Crypto Mining Unveiled: Hardware, Software, Pools and Operations
In today's digital age, the concept of currency has taken on a whole new meaning. No longer confined to physical objects like coins or banknotes, we now have a form of currency that exists purely in the digital realm. Cryptocurrencies, such as Bitcoin, have gained immense popularity over the years, ...
2023 Сryptocurrency Dive: Mine for Profits with Top Digital Assets
Are you ready to embark on a thrilling journey into the world of cryptocurrencies? This article is here to guide you through the top 10 digital assets that are making waves in 2023. Whether you're a seasoned miner or someone who's just wanting to dip their toes into the world of crypto, this list of ...
Cryptocurrency Mining Malware Exploits Windows Tool: A Talos Intelligence Analysis
Hackers have been employing a nefarious Windows tool for cryptocurrency mining malware distribution since November 2021, as uncovered in an analysis by Cisco's Talos Intelligence. In this audacious assault, the attacker capitalizes on Windows Advanced Installer, a tool often used by developers to bu ...
Miners Diversify into AI and Non-Crypto Ventures, Moving Beyond Bitcoin Mining
Miners are investing in artificial intelligence (AI) and other areas of the economy. Individuals and large companies are trying to diversify their risks to be less dependent on mining. Besides bitcoin, miners are mining Ethereum Classic, Ravencoin, Ergo. ...
Canaan Halves Hashrate Following Shutdown of Centers in Kazakhstan
Canaan has halved its hashrate. This follows the shutdown of the firm's centers in Kazakhstan. The counterparty is forced to do so due to regulatory restrictions. In July 2023, bitcoin miner Canaan cut its production capacity in Kazakhstan by 2 EH/s. ...
Cryptocurrency Fraud Trial: Allegations of $82.2 Million Filecoin Pyramid Scheme
China's Pingnan District People's Court has begun public hearings in the trial of five people accused of setting up a fraudulent scheme to mine the cryptocurrency Filecoin. Prosecutors accused defendant Lai Mouhang and his accomplices of creating a 600 million yuan (about ...
Opponents Demand Abandonment of Digital Asset Excise Tax as U.S. Debt Ceiling Bill Takes Priority
The urgency of agreeing on the U.S. national debt ceiling bill has allowed opponents of the Digital Asset Excise Tax (DAME) to demand that the Joe Biden administration abandon its intention to collect the controversial tax. Pierre Rochard, vice president of the mining com ...
High Inflation Triggers Protests in Lebanon, Pushing Citizens towards Alternative Livelihoods and Cryptocurrency Adoption
High inflation has led to protests in Lebanon and is forcing citizens to seek alternative livelihood tools. The state of the economy and the failure of state support programs are to blame. In a number of cities, the effects of the financial crisis have led to riots and lo ...
Bitmain Launches Antminer KS3: A New ASIC Miner for Kaspa Cryptocurrency
Biggest manufacturer of mining equipment Bitmain introduced a new ASIC-miner Antminer KS3. It is designed to mine the not too well known cryptocurrency Kaspa with a capitalization of $356 million. The device has a capacity of 8.3 t ...
Kazakhstan Earns $7 Million in Taxes from Cryptocurrency Mining in 2022
The government of the Republic of Kazakhstan for 2022 received 3.07 billion tenge (about $7 million) in taxes from miners. The reason, according to local media, is the entry into force of amendments to the Tax Code. According to the republican government, taxes collected ...
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 ...
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 ...
Sweden Cancels Tax Breaks for Miners, Increases Electricity Tariff for Cryptocurrency Mining
The Government of Sweden recently announced its plans to cancel tax breaks for miners and significantly increase the electricity tariff for cryptocurrency mining by 58 times. The cost of electricity for mining will go from $0.0006 to $0.035 per kWh, and the benefits will be lifted starting in Jul ...
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 ( ...