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Tag: crypto mining

Kazakhstan Mulls Fivefold Increase of Electricity Tax on Crypto Mining

February 9, 2022 wp-bot Bitcoin News

Authorities in Kazakhstan are discussing new regulations for the country’s crypto space that may lead to a serious increase in the tax burden on the

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Environmental Debate: New York Crypto Mining Plant Permit Delayed

February 8, 2022 wp-bot News BTC

The New York State Department of Environmental Conservation (NYSDEC) has delayed its decision whether it will allow crypto mining firm Greenidge Generation to continue to

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The Miner Capitulation Number: A Look at When Bitcoin’s Price Crashed Below the Cost of Production

February 7, 2022 wp-bot 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

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Electricity Consumption Spikes in Irkutsk as More Russians Start Mining Cryptocurrency

February 7, 2022 wp-bot 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.

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Russians Mining Crypto to Pay at Least 15% Tax, Companies – No Less Than 6%, Lawmaker Says

February 6, 2022 wp-bot 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.

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Russian Association of Power Suppliers Proposes Measures to Prevent Home Mining

February 5, 2022 wp-bot 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

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