on Environment and Public Works yesterday, focusing on the energy...
Senator Lummis questions government’s role in regulating energy use in crypto mining
Ad In a March 7 Senate hearing committee on cryptocurrency and the environment, Senator Cynthia Lummis (R – Wyoming) emphasized that energy efficiency standards must not be utilized to target particul...
Jack Dorsey’s Block seeks feedback on its bitcoin mining kit
Jack Dorsey’s Block is calling on members of the public to give feedback concerning the features they want in its open-source silicon-based bitcoin (BTC) mining hardware system under development. Nea...
Despite 82% drop in quarterly revenue, Bitcoin mining hardware manufacturer Canaan remains optimistic
Ad Canaan, a Chinese manufacturer of application-specific integrated circuit (ASIC) mining machines for Bitcoin, reported an 82% drop in revenue in Q4 2022, according to a filing with the United State...
Jack Dorsey’s payments company Block seeks input on mining kit
Ad Jack Dorsey’s Block, Inc. has announced that it is seeking input on an ongoing Bitcoin mining project, as seen in a blog post from the company on March 7. Block Inc. announces MDK Naoise Irwin, Sen...
Jack Dorsey’s Block Reveals Plans for Bitcoin ‘Mining Development Kit’
Block, Inc. thinks it and developers can build better Bitcoin mining rigs. That’s why it’s considering building a “Mining Development Kit,” or MDK, it said on Tuesday. The company hopes it...
TeraWulf Kickstarts Bitcoin Mining at Nautilus Cryptomine Facility with 8,000 Rigs
TeraWulf is currently on an aggressive expansion and is planning to have a total operational capacity of 50,000 miners (5.5 EH/s) in early Q2 2023, which is nearly 160MW of power demand. US-based Bitc...