Crypto asset management firm Valkyrie will have a new exchange-traded fund (ETF) listed on the Nasdaq this week. The stock exchange will be listing Valkyrie’s new ‘Bitcoin Mining ETF,’ an investment v...
Tag: Mining
Jumaane Williams: New York Should Not Engage in Crypto Mining
Jumaane Williams – a democratic gubernatorial candidate that’s seeking office in New York – says he wants to end a lot of the crypto mining that’s occurring in the Big Apple. While he’s not against cr...
A Look at When Bitcoin’s Price Crashed Below the Cost of Production – Mining Bitcoin News
Over the last 30 days, Bitcoin’s hashrate has been coasting along at the highest levels ever recorded during the network’s lifetime. Bitcoin’s price improved recently but it is still down 38% from the...
Electricity Consumption Spikes in Irkutsk as More Russians Start Mining Cryptocurrency – Mining Bitcoin News
Electricity suppliers in the Russian region of Irkutsk have registered a surge in power consumption in residential areas which they are blaming on cryptocurrency mining. Planes with mining equipment f...
Argo Blockchain’s BTC Mining Revenue Drops to £5.26M in January
Argo Blockchain (LSE: ARB; NASDAQ: ARBK), a cryptocurrency mining company listed in London and New York, released an operational update on Monday, revealing that it has mined 172 Bitcoin or ‘Bitcoin E...
Crypto mining to be considered a business in Russia
Crypto mining will be considered a business as proposed by Russian Chamber of Commerce It is still a gray zone for many users and investors as legalization is still far away Russia has not been prop...
Fears of possible ban have reduced demand for crypto mining equipment in Russia
Crypto mining equipment in Russia currently has low demand Fears of possible ban on crypto and mining might have caused this effect Number of ads for sale of mining equipment hasa increased consider...
Russians Mining Crypto to Pay at Least 15% Tax, Companies – No Less Than 6%, Lawmaker Says – Mining Bitcoin News
Private individuals mining cryptocurrency may expect a higher tax burden than businesses involved in the industry, a high-ranking member of the Russian parliament has indicated. While the extraction o...
Tax season: does the IRS know if you trade crypto? Is your NFT sale or mining income taxable?
Hello! Welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’m Frances Yue, crypto reporter at MarketWatch. It is tax season in the U.S., and I’ll ...
A Mining Rig That Boasts 440 TH/s? Miners Question the Legitimacy of New Bitcoin Mining Device – Mining Bitcoin News
The cryptocurrency community has been discussing a newly announced bitcoin miner called the Numiner NM440 that claims to produce speeds of up to 440 terahash per second (TH/s). Furthermore, a publicly...
Demand for Cryptocurrency Mining Equipment in Russia Grows 1.5 Times Amidst Regulatory Pressure
Feb 05, 2022 at 12:12 // News Although the Russian government has a rather ambivalent attitude towards the cryptocurrency industry in general, citizens seem to be attracted by the benefits it offers. ...
Bitcoin (BTC) Mining: Is It Still Profitable?
Despite price challenges and a surge in regulations around Bitcoin mining, the BTC hash rate is making new records every week. In January 2022, the mean hash rate breached the level of 183 Exahash, th...
Russian Association of Power Suppliers Proposes Measures to Prevent Home Mining – Mining Bitcoin News
The industry organization of Russian energy suppliers has come up with ideas on how to combat cryptocurrency mining in homes, basements and garages. The association believes the phenomenon is the main...
Here’s why Thailand has all the right spices for crypto deals, mining & ventures
Business partnerships and ventures are important in crypto as they indicate where and when major moves might take place in the near future. That said, several signs are pointing to one particular loca...
A Checklist of Everything You Need to Start Mining Monero
Monero or XMR is one of the more well-known privacy coins in the world of cryptocurrency. The coinage’s root can be traced to a white paper published in 2013 by a person or group only known as Nicolas...
Bitcoin Mining Difficulty Breaks Through New ATH, Creating Better Conditions for Market Retrace
Arman Shirinyan As mining difficulty rises, the market may have a chance to get back on its feet Contents New highs in difficulty How could high difficulty affect the market? The difficulty of Bitcoin...
Russia’s Head Of Chamber Calls For Bitcoin Mining To Be Recognized As Business
The government of Russia is coming under more pressure to make more friendly regulations for crypto in the country. A letter sent to Russia’s finance minister by Sergey Katyrin, the head of the Chambe...
Russian market runs shortage of mining equipment amidst crypto ban fears
TL;DR Breakdown Russian market runs shortage of mining equipment amid government alarm on crypto bans Supply fails to meet the demand for mining cryptocurrency chips Crypto miners forced to pay higher...
Profitability makes crypto mining more expensive in Argentina
China’s crackdown on mining has led miners to search for other countries to continue their operations. Promises of reduced costs led some to Argentina. However, the country’s government has now applie...
Best GPU For Mining In 2022
If you are asking which GPU does the best job at mining, you are not alone. This is a common question today in the crypto space, especially among crypto miners. When choosing and gathering one’s gea...
Argentinian Government Raises Energy Costs Almost 4x for Cryptocurrency Miners – Mining Bitcoin News
The Energy Secretary of Argentina eliminated power subsidies for cryptocurrency miners, raising the cost of energy to almost 4x what the miners were paying before. The measure affects customers of the...
Demand for Mining Equipment Drops in Russia Amid Fears of Possible Ban, Report – Mining Bitcoin News
Platforms listing ads for mining hardware have been registering declining demand since Bank of Russia’s call for a ban on the minting of digital currencies among other crypto activities. While mining ...
South Korean Crypto Exchanges Face a Surge in Complaints, People Turning to Home Mining
There has been a massive spike in the number of complaints against South Korea’s four biggest crypto exchanges last year. However, citizens are adopting crypto in a big way. Crypto mining is also on t...
Russian Chamber of Commerce Asks Crypto Mining to Be Recognized as a Business
The head of Russia’s Chamber of Commerce has sent a letter to the country’s Finance Minister. In it, he called for crypto mining to be recognized as a business and for studies of cryptocurrencies as a...
The Battle to Change How the IRS Taxes Mining and Staking
Two Tezos stakers sued the IRS to get back taxes paid on property they say they created through staking. The IRS offered to pay them back but didn’t commit to clear policy guidance. The stakers will n...
Miami Has Earned $5 Million Through Mining CityCoins
Key Takeaways Miami mayor Francis Suarez announced today that the city has received its first payout from CityCoins. The first payment amounted to $5.25 million of cryptocurrency; another $15.9 millio...
Kazakhstan Extends Power Cuts for Cryptocurrency Miners – Mining Bitcoin News
Crypto farms in Kazakhstan will remain unplugged until Feb. 7, as the local utility has extended power cuts for miners. The company points to ongoing difficulties with electricity supply as the main r...
Hut 8 Mining Corp Announces January 2022 Bitcoin Production
Hut 8 Mining Corp, a Canadian digital currency firm, today announced the mining production results for the month of January 2022. The blockchain firm said that it mined 308 Bitcoins for the month at a...
New York Seeks to Pause Its Crypto Mining Sector
New York offers many shuttered coal plants and cheap energy. This makes it a top spot for miners and anyone looking to set up crypto extraction businesses. However, there are many environmentalists ou...
Bitcoin mining emits 0.08% of global CO2
Bitcoin mining would only emit 0.08% of the CO2 emitted globally by human activities into the atmosphere. This is the finding of a recent research by CoinShares, which ended with a report titled “The...