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mining

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03 May 23

White House advisers rekindle 30% energy tax on digital mining notion

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied To mitigate the purportedly negative effects of the cryptocurrency mining business on the environment, Joe Biden’s administration has rekindled its support for imposing a 30% digital asset mining energy (DAME) tax on cryptocurrency miners. The announcement was made for the first […]

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01 May 23

Bhutan spends 5% of its GDP on mining bitcoin

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Concealed amidst the grandeur of the Himalayas, Bhutan, the quaint nation, harnesses its plentiful hydroelectric capabilities, comprising 30% of its GDP, to electrify the households of nearly all its 800,000 inhabitants. More interestingly, it spent 5% of its GDP to buy […]

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24 Apr 23

Russia ascends to second place in the global bitcoin mining race

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In a dramatic shift in the global landscape of cryptocurrency mining, Russia has surged ahead to become the world’s second-largest bitcoin (BTC) mining hub, with the US maintaining its position as the leader. This development has significant implications for investors, businesses, […]

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21 Apr 23

Bitcoin mining difficulty hits record high, indicating network resilience

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Bitcoin’s mining difficulty has reached a new all-time high of 48.7T, after a 1.72% increase, according to BTC.com, demonstrating the cryptocurrency network’s resilience and tenacity. Despite the market’s recent volatility, the network’s hashrate hit an all-time high of 348.6 EH/s. This […]

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21 Apr 23

Bitcoin’s fall meets mining milestones

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The turbulence in the crypto market has recently intensified, as bitcoin (BTC) took a nosedive below $28,000, marking a decline of over 9% from its 90-day high of $31,005 on April 14. As of April 20, BTC hovers around $28,044, leaving […]

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19 Apr 23

Arkansas embraces bitcoin mining regulation

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Arkansas has recently passed the Arkansas Data Centers Act of 2023, a bill to regulate bitcoin (BTC) mining within the state. The legislation, now awaiting the governor’s approval, aims to create guidelines for miners, protect them from discriminatory regulations and taxes, […]

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18 Apr 23

Michael Saylor stands up for BTC mining amid criticism

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Michael Saylor, a co-founder of MicroStrategy, responded to a recent article that discussed the amount of power used for bitcoin mining. According to Saylor, the fact that bitcoin miners don’t contribute to pollution means that a significant number of American households […]

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14 Apr 23

Arizona governor Katie Hobbs vetoes crypto mining and tax bills

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Governor of Arizona Katie Hobbs has vetoed the blockchain technology tax fee prohibition bill SB 1236 introduced by senator Wendy Rogers because the legislation will hamper policymaking regarding the state’s web3 space. Governor Katie Hobbs of Arizona has vetoed bill SB […]

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07 Apr 23

DCG’s mining subsidiary to introduce access fees

Bitcoin (BTC) mining pool Foundry USA has reportedly notified its users of its plans to introduce service access fees. Its parent firm, Digital Currency Group, is one of the entities hit hard by Sam Bankman-Fried’s FTX collapse. Foundry USA, a leading New York-based bitcoin mining pool from the stables of the Digital Currency Group, has […]

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01 Apr 23

F2Pool mining pool produced an invalid bitcoin block, BitMEX Research reveals

BitMEX, a crypto derivatives exchange, pointed out that F2Pool, a bitcoin mining pool, produced an invalid block at height 783426 on April 1, 2023. However, they did not state why and are still investigating the matter. F2pool seems to have produced an invalid Bitcoin block today, at height 783426. The hash for the invalid block […]

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