Cryptocurrency Mining
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New York Legislators Pass Bill to Limit Cryptocurrency Mining Operations Burning Fossil Fuels
New York lawmakers have passed a bill to pull brakes on the spread of cryptocurrency mining operations that burn fossil fuels. Both supporters and opponents say that the closely watched bill, approved early Friday by the state Senate, is the first of its kind in the US.
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Crypto Mining Cost Not Allowed as Deduction Under I-T Act: Finance Ministry
Cost incurred in the mining of cryptocurrencies or any virtual digital assets (VDA) will not be allowed as deduction under the Income Tax Act, Minister of State for Finance Pankaj Chaudhary said on Monday.
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Illegal Crypto Mining Facilities Busted in Kazakhstan Amid Prevailing Power Crisis
The ministry of energy in Kazakhstan identified 13 illegal crypto mining centres and busted their operations. The development comes after the government of Kazakhstan instructed all crypto mining centres to identify themselves with relevant paperwork before March 19. Crypto mining is overloading the power grids in the central Asian country.
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Intel Launches New Blockchain Chip to Tap Crypto Boom
Intel has launched a new chip it says has been specially designed for blockchain activities such as Bitcoin mining and minting NFTs.
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Crypto Market Has Shed More Than $1 Trillion in Market Cap Since November, Bitcoin Marks Six-Month Low
Bitcoin dropped to a six-month low on Saturday, extending a steep fall recorded over two months as the cryptocurrency market was swept up in a powerful shift by investors out of speculative assets as additional headwinds arrive in the form of a potential crypto mining, trading ban in Russia.
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Energy Impact of Crypto Mining Addressed in US House Hearing, Five Industry Experts Submit Testimonies
Brian Brooks, John Belizaire, Steve Wright, Ari Juels, and Gregory Zerzan are the five industry experts who have submitted their written testimonies to the US authorities. Encouraging clean energy-powered crypto mining emerged as a common solution.
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Cryptocurrency Ban: Russia's Central Bank Calls for Crackdown on Mining, Transactions
The Russian central bank proposed cracking down on cryptocurrencies, a move which if adopted could disrupt the burgeoning virtual money sector as Russia is one of the largest crypto-mining nations in the world.
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Kevin O'Leary Believes Bitcoin Mining Will See Boom in Institutional Investment in Coming Years
Shark Tank investor and Canadian businessman Kevin O’Leary is positive about Bitcoin mining as an investment strategy and has hinted in an interview that he's probably going to start his own mining operation sometime this year.
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Georgia Town Binds Residents in Holy Oath Against Bitcoin Mining as Power Crisis Plagues Region
Crypto miners gathered in a church in Georgia’s Svaneti town and pledged a holy oath to St. George against mining. In many customs, such an oath is considered unbreakable.
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Bitcoin Network Computing Power Slumps as Kazakhstan Crackdown Hits Crypto Miners
The global computing power of the Bitcoin network has dropped sharply as the shutdown this week of Kazakhstan's Internet during a deadly uprising hit the country's fast-growing cryptocurrency mining industry.
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Cryptocurrency Mining Banned in Kosovo to Save Electricity
Kosovo introduced a ban on cryptocurrency mining in an attempt to curb electricity consumption as the country faces the worst energy crisis in a decade due to production outages.
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Crypto Miners Blamed for Power Outages in Russia’s Irkutsk, 1,100 Cases of ‘Gray Mining’ Emerge
Cryptocurrency mining in Russia’s Irkutsk region is high, owing to the low cost of electricity there. Authorities conducted raids in various parts of the region and identified crypto mining being facilitated from the homes of the residents.
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90 Percent of Total Bitcoin Already Mined, but Total Supply to Be Mined in 120 Years: Report
A report has claimed that the process of Bitcoin Halving is the reason why the remaining 10 percent of Bitcoin’s total supply will come into circulation by 2140. The process cuts in half Bitcoin's inflation rate and the rate at which new tokens enter circulation.
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Chinese Cybersecurity Company Qihoo 360 Develops Crypto Mining Monitor for Government Agencies
Chinese cybersecurity giant Qihoo 360 has developed a monitoring system that lets government agencies and companies find secretive crypto mining operations that could be underway employing company resources.
-
Crypto Mining in Texas May Demand 5 Times More Electricity by 2023, ERCOT Predicts
The already overloaded power grid of US’ Texas state may have to bear the weight of 5,000MW of extra energy as Bitcoin mining activities are picking pace in the region. Residents are worried of more power outages and blackouts.
-
New York Legislators Pass Bill to Limit Cryptocurrency Mining Operations Burning Fossil Fuels
New York lawmakers have passed a bill to pull brakes on the spread of cryptocurrency mining operations that burn fossil fuels. Both supporters and opponents say that the closely watched bill, approved early Friday by the state Senate, is the first of its kind in the US.
-
Crypto Mining Cost Not Allowed as Deduction Under I-T Act: Finance Ministry
Cost incurred in the mining of cryptocurrencies or any virtual digital assets (VDA) will not be allowed as deduction under the Income Tax Act, Minister of State for Finance Pankaj Chaudhary said on Monday.
-
Illegal Crypto Mining Facilities Busted in Kazakhstan Amid Prevailing Power Crisis
The ministry of energy in Kazakhstan identified 13 illegal crypto mining centres and busted their operations. The development comes after the government of Kazakhstan instructed all crypto mining centres to identify themselves with relevant paperwork before March 19. Crypto mining is overloading the power grids in the central Asian country.
-
Intel Launches New Blockchain Chip to Tap Crypto Boom
Intel has launched a new chip it says has been specially designed for blockchain activities such as Bitcoin mining and minting NFTs.
-
Crypto Market Has Shed More Than $1 Trillion in Market Cap Since November, Bitcoin Marks Six-Month Low
Bitcoin dropped to a six-month low on Saturday, extending a steep fall recorded over two months as the cryptocurrency market was swept up in a powerful shift by investors out of speculative assets as additional headwinds arrive in the form of a potential crypto mining, trading ban in Russia.
-
Energy Impact of Crypto Mining Addressed in US House Hearing, Five Industry Experts Submit Testimonies
Brian Brooks, John Belizaire, Steve Wright, Ari Juels, and Gregory Zerzan are the five industry experts who have submitted their written testimonies to the US authorities. Encouraging clean energy-powered crypto mining emerged as a common solution.
-
Cryptocurrency Ban: Russia's Central Bank Calls for Crackdown on Mining, Transactions
The Russian central bank proposed cracking down on cryptocurrencies, a move which if adopted could disrupt the burgeoning virtual money sector as Russia is one of the largest crypto-mining nations in the world.
-
Kevin O'Leary Believes Bitcoin Mining Will See Boom in Institutional Investment in Coming Years
Shark Tank investor and Canadian businessman Kevin O’Leary is positive about Bitcoin mining as an investment strategy and has hinted in an interview that he's probably going to start his own mining operation sometime this year.
-
Georgia Town Binds Residents in Holy Oath Against Bitcoin Mining as Power Crisis Plagues Region
Crypto miners gathered in a church in Georgia’s Svaneti town and pledged a holy oath to St. George against mining. In many customs, such an oath is considered unbreakable.
-
Bitcoin Network Computing Power Slumps as Kazakhstan Crackdown Hits Crypto Miners
The global computing power of the Bitcoin network has dropped sharply as the shutdown this week of Kazakhstan's Internet during a deadly uprising hit the country's fast-growing cryptocurrency mining industry.
-
Cryptocurrency Mining Banned in Kosovo to Save Electricity
Kosovo introduced a ban on cryptocurrency mining in an attempt to curb electricity consumption as the country faces the worst energy crisis in a decade due to production outages.
-
Crypto Miners Blamed for Power Outages in Russia’s Irkutsk, 1,100 Cases of ‘Gray Mining’ Emerge
Cryptocurrency mining in Russia’s Irkutsk region is high, owing to the low cost of electricity there. Authorities conducted raids in various parts of the region and identified crypto mining being facilitated from the homes of the residents.
-
90 Percent of Total Bitcoin Already Mined, but Total Supply to Be Mined in 120 Years: Report
A report has claimed that the process of Bitcoin Halving is the reason why the remaining 10 percent of Bitcoin’s total supply will come into circulation by 2140. The process cuts in half Bitcoin's inflation rate and the rate at which new tokens enter circulation.
-
Chinese Cybersecurity Company Qihoo 360 Develops Crypto Mining Monitor for Government Agencies
Chinese cybersecurity giant Qihoo 360 has developed a monitoring system that lets government agencies and companies find secretive crypto mining operations that could be underway employing company resources.
-
Crypto Mining in Texas May Demand 5 Times More Electricity by 2023, ERCOT Predicts
The already overloaded power grid of US’ Texas state may have to bear the weight of 5,000MW of extra energy as Bitcoin mining activities are picking pace in the region. Residents are worried of more power outages and blackouts.
