Category: Mining

Kentucky bill to provide tax breaks for local crypto miners

March 3, 2021

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Kentucky needs to attract more crypto mining businesses by offering tax breaks, local lawmakers believe. 8374 Total views 36 Total shares Lawmakers in Kentucky are looking to impose tax breaks for local cryptocurrency miners. Kentucky lawmakers on Tuesday approved several state tax breaks including House Bill 230, which would remove the sales tax from electricity […]

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China’s Inner Mongolia to shut down crypto mining farms by April

March 1, 2021

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Inner Mongolia drew the ire of Beijing after failing to meet energy efficiency goals. 4796 Total views 21 Total shares Authorities of the Chinese autonomous region of Inner Mongolia have proposed closing down all local cryptocurrency mining facilities to reduce energy consumption in the region. The Inner Mongolia National Development and Reform Commission, or NDRC, […]

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Belarusian government explores potential move into crypto mining

February 26, 2021

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The Ministry of Energy of the Republic of Belarus has launched an investigation into the potential pros and cons of crypto mining. 5459 Total views 26 Total shares The Belarus state is studying the cryptocurrency industry for a potential move into mining digital coins like Bitcoin (BTC). The Ministry of Energy of the Republic of […]

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Chinese lottery service 500.com acquires Bitcoin mining pool BTC.com

February 16, 2021

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Chinese sports lottery service 500.com has entered a share exchange agreement to acquire major Bitcoin mining pool BTC.com. 6128 Total views 18 Total shares Chinese sports lottery service 500.com has acquired a major Bitcoin (BTC) mining pool, BTC.com. 500.com has entered into a share exchange agreement with Blockchain Alliance Technologies Holding Company in the Cayman […]

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Baidu reportedly aims to address chip shortage plaguing gaming, crypto and cars

February 10, 2021

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Baidu is reportedly planning to commercialize its chip technology by setting up a dedicated subsidiary backed by crypto-friendly venture capital firms. 9712 Total views 19 Total shares A global chip shortage is affecting various sectors of industry from gaming to automotive and cryptocurrency mining. Amid Bitcoin’s (BTC) ongoing bull run, the crypto mining industry became […]

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The institutionalization of BTC: Mining may be more profitable than buying

February 6, 2021

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For years, institutional investors have been watching Bitcoin from afar with bewilderment and amusement, but with little to no participation. Although they were attracted by the high returns, they were scared away by Bitcoin’s infancy, lack of rules and the myriad headlines warning of hacks, bankruptcies and scams. In its early years, Bitcoin (BTC) lacked […]

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Hackers Are Trying to Mine Crypto Using Russian Government Servers, Expert Says

February 5, 2021

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Hackers have been mining crypto on government servers in Russia, including defense contractors and medical centers, expert says. (Minerva Studio/Shutterstock) Feb 5, 2021 at 6:21 p.m. UTC Hackers Are Trying to Mine Crypto Using Russian Government Servers, Expert Says Hackers are increasingly attacking Russia’s government IT infrastructure to mine crypto, a law enforcement-affiliated expert said […]

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Surge in Bitcoin energy consumption sparks debate in crypto community

February 5, 2021

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Bitcoin energy consumption has been at its highest historical levels since late 2020, according to Digiconomist’s Bitcoin Energy Consumption Index. 5437 Total views 24 Total shares The recent surge of Bitcoin (BTC) price has driven notable growth in the amount of electricity consumed by Bitcoin miners, spurring another wave of argument in the community over […]

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Ethereum Miners Earned Record $830M in January

February 2, 2021

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Miner revenue jumped over 120% from the previous month. (Shutterstock) Feb 2, 2021 at 4:15 p.m. UTC Ethereum Miners Earned Record $830M in January Ethereum miners earned a record $830 million in January as network activity, fees and ether’s price all surged.  Monthly revenue has not reached this level since the previous record from January […]

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Analyst: Chinese New Year could drive Bitcoin selling pressure

January 28, 2021

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Stack Funds’ analysis suggests that Bitcoin’s floor price has yet to be found as the Chinese New Year approaches. 7961 Total views 36 Total shares The upcoming Chinese New Year holidays on Feb. 12 could have an indirect impact on the Bitcoin (BTC) price and drive sell-offs on the market, according to a recent analysis.  […]

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