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bitcoin mining rigs

15 Apr 23

Sweden to eliminate incentives for bitcoin miners, raising electricity tax by 6,000%

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Sweden is doing away with tax incentives for data centers come July 2023. This decision could affect bitcoin (BTC) miners who had turned to the Nordic country to increase their profitability. Sweden is eliminating tax incentives for bitcoin miners Sweden has […]

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10 Mar 23

US authorities to impose 30% electricity tax on crypto mining

The President Joe Biden administration has proposed imposing a 30% electricity tax on crypto mining operations in the United States. The move is attracting severe criticism from industry players. Despite the unfavorable market conditions and FUD that have plagued the web3 space since last year, the President Joe Biden regime is set to introduce a […]

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24 Feb 23

US school employee charged for mining crypto with stolen electricity

A former assistant facilities director at Cohasset High School in Massachusetts, Nadeam Nahas, is facing accusations of running a cryptocurrency mining operation within a crawlspace at the school. Nahas was scheduled to appear for arraignment at Quincy District Court on Feb. 23. However, he did not appear in court or follow the order, resulting in […]

25 Dec 22

Thai police raids crypto mining farm that stole $30K worth of electricity

The police in Nang Rong have discovered a two-story building used for crypto mining. The farm stole over $30,000 worth of electricity in the last nine months. The police unit of the southwestern Thai district Nang Rong was alerted that a significant amount of electricity was stolen directly through electric cables linked to the building. […]

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