Paraguay’s new bill may turn the country into mining heaven
The Senate of Paraguay sent a new bill for the approval of the President. If the bill passes, crypto miners could use affordable excess energy and be exempt from VAT.
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Bitcoin mining hashrate has dropped to a five-months low after miners in Texas temporarily suspended their operations.
Kazakhstan takes another step in its combat with crypto miners by imposing differentiated tax rates on crypto mining, including miners using renewable energy sources.
As miners are under scrutiny for adding strain to the Texas power grid, Lancium has struck a deal to use power stored in batteries during peak demand
One of the largest mining companies, Core Scientific is selling mined tokens in June to buy new machines and repay its debt amid the coldest crypto winter ever.
A recent report from 911 Metalurgist explored the cost and profitability of crypto mining, finding that mining 1 BTC will set you back anywhere between $1,400 and $246,500 — depending on where you are.
The CEO fears a contagion could spread from crypto mining companies with loans collateralized with their mining rigs that have since dropped in value.