Mining
Sweden averse to Bitcoin mining amid rapid rise in energy demand
Sweden is looking to redirect the energy being used by crypto miners to operations that would create more jobs in the country.
Zeynep Geylan 3 min read
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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.
Bear Market
Bitcoin miners still under pressure to sell but declining production costs provide relief
Recent events have led to an uptrend in miners liquidating BTC holdings. However, falling hash rate and difficulty are working to alleviate pressures.
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Bear Market
Bitcoin production cost decline could be a negative for price, JPMorgan says
The bank strategists wrote that the decline in production cost is due to a reduction in electricity use
Mining
Bitcoin hashrate plummets as Texas-based miners suspend operations
Bitcoin mining hashrate has dropped to a five-months low after miners in Texas temporarily suspended their operations.
Taxes
Kazakhstan imposes new tax rules on crypto miners
Kazakhstan takes another step in its combat with crypto miners by imposing differentiated tax rates on crypto mining, including miners using renewable energy sources.
Mining
Texas cryptocurrency miner to use power from batteries to support grid stability
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
Bear Market
Mining giant is forced to sell-out 79% of BTC to pay debt
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.
Mining
Crypto mining profitability varies wildly based on location
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.
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SBF says FTX could acquire distressed BTC mining companies to prevent contagion fears
Mining
Bitcoin miners are facing harsher conditions despite easier mining difficulty
Mining
Compass Mining denies allegations of $1.2M unpaid electricity bill, CEO, CFO resign
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