Uzbekistan Enforces Solar Crypto Mining With Added Tax Incentives

According to reports, Uzbekistan’s government has officially approved crypto mining activities. However, crypto mining companies will only be permitted to operate using renewable energy sources such as solar power. Cryptocurrency Mining To Be Conducted Using Only Solar Power Uzbekistan has just legalized crypto mining, but only under one strict condition: all mining firms and facilities … Read more

Kazakhstan Power Consumption Report Compulsory For Crypto Miners

As part of Kazakhstan’s efforts to reduce power use, cryptocurrency mining businesses will be obliged to provide detailed details about their activities. Kazakhstan Introduces Stringent Rules For Crypto Miners  According to a recent report, the government of Kazakhstan has established new reporting criteria for crypto mining companies to understand the impact of the sector’s energy … 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

Fort Worth, First City In The U.S. To Mine BTC

On Tuesday, the council officials in Fort Worth unanimously authorized a trial program using three S9 BTC mining equipment that would work 24 hours every day and throughout the week. As stated by Mayor of Fort Worth, Mattie Parker, the equipment was supplied by the Blockchain Council of Texas. The Mayor noted that; “This is … Read more

U.S. Treasury Department Sanctions Russia’s Cryptocurrency Mining Operation

As part of strong measures against seven Russian business giants, the White House barred 19 billionaires and their families from entering the country on Thursday. Also, the sanction mentioned seven crypto companies operating in Russia. U.S. Sanctions Bitriver And Other Crypto Miners For Operating In Russia Following a press release, the United States Treasury Department … Read more

How BTC Mining Profitability May Signal Capitulation

Several variables might affect the efficiency of BTC mining, and these variables have just begun to exert pressure on mining profitability. To make money, miners have to do more work, and the valuation of the cryptocurrency keeps going up, so they don’t make much money from it. Miners need to think about the future from … Read more

U.S. Representative Introduces Bill To Privatize Louisiana’s Mining Power Zones

As more government agencies become aware of the numerous potential that cryptocurrency mining could offer to their respective regions, a member of the United States House of Representatives has attempted to bring these economic benefits to Louisiana. Wright Presents Bill To Establish Energy Zones For Crypto Miners Mark Wright, a crypto enthusiast and Rep. for … Read more

Argentinian Community Invests In Cryptocurrency Mining To Combat Inflation And Repair Infrastructure

A community in Argentina has chosen to invest in the crypto industry by going into mining cryptocurrency. The primary purpose of this decision is that it plans to use the revenue generated from the mining to upgrade its infrastructure and combat inflation. The city of Sorradino, located in the Santa Fe Province in Argentina, might … Read more

Kazakhstan: Bitcoin Miners To Pay Tax Based On The Value Of Bitcoin

When the price of Bitcoin rises, it is a welcome development. However, this is terrible news for BTC miners operating in Kazakhstan, as it increases taxation. Kazakhstan was formerly considered a desirable destination for crypto miners when the Chinese government banned all Bitcoin mining activities. However, the country appears to be planning new tariffs that … Read more

BTC Mining Competition Continues To Grow Despite Decline In On-Chain Activity

Although the number of transactions and charges on the BTC blockchain network is decreasing, mining Bitcoin has grown more complex than before. As per blockchain analytics service, Glassnode, Bitcoin’s increasing hash power is in contrast with the cryptocurrency’s bearish market-level trading volumes. No Increase In BTC Users The firm’s weekly on-chain report looked into investors’ … Read more