Bitcoin mining Archives

Simple Math Says Russia Could Collect Up To $13B In Crypto Tax Each Year

February 8, 2022

The analytic note mentioned that the estimates are purely an overview and based on a basic tax slab of 6%, which would be quite different once regulations are set in place. The Russian government is expected...

Kazakhstan Proposes Power Price Hikes And Taxes Targeting Crypto Miners

February 8, 2022

The Kazakh government is considering a three-pronged proposal designed to make crypto miners pay much more for operating in the country, which could make Kazakhstan less attractive to the industry. On Feb. 4...

Vitalik Buterin: Crypto Is In A Bubble, Bitcoin May Get ‘Left Behind’ Due To Its Power Usage

May 21, 2021

Vitalik Buterin thinks crypto is in a bubble, but doesn’t have a prediction of when it will pop and he believes there is a “possibility” Ethereum will overtake Bitcoin in the future. Ethereum founder Vitalik...

Bitcoin Mining Becoming More Environmentally Friendly, Says Shark Tank’s Kevin O’Leary

May 1, 2021

Canadian businessman Kevin O’Leary (aka “Mr. Wonderful” on ABC TV series “Shark Tank“) recently compared gold mining and Bitcoin mining, and said that the latter is showing signs of becoming more environmenta...

Bitcoin Mining Firm Stock Prices Have Outperformed BTC by 455% in 12 Months

March 22, 2021

The stock prices of the top publicly-listed Bitcoin mining firms in the US have outperformed Bitcoin (BTC) by an average of 455%, according to Fundstrat Vice President of digital asset strategy, Leeor Shimr...

Bitcoin Price Will Hit $50,000 Soon, Popular Analyst Suggests

February 9, 2021

A popular analyst has suggested that bitcoin is showing signs it will continue its uptrend to reach a new record high above $50,000, based on technical indicators including moving averages and candlestick pat...

Abkhazia Lifts Two-Year Ban On Bitcoin Mining, Moves To Regulate The Sector

October 4, 2020

Abkhazia, the self-governing but disputed territory of just 245,000 people sandwiched between Russia and Georgia, has lifted its two-year ban on cryptocurrency mining. The ban came into effect in December 201...

Illegal Bitcoin Mining Cost Russia $6.6 Million in 3 Years

June 8, 2020

Illegal cryptocurrency mining facilities in Russia have stolen electricity worth almost 450 million rubles ($6.6 million) over the past three years, according to the state-owned power grid Rosseti. The figur...

Local Chinese Authority Seeks to Curb Bitcoin Mining

May 22, 2020

Chinese local government of Sichuan province has turned hostile towards the booming Bitcoin mining operations and issued a notice proposing a ban on the sector. The notice has been issued by the financial ad...

FTX Launches Bitcoin Hashrate Futures

May 15, 2020

FTX, a Binance-backed crypto derivatives platform, is now offering futures contracts for Bitcoin hashrate, enabling miners to hedge on the mining difficulty. The launch came nine months after the derivatives...