News with the tag "crypto miners"

Hashrate dominance continues to be debated due to the pseudonymous and geographically distributed nature of Bitcoin mining.

According to local reports, the Russian government will ban crypto mining activities in ten key regions following the recent enactment of the new industry-related laws. It will also implement seasonal bans on other territories and potentially add more areas to the list amid the ongoing electrical cr...

JPMorgan has highlighted a transformative shift in the crypto mining industry, revealing that miners are increasingly adopting a MicroStrategy-like approach to Bitcoin (BTC) accumulation. Instead of selling reserves, miners are raising funds through debt and equity to retain their BTC holdings, a tr...

Russia has been steadily moving towards full regulation of its crypto mining industry, as government officials and industry leaders met at the first forum of the Industrial Mining Association (IMA) in Moscow. The event, which happened on October 14, involved 70% of Russia’s crypto mining farms, show...

The IMF says an 85% increase in electricity taxes for crypto miners could significantly curb global carbon emissions. The IMF says such a levy would raise annual government revenue of $5.2 billion globally. Targeted power taxes for AI data centers should be $0.032 per kilowatt hour, or $0.052, inclu...

Iran is reportedly giving out $24 to anyone who alerts authorities to illegal crypto mining operations as the country faces power shortages amid a severe heatwave. The chief of Iran’s state-run electricity company said some had exploited subsidized electricity to run crypto mining operations, strain...

Crypto miners in Paraguay are urging the state electricity board to reconsider the upcoming electricity price hike, arguing that it will harm the country’s economy and could result in losses of up to $1.5 billion. Capamad spokesperson Jimmy Kim claims that the electricity price increase set for Aug....

Capamad spokesperson Jimmy Kim claims that the electricity price increase, set for Aug. 1, may force 70% of legal crypto miners out of business.

Cryptocurrency miners in Texas are shifting their focus to AI operations to mitigate the volatility in the crypto market. As the unpredictability of crypto mining continues, supporting AI companies has become a more lucrative alternative. AI’s transformative potential across various sectors makes it...

According to a government minister, Malaysia lost $727 million worth of electricity stolen by illegal crypto miners between 2018 and 2023. The minister also warned that power companies have methods to detect unauthorized mining activity. Illegal Crypto Mining Detrimental To Malaysians Says Minister ...