A new draft law superseded an old bill with a 1-year tax and customs amnesty for Russian BTC miners. They revoked the tax benefit because it would have hurt the state budget. Russian Lawmakers Submit Amended Crypto Mining Regulations Without Miner Amnesty The State Duma in Russia has received yet another piece of legislation. It’s … Read more
Quantum Blockchain has introduced a new BTC mining algorithm. It will improve the energy efficiency and speed of the present crypto mining gear. As per the business, it has now moved on to live tests of BTC mining. It will use the usual version of the SHA-256 algorithm. Quantum wants to gather real-time data to … Read more
Bit Digital, a cryptocurrency mining company with its headquarters in New York, had issues with mining last week. This occurred after two of its hosting partners stopped their mining operations. Over 4,800 machines seized operations after the power outage in two locations. Explosion Destroys Two Crypto Mining Substations An “explosion and ensuing fire” caused damage … Read more
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
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
There have been various events since the crash of the Terra blockchain last week. The latest is that a group of South Korean Terra holders has taken legal action against Terra founder, Do Kwon, following the Terra network crash. Kwon Faces Legal Action Over Terra Network Crash Some local media outlets have reported that those … Read more
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
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
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
The regulatory watchdog of the United States has stated that it has settled with Nvidia over “inadequate disclosures” of proceeds from crypto mining. Nvidia is a firm that makes graphics cards used by several crypto miners, On the 6th of May, the agency stated that Nvidia refused to report that cryptocurrency mining accounted for “a … Read more
