Nations like Russia and Iran may utilize cryptocurrency mining to monetize their energy resources and circumvent sanctions, the International Monetary Fund predicts in a report. Repercussions of the w...
Tag: Mining
Hut 8 reveals plan to become fully focused on in-house mining after deal to buy ASICs
Canada-based crypto mining firm Hut 8 has closed a deal that will see the company become fully focused on self-mining. The publicly-traded company is buying all 960 Whatsminer M31S+ machines from host...
IMF says sanctioned countries could turn to crypto mining activities
The International Monetary Fund (IMF) has warned that Russia could mine Bitcoin and other cryptocurrencies to avoid the Western sanctions. Boosting mining industries in Russia could pave the way for t...
How a Texas Crypto Mining Facility Stayed Under the Radar
A crypto mining facility in Wichita Falls (part of Clay County, Texas) has been active for some time. The funny thing is that nobody seemed to notice it. Texas Is a Big Crypto Mining Haven The mining ...
Hello Pal Resumes Litecoin, Dogecoin Mining in Australia
– Advertisement – Hello Pal Resumes crypto Mining. Hello Pal, a global chat and live streaming platform, announced the commencement of its crypto mining operations in Victoria, Australia...
Why Elon Musk wants Tesla to start mining lithium — Quartz
Individual recruitments at big companies like Tesla don’t ordinarily attract outside attention. But when, in mid-April, an exploration geologist announced on LinkedIn that he’d left Rio Tinto to join ...
Louisiana state Rep. proposes new bill that could favor Bitcoin mining
TL;DR Breakdown The representative from Louisiana State and crypto fanatic Mark Wright has proposed a Bill called “No. 1010,” which may allow for the creation of deregulated industrial energy zones be...
US Rep. introduces bill to deregulate power zones in Louisiana; potential benefits for Bitcoin mining
As more governments and politicians realize the massive opportunities that cryptocurrencies and their mining could bring to their regions, one U.S. State Representative has decided to try and introduc...
Iran to Introduce Additional Penalties for Illegal Crypto Mining
Iranian authorities are tightening their grip on illegal crypto mining in the country in response to the failing power challenges that the nation is facing. As reported by the Tehran Times, subsidised...
Microbt Reveals Latest Bitcoin Mining Rigs — Machines Produce up to 126 TH/s With Custom 5nm Chip Design – Coinotizia
Following Bitmain’s product introduction of two new application-specific integrated circuit (ASIC) bitcoin mining rigs, the mining devices manufacturer Microbt has announced the launch of two new mine...
Microbt Reveals Latest Bitcoin Mining Rigs — Machines Produce up to 126 TH/s With Custom 5nm Chip Design – Mining Bitcoin News
Following Bitmain’s product introduction of two new application-specific integrated circuit (ASIC) bitcoin mining rigs, the mining devices manufacturer Microbt has announced the launch of two new mine...
Greenidge Generation’s Bitcoin Mining Operations in New York Still in Doubt
Greenridge Generation – a power generation and Bitcoin mining company – reportedly faces an “uphill battle” in staying compliant with New York state’s environmental law. The Department of Environmenta...
Iran to stiffen penalties for illegal use of subsidized energy in crypto mining
The Iranian government will increase penalties for the use of subsidized energy in crypto mining. The move marks another step in the tightening of mining regulation in the country that had faced energ...
Illegal Crypto Mining Can Get Miners Arrested, Their Business License Revoked In Iran
Bitcoin and controversy go hand in hand ever since the advent of the crypto asset. Today, Countries around the world are seeking to regulate the booming crypto industry. The authorities in Iran banne...
Today’s Top Ethereum and Bitcoin Mining Devices Continue to Rake in Profits – Coinotizia
As the crypto economy hovers just under $2 trillion in value, application-specific integrated circuit (ASIC) mining devices are making decent profits. While ASIC miners can still mine ethereum, a 1.5 ...
An Nvidia RTX 3090 Mod Could Reportedly Make GPU Crypto Mining More Efficient
A PC gaming electronics researcher made headlines in the PC world this week after finding a way to boost the computational efficiency of the Nvidia RTX 3090 card per kWh. That could save the GPU crypt...
Today’s Top Ethereum and Bitcoin Mining Devices Continue to Rake in Profits – Mining Bitcoin News
As the crypto economy hovers just under $2 trillion in value, application-specific integrated circuit (ASIC) mining devices are making decent profits. While ASIC miners can still mine ethereum, a 1.5 ...
Iran Capital Officials Tack on Harsher Punishments for Illegal Crypto Mining
An official from Iran’s Power Generation, Distribution, and Transmission Company (known under Tavanir) announced that the government would pass new regulations to more harshly punish illegal crypto mi...
Tesla Offers Texas-Based Energy for Mining BTC
Block Stream, Block, and Tesla are all teaming up to mine bitcoin using solar energy in Texas. Texas Continues to Grow Its Mining Space Solar and storage technology is being provided by Tesla. In an i...
Iran to Introduce 3-5 Year Prison Term for Illegal Crypto Mining
Iran is set to introduce increased penalties for illegal crypto miners that use subsidized electricity, a local media outlet reported on Saturday. Under the new regulations, offenders will be handed i...
Bitcoin Price Could Be Linked To Mining Taxes In Kazakhstan
According to a report from a local news media, the Minister of National Economy for Kazakhstan Alibek Kuantyrov wants to bound Bitcoin mining tax to the price of the underlying asset. In that way, the...
Iran To Crack Down On Illegal Crypto Mining
All over the globe, the majority of the countries are working on making rules and regulations regarding Cryptocurrencies. In a bid to eliminate illegal crypto mining, Iran is looking forward to regula...
The mining tax law vacuum
Mining activities are not very popular in Italy and still represent a niche sector. The tax legislation does not yet provide a clear overall picture. What tax obligations are miners subject to in Ita...
RoyalMn – The World’s Most Popular Way to Mining
Place/Date: USA – April 14th, 2022 at 1:38 pm UTC · 3 min read Contact: ALFRED ODISHO YACOUB, Source: RoyalMn RoyalMn is an easy to use cryptocurrency mining application, the platform system can...
Bitcoin Mining Difficulty Drops for the Third Time in 2022, Just Over 100K Blocks to Go Until the Halving – Mining Bitcoin News
Bitcoin miners have received their third break this year as the network’s mining difficulty adjusted downward by 1.26% on April 14 at block height 731,808. Currently, miners have more than 200 exahash...
North Dakota hopes to double the $3B of clean crypto mining in the state
North Dakota government officials rocked to the Bitcoin 2022 conference in Miami to lure cryptocurrency miners into their greener pastures. They came with the promise of the “cleanest crypto on the pl...