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Challenging Year for Bitcoin Miners as Fewer BTC Mining Rigs Are Profitable at Current Prices

Bitcoin.com
Challenging Year for Bitcoin Miners as Fewer BTC Mining Rigs Are Profitable at Current Prices
Antminer
Challenging Year for Bitcoin Miners as Fewer BTC Mining Rigs Are Profitable at Current PricesBitcoin miners have had a challenging year as the network’s mining difficulty reached an all-time high and the spot market price of bitcoin dropped below the cost of production. Currently, with electricity costs at $0.07 per kilowatt-hour (kWh), only 18 application-specific integrated circuit (ASIC) bitcoin mining rigs are able to turn a profit at current […]
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Montana Bitcoin (BTC) Reserve Bill Passes Out of Committee Stage, Heads Toward State House Floor Vote

Montana Bitcoin (BTC) Reserve Bill Passes Out of Committee Stage, Heads Toward State House Floor Vote

Italy Wants to Tax Crypto Gains at 26% From 2023

Bitcoin.com
Italy Wants to Tax Crypto Gains at 26% From 2023
bitcoin.com
Italy Wants to Tax Crypto Gains at 26% From 2023The new government of Italy plans to impose a 26% tax on capital gains from crypto trading, according to the draft budget for next year. The center-right coalition in power is also preparing to oblige Italians to declare their digital assets and pay 14% on their holdings. Government in Italy Intends to Tap Into Cryptocurrency […]
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Montana Bitcoin (BTC) Reserve Bill Passes Out of Committee Stage, Heads Toward State House Floor Vote

Montana Bitcoin (BTC) Reserve Bill Passes Out of Committee Stage, Heads Toward State House Floor Vote

Today’s Top Ethereum and Bitcoin Mining Devices Continue to Rake in Profits

Bitcoin.com
Today’s Top Ethereum and Bitcoin Mining Devices Continue to Rake in Profits
Algorithm
Today’s Top Ethereum and Bitcoin Mining Devices Continue to Rake in ProfitsAs the crypto economy hovers just under $2 trillion in value, application-specific integrated circuit (ASIC) mining devices are making decent profits. While ASIC miners can still mine ethereum, a 1.5 gigahash (GH/s) Ethash mining device can rake in $51.58 per day in profits. SHA256 bitcoin miners that can process at speeds up to 110 terahash, […]
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Montana Bitcoin (BTC) Reserve Bill Passes Out of Committee Stage, Heads Toward State House Floor Vote

Montana Bitcoin (BTC) Reserve Bill Passes Out of Committee Stage, Heads Toward State House Floor Vote

Russians Mining Crypto to Pay at Least 15% Tax, Companies – No Less Than 6%, Lawmaker Says

Bitcoin.com
Russians Mining Crypto to Pay at Least 15% Tax, Companies – No Less Than 6%, Lawmaker Says
bitcoin.com
Russians Mining Crypto to Pay at Least 15% Tax, Companies – No Less Than 6%, Lawmaker SaysPrivate individuals mining cryptocurrency may expect a higher tax burden than businesses involved in the industry, a high-ranking member of the Russian parliament has indicated. While the extraction of digital currencies is yet to be regulated in Russia, authorities lean towards recognizing it as an economic activity, which will allow the government to tax mining […]
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Montana Bitcoin (BTC) Reserve Bill Passes Out of Committee Stage, Heads Toward State House Floor Vote

Montana Bitcoin (BTC) Reserve Bill Passes Out of Committee Stage, Heads Toward State House Floor Vote

Political Parties in Thailand Voice Opposition to Government Plan to Tax Crypto Gains

Bitcoin.com
Political Parties in Thailand Voice Opposition to Government Plan to Tax Crypto Gains
bitcoin.com
Political Parties in Thailand Voice Opposition to Government Plan to Tax Crypto GainsAs Thailand prepares to impose a levy on crypto profits, parties on both sides of the aisle have expressed concerns over the government’s current proposal. A number of political figures have insisted that important aspects need to be clarified in order to avoid double taxation of income related to cryptocurrencies. Thai Politicians Warn About Negative […]
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Montana Bitcoin (BTC) Reserve Bill Passes Out of Committee Stage, Heads Toward State House Floor Vote

Montana Bitcoin (BTC) Reserve Bill Passes Out of Committee Stage, Heads Toward State House Floor Vote

Crypto Investors in Thailand to Pay 15% Capital Gains Tax, Report Unveils

Bitcoin.com
Crypto Investors in Thailand to Pay 15% Capital Gains Tax, Report Unveils
bitcoin.com
Crypto Investors in Thailand to Pay 15% Capital Gains Tax, Report UnveilsCrypto-related profits, such as those resulting from the trading of digital currencies, will be taxed at a rate of 15%, a finance ministry official has revealed to the local press in Thailand. After last year’s significant market growth, the department intends to improve surveillance of crypto trade in 2022. Thailand Urges Crypto Traders to Report […]
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Montana Bitcoin (BTC) Reserve Bill Passes Out of Committee Stage, Heads Toward State House Floor Vote

Montana Bitcoin (BTC) Reserve Bill Passes Out of Committee Stage, Heads Toward State House Floor Vote

Monster-Sized Bitcoin Whale Transfers: Blockchain Parser Catches Significant Amounts of ‘Cold BTC’ Moved to Active Exchanges

Bitcoin.com
Monster-Sized Bitcoin Whale Transfers: Blockchain Parser Catches Significant Amounts of ‘Cold BTC’ Moved to Active Exchanges
Active Exchanges
Monster-Sized Bitcoin Whale Transfers: Blockchain Parser Catches Significant Amounts of ‘Cold BTC’ Moved to Active ExchangesTwo days ago on November 30, the price of bitcoin (BTC) tapped a high that day reaching $59,250 per unit, but it has since dropped close to 5% in value to just above the $56K region. Onchain statistics indicate that whales and long-term holders (LTHs) have been spending over the last month and blockchain parsers […]
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Montana Bitcoin (BTC) Reserve Bill Passes Out of Committee Stage, Heads Toward State House Floor Vote

Montana Bitcoin (BTC) Reserve Bill Passes Out of Committee Stage, Heads Toward State House Floor Vote

Finance Committee Approves Legislation Delaying Crypto Tax in South Korea

Bitcoin.com
Finance Committee Approves Legislation Delaying Crypto Tax in South Korea
amendments
Finance Committee Approves Legislation Delaying Crypto Tax in South KoreaChanges meant to postpone the introduction of a tax on virtual assets such as cryptocurrencies in South Korea have been approved by an important parliamentary committee. The draft legislation seeks to delay Seoul’s plan to impose a 20-percent levy on gains from crypto transactions. Ahead of Election, Major Parties Support Tax Break for Crypto Investors […]
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Montana Bitcoin (BTC) Reserve Bill Passes Out of Committee Stage, Heads Toward State House Floor Vote

Montana Bitcoin (BTC) Reserve Bill Passes Out of Committee Stage, Heads Toward State House Floor Vote

Higher Bitcoin Prices Create Resurrection of Old Mining Rigs, Outdated Miners See New Life

Bitcoin.com
Higher Bitcoin Prices Create Resurrection of Old Mining Rigs, Outdated Miners See New Life
$0.12 per kWh
Higher Bitcoin Prices Create Resurrection of Old Mining Rigs, Outdated Miners See New LifeThe price of bitcoin has dipped a hair in value this past week, but the crypto asset is still up 14.4% over the course of the last month. Statistics show that Bitcoin’s hashrate has seen a resurgence and because bitcoin’s price has increased, mining profitability and hashrate has followed suit. Today’s top bitcoin mining rig […]
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Montana Bitcoin (BTC) Reserve Bill Passes Out of Committee Stage, Heads Toward State House Floor Vote

Montana Bitcoin (BTC) Reserve Bill Passes Out of Committee Stage, Heads Toward State House Floor Vote

Alternative Mining Algorithms Reap Higher Profits Than Bitcoin Mining in 2021

Bitcoin.com
Alternative Mining Algorithms Reap Higher Profits Than Bitcoin Mining in 2021
Bitcoin mining
Alternative Mining Algorithms Reap Higher Profits Than Bitcoin Mining in 2021Cryptocurrencies have jumped quite a bit in value over the course of the year and miners who verify transactions and earn digital assets have seen significant profits. While bitcoin miners have been seeing daily profits rise, a great number of other mineable digital currencies are pulling in much larger yields. Blake256R14 and Ethash Machines Pull […]
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Montana Bitcoin (BTC) Reserve Bill Passes Out of Committee Stage, Heads Toward State House Floor Vote

Montana Bitcoin (BTC) Reserve Bill Passes Out of Committee Stage, Heads Toward State House Floor Vote

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