Ordinals Upend Bitcoin Mining, Pushing Transaction Fees Above Mining Reward for First Time in Years
Several mining pools such as Luxor Technologies and AntPool mined blocks on Monday where fees exceeded Bitcoin’s block subsidy of 6.25 BTC.
Russia May Take Up 18% of Bitcoin Hashrate in Next Big Migration of Crypto Miners, Experts Say
Increasing regulatory pressures, tax burden and energy costs in countries like the U.S. and Kazakhstan are likely to result in a new great migration of crypto miners, Russian analysts believe.…
Why the Head of Texas Blockchain Council Does Not Believe Mining Bill Will Pass
Texas could still become a hub for crypto companies, even if it passes a bill that curbs bitcoin mining incentives.
Kazakhstan Collects Approx $7 Million in Tax From Crypto Miners in 2022
As of April 27th, the government has earned 240M tenge in mining fees this year alone. The Central Asian nation provided 13.22% of the overall Bitcoin hash rate.
Kazakhstan Collects Approx $7 Million in Tax From Crypto Miners in 2022
As of April 27th, the government has earned 240M tenge in mining fees this year alone. The Central Asian nation provided 13.22% of the overall Bitcoin hash rate.
Amid Pending State Mining Bills, One Has Become Law
Montana’s governor has officially signed crypto mining-friendly legislation that passed the state’s house and senate earlier this year, while similar laws remain on the precipice.
Bitcoin Miners Reap Profits As Mining Difficulty Hits 3-Month Low
Bitcoin miners have received a boost in profits after the scheduled difficulty level adjustment resulted in a positive balance. This is the first time since February that the difficulty, which…
President Biden proposes 30% tax on bitcoin mining in federal budget proposal
President Biden’s 2024 federal budget proposal has drawn criticism from the mining industry for including a provision to tax up to 30% of the electricity costs incurred by miners of…
Montana Passes Pro-Crypto Mining Bill “Right To Mine” Into Law
Montana’s “Right to Mine” bill prevents local governments from passing laws that prohibit cryptocurrency mining. Legalizing crypto mining in Montana is expected to bring economic benefits and promote innovation in…
White House Pushes for Punitive 30% Tax on Crypto Mining Operations
U.S. President Joe Biden is looking to impose a punitive tax on crypto mining operations for the “harms they impose on society,” the White House’s Council of Economic Advisers (CEA)…
