Crypto miners Financial News

13.09 / 10:37

Digital Crypto miners Why crypto miners are getting hit on all sides

Last year was harvest time for crypto miners. But now, they're getting hit on all sides as crypto prices plunge, miners' electricity bills surge and practically no one wants to buy their equipment.

05.08 / 18:47

business Blockchain Mining Bitcoin Crypto miners Antminer S19 XP dropped in a bid to swing crypto miners back into profit

With the Bitcoin (BTC) price moving at a very steady pace during the crypto winter, the return on investment (ROI) on a new mining device seems like a shot in the dark. But a mining expert explained there may be hope for miners to make a comeback to profit.

31.07 / 07:59

Waves Lowe's Time Crypto miners Smartkarma Research: Crypto mining industry series: Time to focus on efficient crypto miners

Key TakeawayBitcoin’s price dropped ~50% year-to-date and has since bottomed in the lows ~$18Ks, a ~75% drawdown from BTC’s all-time high in 2021. We had seen a massive wave of margin calls when investors, crypto mining companies, banks, and hedge funds were forced to liquidate positions in cryptocurrencies while the crypto market has lost ~$2 trillion in value for the last three months.

26.07 / 17:18

education Texas Bitcoin Crypto miners Texas a Bitcoin ‘hot spot’ even as heat waves affect crypto miners

Record-breaking heat waves are being documented across the world as extreme weather is worsening due to climate change. States throughout America are continuing to see temperatures rise above 100 degrees Fahrenheit (38 degrees Celsius), while the United Kingdom recently saw temperatures reach 104 degrees Fahrenheit (40 degrees Celsius).

12.07 / 00:39

business Mining Texas Crypto miners Crypto miners in Texas shut down operations as state experiences extreme heat wave

With many parts of Texas enduring days of temperatures well over 100 degrees Fahrenheit in July, many crypto miners have shuttered operations in anticipation of the state’s energy grid being unable to meet demand.

29.06 / 11:09

Digital Bitcoin Crypto miners Plunging bitcoin hits crypto miners

The plummeting price of bitcoin could force crypto miners to sell the tokens to fund operations, further pressuring the digital currency.

12.06 / 15:01

cryptocurrency cryptocurrency news Power Crypto miners NY Bill Aims To Limit Crypto Miners Using Fossil Fuel-Generated Power

NY bill aims to limit crypto miners using fossil fuel-generated power

30.05 / 14:33

Mining regulation Bitcoin Crypto miners Gov't says crypto miners consume 2% of total electricity in Russia

Crypto miners account for two percent of the total electricity consumption in Russia, according to the latest government estimate.

20.05 / 22:57

business Mining Crypto miners 3K+ Bit Digital hosting partner's crypto miners go offline after explosion and fire

New York-headquartered crypto mining firm Bit Digital reported two of its hosting partners ceased operations to more than 4,800 rigs following power disruptions at different facilities.

11.05 / 00:37

Government Environment POW Crypto miners Environmental groups urge US government to take action on crypto miners

A group of eight organizations focused on the environment have called on different government agencies under the Biden administration to implement new approaches in response to Proof-of-Work and other crypto mining operations.

05.05 / 04:09

Government Law Electricity Power Consumption Crypto miners Kazakhstan ramps up power consumption reporting requirements for crypto miners

The government of Kazakhstan has laid out new reporting requirements for cryptocurrency mining operators with a keen eye on how the industry's energy usage affects the local power grid.

07.04 / 18:23

business Blockchain Technology Bitcoin Crypto miners The race for semiconductors: Are crypto miners taking the lion's share?

Over the last couple of years, the world has been grappling with the lack of semiconductors, which are the substances that conduct electricity between metals and isolates. The most famous semiconductor is silicon.

17.03 / 14:05

Blockchain Provident Software Crypto miners Crypto miners can get paid to stop working. Here’s how

Cryptocurrency miners can earn money by not mining, as long as they have the right software.

15.03 / 13:31

Entertainment Gaming proof-of-work Crypto miners Bitcoin & Crypto Miners Set to Face Fresh EU Scrutiny After Rejected Proof-of-Work Ban

The European Union still has its sights set on bitcoin (BTC) and ethereum (ETH) miners – despite rejecting a proposed rule that would have effectively banned proof-of-work (PoW) mining across the union.

19.02 / 23:33

business Government Ethereum Bitcoin Crypto miners Mining worldwide: Where should crypto miners go in a changing landscape?

One of the main themes among the crypto community in 2021 was China’s aggressive policy toward mining, which led to a complete ban on such activities in September.

19.02 / 01:39

Government Bitcoin lawmakers Crypto miners Georgia lawmakers consider giving crypto miners tax exemptions in new bill

Five members of the Georgia House of Representatives have introduced a bill that would exempt local crypto miners from paying sales and use tax.

14.02 / 11:57

Law Taxes Bitcoin Crypto miners Crypto miners exempt from IRS reporting rules, US Treasury affirms

The cryptocurrency industry in the United States is about to score a major legal win as the U.S. Treasury Department plans to spare crypto miners, and other "ancillary parties" from tax reporting rules.

08.02 / 15:51

Energy Tax Bitcoin Crypto miners New Taxes Await for Kazakhstan’s Beleaguered Bitcoin and Crypto Miners

The government of Kazakhstan has unveiled a package of measures aimed at further taxing the nation’s Bitcoin (BTC) and crypto mining sector. The measures will involve tax hikes on electricity, a crackdown on unregistered miners, a tax on mining hardware, and the introduction of VAT charges on mining-related equipment sales.

08.02 / 07:49

regulation Bitcoin Power Crypto miners Kazakhstan proposes power price hikes and taxes targeting crypto miners

The Kazakh government is considering a three-pronged proposal designed to make crypto miners pay much more for operating in the country, which could make Kazakhstan less attractive to the industry.

25.01 / 01:21

business Mining Electricity Power Crypto miners Fitch Ratings warns of risks crypto miners pose to US power supply

Global credit rating agency Fitch Ratings is warning public power utilities across the United States to mitigate the risk crypto mining could post their production of power.

07.01 / 18:01

cryptocurrency Bitcoin Crypto miners Bitcoin price slumps as Kazakhstan Internet black-out hits crypto miners

The price of Bitcoin slumped on Friday to lows not seen since September as Kazakhstan, the second-biggest country for Bitcoin mining, lost Internet access amid the political upheaval over energy prices.

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