2023-3-10 01:46 |
The tax would be phased-in at 10% per year over three years and covers electricity generated from both on and off-grid sources.
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The country’s tax collection agency is investigating electricity theft, and seized cash and crypto mining equipment in the raids.
2022-10-22 20:16 | |
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Cryptocurrency mining surf a large quantity of electricity. And since the crypto industry saw widespread adoption in recent years, it scaled up mining activities likewise, which caused electricity shortages in some countries like Iran and Kosovo.
2022-10-7 02:59 | |
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"We are in a completely different situation in the power market now than when the reduced rate for data centers was introduced in 2016," said Norway's finance minister.
2022-10-6 18:15 | |
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Kazakhstan is trying to tackle its struggle with electricity shortages with a series of reforms on crypto mining.
2022-7-13 13:54 | |
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The gradual scale would impose the highest taxes on the cheapest electricity sources.
2022-5-26 19:30 | |
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Kazakhstan may soon prove to be a hostile location for crypto miners as the Asian country’s government has proposed a hike in its electricity tariff and taxes for crypto miners. The post New tax proposal in Kazakhstan could push crypto miners out appeared first on CryptoSlate.
2022-2-9 00:00 | |
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Kazakhstan’s Head of State Kassym-Jomart Tokayev has ordered an increase in taxes on electricity used by Bitcoin miners in the country, according to a local news outlet Kazinform. Speaking during an expanded meeting of the government, the president stated that his government would embark on identifying all mining farms, checking their tax status, carefully studying […]
2022-2-9 23:32 | |
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Hive has closed shop in Norway over fears it would not be able to meet required development conditions, without tax relief on their electricity consumption. The post Crypto Miner Hive Unloads Norwegian Data Center After Loss of Power Subsidy appeared first on BeInCrypto.
2021-5-10 20:30 | |
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The Kentucky House Budget Committee approved a bill in a 19-2 vote to eliminate the sales tax on electricity for use in cryptocurrency mining operations. The bill, designed to attract more miners to the state, is now in the Kentucky Senate for review.
2021-3-5 11:30 | |
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Kazakhstan is one of the world’s best destinations for crypto mining: electricity costs just $0. 04/kWh and there is no tax on mining revenue. It’s also relatively easy to start a mining business in Kazakhstan through specialized hosting companies even if you are located abroad.
2020-10-8 20:48 | |
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The government of Uzbekistan orders a 300% increase on electricity tariffs for cryptocurrency miners
2019-9-29 23:49 | |
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Blockchain firm Bitfury will develop a bitcoin mining center in Paraguay. The new mining operation is in partnership with Seoul-based research and development firm Commons Foundation.
2019-2-8 23:32 | |
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Whenever I claim that bitcoin is the only decentralized cryptocurrency, I get one of two arguments:My X coin is also decentralized. Bitcoin isn’t decentralized because of Core and/or miners.
2019-1-21 21:52 | |
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Hive Blockchain Technologies has published an update regarding the company’s response to the Norwegian Parliament’s recent approval of a legislative bill that will restrict cryptocurrency miners from accessing the tax relief on electricity consumption available to other power-intensive industries.
2019-1-2 12:35 | |
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The Norwegian Government recently multiplied the electricity tax rate for data centers extracting cryptocurrencies as they believe that the cryptocurrency industry generates very little value and jobs for the nation.
2018-11-29 16:00 | |
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Around the world, the cost of mining seems to be predominantly expensive as a result of how much electricity is needed. In Norway, new tax rates have been established that makes electricity even more expensive, but miners don’t want to take this laying down.
2018-11-28 09:42 | |
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The neighboring country may provide a home to those wishing to leave Norway.
2018-11-28 20:53 | |
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With Norway set to revoke electricity subsidies for cryptocurrency miners from January 2019 onward, Swedish data centers are anticipating a wave of inquiries from mining companies seeking to domicile in Sweden.
2018-11-27 11:15 | |
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Data center managers in Sweden are expecting a deluge of inquiries from cryptocurrency mining operations in Norway. The Norwegian authorities this week revoked energy tax subsidies for the sector, throwing the future of many companies into doubt.
2018-11-24 15:00 | |
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The Norwegian government has scrapped a subsidy on electricity tax for cryptocurrency miners in its state budget, a report says.
2018-11-22 17:35 | |
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Two mining companies with operations in Sweden have reportedly abandoned their facilities in the country’s northernmost county of Norrbotten. One of the companies, U. S. miner NGDC, appears to have suddenly fled from the area, leaving $1.
2018-11-16 00:35 | |
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