Auto Added by WPeMatico

Norway Prepares to Reverse Electricity Tax Cut for Cryptocurrency Miners

The Norwegian government is reviewing a proposal to abolish the policy of preferential tax treatment for data centers mining cryptocurrency with cheaper electricity. The executive power in Oslo says conditions…

Continue ReadingNorway Prepares to Reverse Electricity Tax Cut for Cryptocurrency Miners

Bill Aims to Limit Crypto Mining in Kazakhstan Only to Registered Companies

New legislation proposed in the parliament of Kazakhstan will allow only authorized miners to mint digital currency, if adopted. The draft has been designed to comprehensively regulate the industry and…

Continue ReadingBill Aims to Limit Crypto Mining in Kazakhstan Only to Registered Companies

Russia to Supply Electricity to Kazakhstan’s Cryptocurrency Miners

Russia is preparing to provide Kazakhstan with additional energy needed to operate crypto mining farms in the Central Asian nation. New arrangements will allow Kazakhstan’s miners to buy electricity directly…

Continue ReadingRussia to Supply Electricity to Kazakhstan’s Cryptocurrency Miners

Is post-Merge Ethereum PoS a threat to Bitcoin’s dominance?

Cory Klippsten, the CEO of Swan Bitcoin, shares his views on how "the competition for liquidity" between Bitcoin and Ethereum will play out after the latter's switch to a proof-of-stake…

Continue ReadingIs post-Merge Ethereum PoS a threat to Bitcoin’s dominance?

Vietnam Crypto Miners Complain About Losses From Ethereum’s Merge

Miners in Vietnam have expressed grievances over the loss of business following Ethereum’s transition to a consensus mechanism that does not require the energy-intensive computing they were providing. Many are…

Continue ReadingVietnam Crypto Miners Complain About Losses From Ethereum’s Merge

Solar-Powered Crypto Farm in Australia to Prove Bitcoin Mining Can Be Green

A crypto mining data center in the state of South Australia will be running mainly on solar-generated electricity, a media report reveals. The coin minting facility has been set up…

Continue ReadingSolar-Powered Crypto Farm in Australia to Prove Bitcoin Mining Can Be Green