Tag: Crypto mining

Nebraska Lawmakers Approve Limits on Crypto Mining in Final Legislative Reading

Nebraska Lawmakers Approve Limits on Crypto Mining in Final Legislative Reading

Nebraska legislators have passed a bill imposing new restrictions on cryptocurrency mining. The legislation seeks to mitigate these operations' environmental and infrastructural effects while considering economic growth and sustainable energy consumption. This decision comes as a response to the state's expanding crypto-mining sector. The approved bill imposes specific restrictions on ...

Is Crypto Mining Still Profitable for Individuals?

Is Crypto Mining Still Profitable for Individuals?

Crypto mining has come a long way since the early days when anyone could mine Bitcoin using a simple personal computer. Today, it requires specialized hardware such as ASICs (Application-Specific Integrated Circuits), which are highly efficient but also energy-hungry and costly to maintain. As a result, the process has become ...

Biden Administration Pushes for 30% Crypto Mining Tax

Biden Administration Pushes for 30% Crypto Mining Tax

The Biden administration has reiterated its support for the proposed Digital Asset Mining Energy (DAME) tax, which would impose a 30% excise tax on the electricity consumed by cryptocurrency miners.  The White House's Council of Economic Advisers (CEA) released a statement on May 2, 2023, supporting the tax and citing ...

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