Biden budget proposes 30% tax on crypto mining electricity usage
A phased-in 30% tax on cryptocurrency mining electricity costs has been proposed by United States president Joe Biden in his ...
Tag: Bitcoin Mining
Bitcoin mining is the process of confirming transactions and adding them to the public ledger (blockchain) using computing power. It involves competing with other miners to solve complex mathematical problems with specialized software in order to validate transactions and earn newly created Bitcoins as a reward.
Crypto mining stocks surge to yearly highs after Bitcoin bounces back
The Bitcoin (BTC) price rebound to a multi-month high has also positively affected mining stocks. Many crypto-mining stocks recorded their ...
Bitfarms seeks to modify loan facility with BlockFi as bear market drags on
Bitcoin (BTC) mining company Bitfarms has unveiled plans to modify an existing loan agreement with BlockFi — a move the ...
Argo Blockchain mines 25% less Bitcoin due to winter storm at Helios
Publicly-listed Bitcoin (BTC) mining company Argo Blockchain saw a significant drop in mining activity in December 2022 due to a ...
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