Mining

On May 2, 2023, the Biden administration unveiled a blog post outlining a Digital Asset Mining Energy (DAME) tax, which appeared in the president's sweeping 182-page budget proposal for fiscal year 2024. The DAME tax targets "make…

The White House Council on Economic Activities (CEA) is looking to sanction the crypto mining sector stating that high energy consumption by crypto miners has spillover effects on the environment and quality of life. In a major move,…

The kingdom of Bhutan - a landlocked country located in the eastern Himalayas - has reportedly used its renewable energy sources to power its bitcoin mining operation for years. A government representative said that the…

Mawson Infrastructure Group announced Monday that the company has secured a new mining site in Corning, Ohio. The bitcoin miner, on May 1, 2023, revealed its plans to have miners installed at the new location by the third quarter of…

Block, a company owned by former Twitter CEO Jack Dorsey, has completed a prototype design for a high-performance 5nm Bitcoin mining ASIC. The company announced this in an update mail On April 28, 2023. The US company noted that…

While bitcoin's impact on the environment has been discussed at length over the past couple of years, the latest AI software trend is now under fire for its carbon footprint. According to many headlines and academic papers this…

Chinese authorities have fined leading crypto-mining hardware maker Bitmain for tax-related violations, local media reported. The penalty comes amid increasing tax checks in the digital asset sector, according to information from…

Buncombe County's plan to halt bitcoin mining for another year would be a setback for an industry facing regulatory pressure.Buncombe County commissioners are moving forward with a plan to impose a…

The largest mining pool by hash rate share will not offer its services for free, according to a notice sent to customers.Foundry, the Bitcoin mining arm of the Digital Currency Group, will stop…

New data indicates that Russia now ranks second in terms of energy capabilities involved in cryptocurrency mining. Despite ongoing regulatory uncertainty and the negative effects of sanctions, the amount of power allocated to the…