Kazakhstan authorities outline crackdown on illegal mining
Kazakhstan has formed an interagency group led by the Tax Committee to combat illegal miners, according to Deputy Energy Minister Zhandos Nurgambetov.All about cryptocurrency mining, including Bitcoin and other digital currencies. News on mining in China, Russia, Ukraine, and globally. Learn what cryptocurrency mining is and how it works.
Kazakhstan authorities outline crackdown on illegal mining
Kazakhstan has formed an interagency group led by the Tax Committee to combat illegal miners, according to Deputy Energy Minister Zhandos Nurgambetov.
Dagestan Leads in Mining-Related Electricity Theft
More than half of the mining-farm electricity-theft cases in the North Caucasus Federal District are in Dagestan.
Illegally connected mining farm found near Moscow
Employees of the Rosseti Moscow Region branch discovered a mining farm near Istra with signs of illegal energy consumption.
Monero community alarmed by potential 51% attack risk on the network
The Monero community has raised concerns about the concentration of mining power in the MineXMR pool. Some say this poses a potential risk of a 51% attack.
Kazakhstan considers tenfold rise in mining tax
The Ministry of National Economy of Kazakhstan proposed increasing the mining tax on cryptocurrencies tenfold.
Russia proposes partial tariff cuts for crypto-mining connections.
The Ministry of Economic Development of the Russian Federation proposes to permit cryptocurrency mining in regions with a sustained surplus of electricity generation and to introduce affordable tariffs for its use by companies.
Kazakhstan, the country that failed to keep miners: how government policy is driving miners away
After the influx of Chinese miners in 2021, Kazakhstan became one of the world's leading players in Bitcoin hash-rate share. We examine why Kazakhstan, which had just begun to become a mecca for the mining business, risks losing it all.
US miners earned $4 million mining Bitcoin by burning natural gas
23-year-old Texans Brent Whitehead and Matt Lochstroh founded a company that mines Bitcoin on oil fields.
Bitcoin network hash rate hits an all-time high
On Saturday, February 12, the Bitcoin network hash rate rose to an all-time high above 248 EH/s. In the last 24 hours, the metric rose by more than 30%.
Intel names customers for its new Bitcoin-mining chip
Intel plans to release a specialized Bitcoin-mining chip by the end of 2022, and several companies have already been added to the waiting list, according to the chipmaker's website.
Hungary’s central bank backs full ban on cryptocurrencies and mining
The head of Hungary's central bank György Matolcsy urged the EU to ban cryptocurrency trading and mining.
Kazakhstan authorities plan to license cryptocurrency miners
To address electricity shortages and bring shadow miners into the legal sector, Prime Minister Alihan Smailov instructed the development of rules introducing licensing for cryptocurrency mining. The announcement is on the prime minister's website.We use cookies to improve the quality of our service.
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