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The authorities of Kazakhstan will reduce payments for electricity and taxes for miners
The Blockchain Technologies and Data Centers Association of Kazakhstan has made significant revisions to the tax legislation of the country, removing obstacles that were impeding the growth of mining operations. Over a span of six months, the association engaged with go ...
The Russian company BitСluster launches a data center for mining in Ethiopia
BitСluster, a Russian company, has announced its plans to establish a cutting-edge 120 MW data center in Addis Ababa, the capital city of Ethiopia, solely dedicated to Bitcoin mining."Scheduled to be operational in January 2024, the facility, located within ...
CryptoQuant: Daily Bitcoin miner commission sets a historical record
Analytics platform CryptoQuant has reported that Bitcoin miners are generating record-breaking total fees as trading activity on the Bitcoin Ordinals protocol surges. On December 16, commissions surpassed $23.7 million. "The rise in fee collection coi ...
Togliatti management company was accused of mining cryptocurrency at the expense of residents
Residents of a Tolyatti apartment building in the Samara region were surprised to find a hidden mining farm in their basement. They accused their own management company of engaging in secret mining activities and promptly reported the situation to the police.Concerned r ...
TheMinerMag: Miners' income for December could reach $1.4 billion
Bitcoin miners have already earned a total of 4,055 BTC worth $170 million in December, demonstrating their significant profitability in the current market conditions. The projected revenue for this month is even more impressive, with industry experts estimating it could reach a ...
Montenegro is exploring the possibility of issuing Bitcoin-backed hydrobonds
The Montenegrin government officials held discussions with JAN3, a consulting company specializing in Bitcoin mining, to explore the potential of using hydroelectric power plants for cryptocurrency extraction. Montenegro's Prime Minister, Milojko Spajić, praised the country's ab ...
BitRiver: Russia may soon become a leader in the global industrial mining industry
Igor Runets, the Founder and CEO of BitRiver, predicts that Russia has the potential to become a leading player in the mining industry within the next 2-3 years, particularly in terms of utilizing electricity from associated petroleum gas (APG)."Currently, t ...
Ministry of Finance of Russia: Let's export the mined cryptocurrency like gas!
Deputy Finance Minister Ivan Chebeskov announced a unique proposal that the department is considering: exporting cryptocurrency, similar to how hydrocarbon resources are exported. Chebeskov explained that there is already special legislation in place for gas exports, and the min ...
. Mining in Russia: benefits, risks and tax optimization
Investments in Bitcoin mining are growing on the eve of the Bitcoin halving - both in the world and in Russia, say market participants surveyed by Bits.media. We explain what the profitability and risks are, how taxation of mining actually works in the Russian Federation, how t ...
Increase in energy tariffs in Irkutsk: how to keep mining profitable in the new conditions
The Ministry of Energy proposes to increase tariffs several times in one of the largest mining centers in Russia - the Irkutsk region. How not to lose your mining farm and lose your profits? The government is increasingly discussing increasing the ...