Mining

Russia’s central bank intends to permit the creation of crypto mining organizations outside of the country, Russian news site TASS said on April 17. Elvira Nabiullina, head of the Bank of Russia, said that Russian entities will be allowed to establish special authorized organizations for cryptocurrency mining. However, the scope of permitted activities is still […]

Intel announced the end of first-gen Blockscale 1000-series Bitcoin-mining ASICs on April 18, despite the chips contributing both efficiency and a rise in revenue in 2022 — up from 2021. The announcement — initially reported by Tom’s Hardware — cited “a tighter focus on its IDM 2.0 operations” as the rationale behind the decision to […]

Several crypto stakeholders have described Senator Elizabeth Warren’s latest tweet about Bitcoin (BTC) mining activity as “disinformation.” The Democrat senator had agreed with a New York Times report that Bitcoin mines were increasing energy bills for Americans and causing as much pollution as 3.5 million cars. Warren said she has severally called attention to “the […]

Arizona Governor Katie Hobbs vetoed legislation that aims to prevent local governments from taxing crypto mining operations in a letter published on April 12. Veto aims to allow crypto mining taxes, fees Hobbs’ letter indicates that she has vetoed a bill designated SB 1236. That bill aims to ensure that taxes and fees imposed on […]

Montana is on the verge of passing a bill that will protect citizens’ “right to mine” cryptocurrencies in the state. The bill — SB 178 — passed through the state’s House of Representatives on April 12 with 64 votes in favor and 35 against. The bill was sent back to the Senate following House voting and […]

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Ad Riot Platforms has responded to claims from The New York Times regarding its crypto mining practices, as seen in a statement on April 10. Riot contests energy use claims On April 9, the New York Times published an article titled “The Real-World Cost of the Digital Race for Bitcoin,” which described the activities of […]

Ad The Texas Blockchain Council — a trade advocacy group — launched a campaign to denounce a recent bill seeking to eliminate various incentives available for Bitcoin miners in the state. The campaign — called “Don’t Mess With Texas Innovation” — intends to block the bill, which is due for voting by the state Senate. […]

Ad Several crypto stakeholders have criticized the New York Times April 10 report on Bitcoin (BTC) mining, arguing that it does not reflect happenings in the industry. What NYT wrote According to the report, Bitcoin mining consumes as much electricity as a small city. The report added that the activities do not generate economic value, […]

The U.S. state of Arkansas has passed a bill that aims to protect the local right to mine cryptocurrency, as seen in state legislature records. Those records indicate that the bill was passed by the House and Senate on April 6. It was enrolled and sent to the Governor’s office, where it requires approval, on […]