2023-2-25 16:15 |
A former facilities worker in the US state of Massachusetts is accused of stealing nearly $18,000 in electricity to power his crypto mining operation in a school's crawl space. origin »
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The police authorities in Nang Rong, while on a tip-off, have raided a two-story commercial building used for illegal bitcoin mining operations.
2022-12-25 17:04 | |
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British Columbia, Canada, will deny electricity to new crypto mining firms, according to a press release published by the provincial government on December 21. The post Canada’s western province, BC, will block new cryptocurrency miners appeared first on CryptoSlate.
2022-12-22 06:00 | |
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Key Takeaways Core Scientific was worth over $4 billion last summer, but is down 985 form all-time highs Rising electricity costs are hiking costs with falling Bitcoin prices hurting revenue With hash rate near all-time highs, the entire mining industry is struggling The crypto winter continues to take victims.
2022-12-21 15:58 | |
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Electricity from auctions, new taxes and two licenses instead of one: Kazakhstan Parliament passes major bill on crypto
2022-12-7 16:41 | |
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A Paraguay crypto bill focused on taxation and crypto mining has been tabled by lawmakers. The bill would have established electricity cost caps for mining. The post Paraguay Crypto Bill Axed by Lawmakers, Cheap Bitcoin Mining Prospects Disappear appeared first on BeInCrypto.
2022-12-7 08:47 | |
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Just 38 out of 80 members of Paraguay’s Chamber of Deputies voted to reconsider a bill to cap electricity rates for the country’s crypto miners.
2022-12-7 23:45 | |
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The bill would cap how much the grid operator can charge bitcoin miners for electricity.
2022-12-7 16:41 | |
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Kentucky’s Public Service Commission is concerned the rates could result in higher electric bills for state residents.
2022-12-6 23:25 | |
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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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The European Commission (EU) action plan seeks to curb electricity use for crypto mining among member states.
2022-10-19 15:30 | |
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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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Recently, the White House released a report that details how crypto mining and other technologies contribute directly to pollution, greenhouse gas effect, noise, and other hazardous environmental effects that get in the way of federal agency’s initiatives to attain a net-zero carbon emission that is in adherence to U.
2022-9-10 20:05 | |
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Miners of both Bitcoin and Ethereum are still thriving regardless of the crypto winter. The revenue generated by Ethereum miners surpasses that of Bitcoin miners, according to the 2022 record. The growth of the miners is quite surprising given the increase in the cost of electricity.
2022-8-7 12:30 | |
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Argo Blockchain (ARB) mined 219 bitcoin or bitcoin equivalents (BTC) in July as it combated problems with its equipment and electricity costs.
2022-8-5 11:37 | |
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The legislature this month approved a bill regulating crypto mining and trading in the country.
2022-8-5 23:05 | |
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Powers Combined Even if the crypto market isn't exactly growing in terms of profit, miners it are certainly increasing their energy consumption. The New York Times reported this week that just seven of the biggest Bitcoin mining companies are now using nearly as much electricity as all the homes in Houston combined, meaning that all crypto mining […]
2022-7-20 17:54 | |
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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 crypto miner recorded gains in production in June, but higher electricity costs and falling bitcoin prices narrowed its margins.
2022-7-8 12:10 | |
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Electricity consumption on some of the biggest crypto networks dropped by as much as 50%, as depressed token prices forced miners to shut shop, according to the Guardian. The post Crypto downturn sees electricity consumption on Ethereum plunge by 50% appeared first on CryptoSlate.
2022-6-24 22:30 | |
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For years, the country has heavily subsidized its electricity production leading to extremely low prices. It claims that this has now become unsustainable.
2022-6-21 21:15 | |
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Authorities in Iran have announced that crypto miners operating in the country would have their access to electricity cut off by June 22. The post Crypto Miners in Iran to Face Blackout as Mining Becomes Unprofitable appeared first on BeInCrypto.
2022-6-20 05:50 | |
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Governments and environmentalists are quick to criticize the amount of electricity Bitcoin mining uses, but investors’ growing interest in crypto is leading to positive steps in the energy sector.
2022-6-11 00:30 | |
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Crypto mining falls under the “gray zone” in Russia, which means even though it’s not banned, it doesn’t fall under the purview of law which could pose risks for those involved.
2022-5-31 13:44 | |
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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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Some registered companies saw a 400% increase in their electricity bills in March, while unregistered miners do not plan to stop using subsidized residential tariffs.
2022-5-10 20:01 | |
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Cryptocurrency mining companies will be required to submit comprehensive information about their operations as the country tries to reign in electricity consumption.
2022-5-5 04:02 | |
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Authorities are still working to eliminate the industry, months after it was banned.
2022-2-25 15:52 | |
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Georgia’s crypto mining economy has evolved into a global leader in recent years, largely because of low taxes and affordable electricity rates, as well as a libertarian regulatory environment.
2022-2-23 08:12 | |
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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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The central Asian country’s government has proposed three price increases to electricity and taxes specifically targeting crypto miners.
2022-2-8 07:26 | |
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The country’s Minister for Economy tweeted that the seizure of crypto mining machines will save “tens of thousands of Euros per month,” providing “energy for hundreds of Kosovar families.”
2022-1-10 08:30 | |
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Kosovo has banned crypto mining on Tuesday in an effort to reduce electricity use as the country grapples with its worst energy crisis in a decade as a result of electricity disruptions. Kosovo Bans Crypto Mining Operations Due to electricity shortages during the winter season, the government of Kosovo has decided to stop crypto mining in the country.
2022-1-5 22:14 | |
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Kazakhstan’s crypto mining industry was initially boosted by China’s tightening grip on digital asset regulation. The post Crypto miners in Kazakhstan flee over aging electricity infrastructure appeared first on CryptoSlate.
2021-12-28 17:00 | |
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It seems like the days of Iceland’s reputation as an energy-rich and politically-favorable crypto mining location are coming to an end, as surplus energy supplies dwindle. The post Miners’ Electricity Applications Rejected by Icelandic Utility as Supplies Dwindle appeared first on BeInCrypto.
2021-12-7 21:56 | |
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“The claim that Bitcoin miners jeopardize the electricity network is completely misinformed,” says EU-based fund manager Melanion Capital.
2021-11-23 16:23 | |
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The National Development and Reform Commission (NDRC) China has called for further enforcement of the ban on crypto mining in the region via disciplinary electricity prices on large crypto mining farms.
2021-11-17 21:30 | |
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China has issued a warning to its state-owned enterprises to stop cryptocurrency mining. It also warned that it would increase electricity rates for companies that continue to defy the ban. This latest warning comes amid the ongoing crypto ban in the East Asian country.
2021-11-17 21:00 | |
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One relatively more affordable place to mine Bitcoin in Asia (excluding China) is Laos, thanks to its hydroelectric potential and electricity prices. What's more, the landlocked country with a populatThe post Laos expects crypto mining to deliver these gains appeared first on AMBCrypto.
2021-11-5 23:30 | |
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Russia's Inter RAO might begin commercial electricity export to Kazakhstan in November, as per local reports. The development comes after reports of the country facing a serious energy shortage due toThe post Can Russia rescue Kazakhstan's dwindling crypto mining activity with its electricity appeared first on AMBCrypto.
2021-10-30 18:00 | |
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The Cambridge Bitcoin Electricity Consumption Index showed that China held 0% of the average monthly hashrate share in August. After this, many concluded the country had done away with crypto for goodThe post After a crypto crackdown, is China going after NFTs and their promoters appeared first on AMBCrypto.
2021-10-25 20:30 | |
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The Cabinet of Ministers of Kyrgyzstan has recently revised its electricity tariffs for different groups of consumers. The authorities have raised the rates at which crypto mining businesses buy power.
2021-10-4 18:00 | |
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Kazakhstan, which accounts for the third-largest Bitcoin mining hash rate share after seeing a 6x spike in its share between Sept. 2019 and April 2021, is considering measures like surcharge and limiting energy use while Kyrgyzstan has already increased electricity tariffs for crypto miners.
2021-10-4 17:39 | |
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The extreme heat of the summer has subsided, so crypto mining has been given the green light, as it can no longer be blamed for stressing the electricity grid.
2021-10-2 08:08 | |
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China has been making a lot of headlines in regards to the crypto industry this year, and more often than not, not for good reasons. The country has seen a number of its provinces crackdown on cryptocurrency mining, causing the miners to abandon their posts and seek out cheap electricity in other provinces, countries, and […] The post China’s high court proclaims that crypto is not protected by law appeared first on Invezz.
2021-8-23 15:12 | |
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Iran’s state electricity company has just shared some good news for its local cryptocurrency miners, announcing that the mining ban is likely to be lifted come September. The Iran Power Generation, Distribution, and Transmission Company (Tavanir) previously prohibited mining on a country-wide basis earlier this year, in May.
2021-8-23 14:56 | |
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Bitcoin (BTC) miners in one of Venezuela’s most important industrial states, Carabobo, had their electricity cut off by authorities, Criptonoticias reported. On August 7, the regional officials effectively shut down crypto mining operations in the key state by suspending the power supply to all registered miners in the territory.
2021-8-11 02:05 | |
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Roy Phillips, founder, and CEO of REP Energy, an electricity generating company, has joined the Board of Advisors at Intelligent Mining(iM) following a recent press release. Intelligent Mining (iM) is a platform responsible for providing environmentally responsible energy solutions which support efficient crypto mining operations.
2021-7-28 23:16 | |
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The government of Abkhazia is negotiating with Russia to solve a problem that led to a ban on cryptocurrency mining. The partially recognized republic in the South Caucasus is now planning to legalize the industry and source sufficient power supplies from its energy-rich northern neighbor.
2021-7-24 11:00 | |
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Economies in Asia and the Middle East are stepping up with tailored rules for digital assets, underscoring crypto's emergence as a truly multipolar industry.
Mainstream adoption of cryptocurrency will be achieved through meaningful association with name brands outside the financial and tech sectors.
UK-based crypto firm Copper Technologies withdrew its registration to the FCA. Instead, its new CEO wants to shift the custodian’s focus towards securing operating licenses in the US and other countries.
The State of Ohio has introduced a second Bitcoin reserve bill as crypto legislation gains momentum across the U.S. ahead of Donald Trump’s inauguration. Ohio House GOP Majority Whip Steve Demetriou proposed legislation to allow the state to manage a…
A proposed legislation in Ohio seeks to incorporate Bitcoin into its financial plan. Derek Merrin, the Leader of the Ohio House Republicans, introduced the bill.
What’s behind Bitcoin’s historic rise to $108,000? From Trump’s speech to ETFs and MicroStrategy’s massive buys, could a major institutional supply squeeze be underway? Bitcoin soars to new highs Bitcoin (BTC) has once again stolen the spotlight. On Dec. 17,…
On December 13, Mohammed Azharuddin Chhipa residing in Springfield, was convicted by a federal jury on multiple counts associated with the Islamic State of Iraq and al-Sham, a foreign terrorist organization.