[May 6, 2023 2:36 PM] Crypto miners paid millions of dollars in energy fees last year following the regulation of the fiscal burden of mining activities.
[May 6, 2023 6:00 AM] The article below is an excerpt from a recent edition of Bitcoin Magazine PRO, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox…
[May 5, 2023 5:30 PM] The government of Kazakhstan has collected over $7 million in taxes this and last year from enterprises mining cryptocurrency in the country. The news comes amid growing regulatory pressure that is limiting the industry’s access to low-cost energy…
[May 5, 2023 5:30 AM] Stronghold Digital, a leading Bitcoin mining firm, announced the company has entered into a two-year hosting agreement with Cantaloupe Digital LLC, a subsidiary of the bitcoin application-specific integrated circuit (ASIC) manufacturer, Canaan…
[May 4, 2023 4:57 PM] Montana has ratified legislation that protects the right to mine bitcoin, a win for sound money in the midwestern state.The Montana legislature has passed a bill that protects the right to mine bitcoin, among other provisions. The bill is designed…
[May 4, 2023 3:40 PM] Indonesian governor Ridwan Kamil joined Bentaus CEO Robert Davidoff at a ribbon cutting ceremony in New York today for the course.Governor Ridwan Kamil of West Java, Indonesia, joined members of the NYC bitcoin community in a ribbon cutting…
[May 4, 2023 3:40 PM] The legislation includes revisions to laws aimed at prohibiting discriminatory electrical rates for mining firms and not allowing taxation for crypto used as a method of payment.
[May 4, 2023 11:30 AM] Bitcoin’s network has been putting miners through the wringer lately, with five straight difficulty increases that had them on edge. However, on May 4, 2023, at block height 788,256, the network difficulty level took a dip, dropping by 1.45%…
[May 4, 2023 2:14 AM] Nigeria’s Federal Executive Council has approved the national policy on blockchain to help the country develop a regulatory framework to govern the adoption of the technology.
[May 3, 2023 3:54 PM] The mining operations will be “carbon-free” according to the firms and the first expansion by Bitdeer into Asia.Bitdeer Technologies Group and Druk Holding & Investments have partnered to develop a 100% carbon-free digital asset mining…
[May 3, 2023 2:30 PM] On May 2, 2023, the Biden administration unveiled a blog post outlining the Digital Asset Mining Energy (DAME) tax, featured in the president’s comprehensive 182-page budget proposal for the fiscal year 2024. The DAME tax targets…
[May 3, 2023 1:33 PM] Robert F. Kennedy Jr., the latest presidential candidate from one of the most famous U.S. political families, is introducing a number of crypto issues in his newly announced campaign to challenge Joe Biden.
[May 3, 2023 11:35 AM] After a public hearing, Buncombe County voted to approve a moratorium on bitcoin mining in order to craft zoning standards and regulations for special land use. As first covered in Bitcoin Magazine on April 6, Buncombe County, North Carolina…
[May 3, 2023 10:06 AM] The Digital Asset Mining Energy excise tax would harm businesses and push innovation out of the United States. The President's new budget proposal for Fiscal Year 2024 includes the Digital Asset Mining Energy (DAME) excise tax, which would require…
[May 2, 2023 10:00 AM] While the next difficulty change for Bitcoin is just two days away, the network’s hashrate soared to unprecedented heights, reaching 491.15 exahash per second (EH/s) on May 02, 2023, at block height 787,895. This staggering amount of…
[May 1, 2023 4:00 PM] Mawson Infrastructure Group announced on Monday that the company has secured a new mining site in Corning, Ohio. The bitcoin mining firm, on May 1, 2023, unveiled its plans to set up its miners at the new location by Q3 of this year, with an aim to…
[May 1, 2023 12:42 PM] The site could potentially bring Mawson’s capacity in the area up to 290MW and increase deployable hash rate to 1.0 EH/sDigital infrastructure provider Mawson Infrastructure Group Inc. (Mawson) has signed an agreement for a new site in Corning…
[Apr 30, 2023 11:15 PM] Block has completed the design of its new prototype ASIC chip which it says will fast-track its plan to bring “open source” Bitcoin mining rig design to market.
[Apr 30, 2023 8:31 AM] New Mexico is the cheapest US state to mine Bitcoin in terms of average electricity cost, while Hawaii is the by far the most expensive.
[Apr 29, 2023 10:00 PM] At 11:06 a.m. Eastern Time (ET) on April 29, 2023, at block height 787,500, the number of blocks left to discover until the next Bitcoin blockchain halving is now fewer than 52,500 blocks. This means the network has progressed 75% through the…
[Apr 27, 2023 2:59 PM] The agreement is set to bring approximately $7.5 million of annual revenue according to Greenidge CEO Dave Anderson.Greenidge Generation Holdings Inc. has signed a hosting agreement with Core Scientific, Inc. in which Core Scientific will operate…
[Apr 26, 2023 3:30 PM] Amidst the buzz surrounding bitcoin’s latest price surge, a significant number of transactions are currently clogging up the mempool. As of writing, 134,986 unconfirmed transactions await confirmation, and block times are lingering above the…
[Apr 26, 2023 8:30 AM] Bitcoin’s imminent difficulty change appears to be heading towards a possible decrease, marking the first time in over 73 days, ever since February 12, 2023. The network has witnessed a notable difficulty upswing of approximately 22.62%…
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