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Montana Governor Signs Law Protecting Cryptocurrency Miners from Local Government Interference
The governor of the U.S. state of Montana signed a law prohibiting local governments from passing laws that prevent cryptocurrency miners. This week, on May 2, Governor Greg Gianforte signed a law banning the imposition of discriminatory electricity rates and tax rules on ...
Druk Holding&Investments and Bitdeer Technologies plan $500M fund for green cryptocurrency mining in Bhutan
Butanese company Druk Holding&Investments together with Nasdaq-listed Bitdeer Technologies Group plan to create a $500 million fund for green cryptocurrency mining in the Himalayas. According to a joint statement from the companies, the fund is designed to develop car ...
Council of Economic Advisers Proposes 30% Tax on Miners to Combat Climate Change
Council of Economic Advisers to the President (CEA) proposed a thirty percent tax on miners to prevent them from ruining the climate. Council proposed to introduce the tax in stages over three years, starting with 10% next year. In 2025 to increase the tax to 20%, and the ...
Bhutan’s Largest State-Owned Company, Druk Holding and Investments, Diversifies Investment Portfolio with Bitcoin Mining
Bhutan's largest state-owned company, Druk Holding and Investments, announced that it has been mining bitcoin for several years to diversify its investment portfolio.</div DHI CEO Ujjwal Deep Dahal said the company began showing interest in mining bitcoin when it was wor ...
World Economic Forum Recognizes Bitcoin Mining’s Environmental Benefits
The World Economic Forum (WEF) has acknowledged the positive impact of bitcoin mining on both the economy and the environment. According to their recent video publication, bitcoin mining has the potential to reduce greenhouse gas emissions significantly. The WEF advocates for the shift of mine ...
Bitcoin Mining Difficulty Reaches New Record High
Following the latest recalculation of the bitcoin mining complexity, the measurement increased by 1.72% and has now surpassed the previous record to reach an all-time high of 48.71 trillion hashes. This adjustment occurs roughly every two weeks and is reliant on the network hashrate - the higher ...
Police in Kosovo seize 174 cryptocurrency mining machines due to electricity theft
The Republic of Kosovo's law enforcement agencies recently seized 174 ASIC miners from Serbs residing in the northern part of the country. The police stressed that the electricity consumption in these areas has significantly increased in recent years, and residents have been reluctant to pay thei ...
Arkansas Approves Bill to Regulate Cryptocurrency Mining, Protecting Miners from Tax Discrimination
The legislature of Arkansas has recently passed a bill that aims to regulate the activities of cryptocurrency mining in the state. The bill, introduced by Republican Rick McClure, aims to prevent discrimination against miners by subjecting them to the same regulations as data processing centers ( ...
North Carolina Officials Propose Temporary Ban on Cryptocurrency Mining
In a recent development, authorities from Buncombe County in North Carolina have proposed a temporary ban on cryptocurrency mining for a duration of one year. This proposal aims to categorize crypto mining as a distinct type of land use, differentiating it from other economic activities conducted ...
Five mining companies with great potential for foreign investment
Earnings on the extraction of cryptocurrency - a thing quite popular. But if there is no money for a normal farm, then you can use an alternative option - invest in mining companies. They are now often interested in foreign investors. ...