According to reports, Russia’s Bitcoin mining in 2023 brought 54,000 new Bitcoin (BTC) into circulation, generating a tax revenue of $556 million for the government. The country is expected to…
Browsing: Crypto mining
Russia’s State Duma has moved the crypto mining bill to a vote scheduled for July 25th. The bill will restrict crypto circulation and only allow registered miners and central bank-approved…
Ethiopia gears up to kickstart its $250 million data mining project. Following the approval of mining activities, Ethiopia is spearheading Bitcoin mining on a continental scale. The Ethiopian government is…
Iceland, despite its population sitting at 370,000, has become the country with the largest hash rate producer per capita. However, Iceland’s electricity is getting scarce and miners are raising concerns. …
Miners operating in Uzbekistan will have to set up their own solar plants to power their crypto mining operations. Uzbekistan will also offer some key taxation benefits against setting up…
President Biden’s administration is developing recommendations to reduce energy consumption and emissions from cryptocurrency mining. The White House Office of Science and Technology Policy (OSTP) intends to release a report…
Reports from the Economic Daily media in China show that China is planning increased regulation of the stablecoin sector. Chinese communist party wants uniform crypto regulations globally. The economic daily…
The bill puts a two-year ban on crypto mining operations that use carbon-based fuel to mine PoW cryptocurrencies. The bill has received support from lawmakers with 95 voting in favor…
Russia and Ukraine are reportedly at the brink of war – an event analysts say will make significant strikes at the crypto market. Digital currencies like Bitcoin have been pivotal…
In May 2021 China cracked down on crypto mining to stop it for good– in vain, since domestic miners are still finding ways to go on with their business. About…
The cloud mining industry brings a lot of offers to users who want to be involved in the cryptocurrency space. Best cloud mining providers allow people to join the high-profitable…
Russian officials seek to follow in the same trend as the U.S with a new crypto mining project. The deputy minister of Industry and Trade has filed a proposal to…
North America is now ranked as the second-largest cryptocurrency market in the world, with an18.4 percent of global transactions after Europe’s 25 percent. China gave up its crypto market and…
Belarus President Alexander Lukashenko called for cryptocurrency mining in the country noting it has enough electricity. The president said the endeavour is more rewarding compared to low-ranking farming jobs overseas.…
Ukraine Security Service (SBU) has uncovered a crypto mining facility that’s been stealing electricity to power its operation. Since the time of operation, electricity worth $186,200 to $259,300 was stolen…
The device can mine a majority of cryptocurrencies including Ethereum and Ravencoin. It has been designed to turn methane produced by the decomposing cow manure into electricity. Bitcoin has witnessed…