Kazakhstan Gets $1.5M From Fees On Crypto Mining In Q1 2022

In recent news, the Kazakhstani government has raised $1.5M (652M Kazakhstani tenges) in Q1 2022. This revenue is from the fees it imposed on cryptocurrency miners in 2022. Despite the opposition to a tax on crypto mining in April, the country has made some revenue. The report states, “The fee depends on the amount of … Read more

Crypto Miners Use 2% Of Power Consumption In Russia

According to a government report by Russia, crypto miners use over 2% of power consumption. Hence, officials are calling for a regulation of the sector. Crypto Miners Use More Electricity Compared To Agriculture According to the latest report, miners in Russia consume more power than farmers. Currently, crypto miners use over 2% of total electricity … Read more

China Re-emerges As 2nd BTC Mining Hub Even After Ban On Crypto

The Chinese government’s mandate to ban crypto operations seems to have been ineffective. This is coming after a recent report stated that China was part of the world’s first three largest Bitcoin mining centers. Are BTC Miners Secretly Mining In China? According to the latest news from CBEC (Cambridge Bitcoin Electricity Consumption Index), China has … Read more

Stronghold Mining Release Q1 Report Amid Ongoing Debate On Coal-Powered Mining

Stronghold Digital Mining, situated in Pennsylvania, has recorded first-quarter sales of $28.7 million. This comes when more attention is being directed against the revival of coal plants for crypto mining operations. The company’s modified net loss for each share of $0.66 was more than the average expectation of $0.08, which meant that it significantly outperformed … Read more

United States Mining Stock Drop By 50% Despite Increase In Hashrate

The CCAF (Cambridge Center for Alternative Finance), a financial research institute connected with Cambridge University, discovered that Bitcoin’s hash rate increased by 4%, from 35% in August to 39%.  US Crypto Mining Firms Record Drop In Share Value Despite this, mining companies’ share values have been falling over the last month with the falling price … Read more

Norwegian Parliament Rejects Proposed Ban On BTC Mining

On the 10th of May, 2022, the Norwegian parliament cast a vote rejecting a proposal to outlaw the mining of bitcoins inside the nation. Cryptocurrency miners received some welcome relief as a result of the positive development. At the beginning of March 2022, the Red Party, the communist party in Norway, made the first recommendation … Read more

Crypto Miners Move To Ethereum As Difficulty Of Bitcoin Mining Hits 5%

The difficulty of mining BTC has hit an all-time high, further reducing the already slim profit margins enjoyed by Bitcoin miners. The new trend may have a devastating impact on cryptocurrency miners. BTC miners may be in for a rough ride as the price continues its downward trend. According to information provided by btc.com, a … Read more

April Revenue Generated By ETH Miners Surpasses That Of BTC By $224M

For four consecutive months in a row in 2022, revenue from Ethereum mining has topped that of Bitcoin mining. In April 2022, mining income for both virtual currencies decreased year after year. While  Ethereum reached a revenue of $1.39B in April, Bitcoin only achieved $1.16B in revenue. In April, ETH Miner Revenue Exceeded BTC by … Read more

Tesla May Start Accepting BTC As Bitcoin Mining Council Release Report

A recent report by the Bitcoin Mining Council has confirmed that over 58.4% of BTC mining is powered by a “sustainable energy mix.”Meanwhile, Tesla CEO, Elon Musk, commented that his company would begin accepting BTC when green energy consumption by miners becomes at least 50%.  Tesla CEO And The Bitcoin Mining Council Musk participated in … Read more

U.S. Lawmakers Urge EPA To Assess Environmental Nature Of Crypto Mining

Government officials worldwide, and those in America, have expressed concern about the environmental effect of crypto mining. Recently, several lawmakers sent a letter on the subject to the nation’s environmental agency to look into the issue. A team of 23 United States lawmakers, led by Jared Huffman, has requested that the United States Environmental Protection … Read more