Russia has Bitcoin mining farms in remote areas of Siberia whose low temperatures and infrastructure offer great potential. Although Russian economic and political sectors are skeptical about this activity, the state’s nuclear plant opens its doors...
Claimants believe that the crypto assets acquired by staking or mining are a created property. Specialists argued if the IRS offer could set a judicial precedent.
The United States Tax Service (IRS), right...
The mass exodus from China helped decentralize the mining hash rate, and new business opportunities emerged thanks to leading companies. Although many regulators argued that the activity damages the environment, miners looked for more efficient energy...
Although China maintains dominance in Bitcoin mining, other countries are growing in this industry. Government pressure on Chinese miners is one of the factors discouraging the activity.
While the concentration of Bitcoin mining...
The company found optimal conditions in the Latin American country to set an expansion for its operations. The facilities would be operational in early 2022.
The Canadian company Bitfarms Ltd is advancing its...
The closure of Chinese mining farms has caused the Bitcoin hash rate to drop and manufacturers of mining equipment to suspend sales. The migration of Chinese miners could change the patterns of CO2 emissions, but they...
The idea is to promote the use of renewable energy to mine Bitcoin. The Bitcoin Mining Council intends to standardize reports on energy consumption.
Billionaire Elon Musk keeps defending his position about the...
Inaccuracies in the infrastructure law would drive miners out of the United States of America. Kazakhstan now faces an electricity shortage, and blackouts abound.
By December of last year, it was already clear...
The report from the BMC found that 66.1% of the BTC miners surveyed use renewable energy. The findings cause no surprise to the community, as many mining farms already take advantage of hydro and geothermal power.
The lower energy consumption for mining Bitcoin has reduced the chances of carbon dioxide emissions. Chinese mining farms are migrating to settle in places with renewable energy like the United States.
Currently, Bitcoin...
