Bitcoin’s Computational Power Falls 9.95% After Record Hashrate

September 18, 2024 Bitcoin.com

Bitcoin

Recent metrics reveal that after Bitcoin’s network hashrate reached an all-time high of 693 exahash per second (EH/s) and saw a 3.58% difficulty increase, its computational power decreased this week. In the nine days since this peak, the hashrate has fallen by 9.95%. Bitcoin Miners Confront Economic Hurdles as Bitcoin Hashrate Dips Bitcoin miners are […]

Arizona Senate Approves Strategic Digital Assets Reserve Bill, Advances to House

Crypto Miners Pay Kazakhstan $7 Million in Taxes Amid Uncertain Future for Sector

May 5, 2023 Bitcoin.com

Crypto Miners Pay Kazakhstan Million in Taxes Amid Uncertain Future for Sector

Bitcoin

The government of Kazakhstan has collected over $7 million in taxes this and last year from enterprises mining cryptocurrency in the country. The news comes amid growing regulatory pressure that is limiting the industry’s access to low-cost energy while increasing its tax burden. Miners Face Higher Expenses, More Challenges Under New Legislation Kazakhstan’s coffers have […]

Arizona Senate Approves Strategic Digital Assets Reserve Bill, Advances to House

Russia Takes Second Place Rank by Power Capacity in Crypto Mining, Reports

April 9, 2023 Bitcoin.com

$POWER

Russia is now ranking second in terms of energy capacities engaged in the extraction of cryptocurrencies, new data suggests. Despite persisting regulatory uncertainty and the negative effects of sanctions, the amount of power devoted to the sector has been growing, reaching record highs this year. 1 GW of Electrical Power Involved in Crypto Mining in […]

Arizona Senate Approves Strategic Digital Assets Reserve Bill, Advances to House

Russia Expands Its Crypto Mining Capacity, Report Reveals

February 4, 2023 Bitcoin.com

bitcoin.com

The total capacity of crypto mining facilities in Russia has been increasing in the past year, despite the market downturn and sanctions, according to a survey of leading operators. Depressed prices of mining equipment and stronger interest from domestic customers have been identified as major factors for the trend. Miners Prepare for Growth as Total […]

Arizona Senate Approves Strategic Digital Assets Reserve Bill, Advances to House

Sanctions, Disagreements Hamper Regulation of Crypto Mining in Russia, Experts Say

August 25, 2022 Bitcoin.com

Bank of Russia

The changing geopolitical and economic environment, as well as persisting differences between responsible government institutions, are hindering the advance of legislation tailored to regulate cryptocurrency mining in Russia. According to a report quoting industry watchers, these factors are halting the advance of the necessary legislation. Two Draft Laws on Mining Await Approval by the Russian […]

Arizona Senate Approves Strategic Digital Assets Reserve Bill, Advances to House

More Regulations Proposed to ‘Streamline’ Mining Sector in Kazakhstan

November 28, 2021 Bitcoin.com

$POWER

Authorities need to expand the regulatory framework for cryptocurrency miners, a member of the parliament in Kazakhstan has suggested. The additional rules should streamline their activities and help correct the forming public opinion that they are responsible for the country’s electricity deficit. Crypto Mining in Kazakhstan Needs Additional Regulations, Lawmaker Says New regulatory requirements and […]

mining sector