Tag: Crypto mining

Russian prosecutors have dismantled a sprawling illegal cryptocurrency mining operation covering 30,000 square meters within an industrial plant in Nazarovo, Central Siberia. The facility was situated on state-owned land approximately 240 kilometres west of Krasnoyarsk, according to an official statement from the Krasnoyarsk Krai Prosecutor’s Office on Telegram. The open-air ...

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 ...

Starting January 1, 2025, cryptocurrency mining will be deemed illegal in Chechnya, with violators facing severe punishment, according to Adam Delimkhanov, a lawmaker in the Republic’s legislative chambers. Speaking to local media outlet Tsargrad TV, Delimkhanov stated that crypto miners in the Chechen Republic will be treated as terrorists, following ...

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 ...

According to Russia's state news agency TASS, a Kremlin official has cautioned that Russia could face an energy shortage within the next 5 to 10 years due to the rapid growth of crypto mining. Maxim Oreshkin, deputy head of the presidential administration, raised concerns about pressure on Russia's energy supply ...

Northern Data, a Germany-based company specializing in crypto mining and artificial intelligence, announced plans to consider selling its Peak Mining unit to strengthen its position as a dedicated AI solutions provider, with backing from stablecoin issuer Tether. In a press release published today, October 21, the company explained that this ...

United States Senator Elizabeth Warren, known for her strong anti-crypto stance, has once again raised alarms about the risks of foreign-owned cryptocurrency mining operations in the country. During a Senate Committee on Banking, Housing, and Urban Affairs hearing on July 25, Senator Warren warned that these operations pose significant national ...

President Joe Biden has issued an order halting further operations of a China-linked cryptocurrency mining company on land near a nuclear missile base in Wyoming. The White House published an order on May 13, 2024, compelling  MineOne Cloud Computing Investment and its affiliates to divest their property near the Francis ...

Lawmakers in Arkansas's House of Representatives have passed two bills that potentially lay the groundwork for potential restrictions on cryptocurrency mining in the State. While these bills have not yet evolved into full-fledged laws, they have initiated crucial discussions and could lead to significant regulatory changes. During a hearing on ...

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 ...