Russia’s Energy-Rich Areas Have Drafted Crypto Mining Laws

Authorities in Russia are focusing on bringing clarity to their cryptocurrency regulations. The new rules will impact the crypto mining sector in the nation. Consequently, operators will have clear guidelines to follow. Regulating The Bitcoin Mining Industry RBC, a Russian news organization, released a report on September 29th. According to the report, the Bank of […]

Michael Saylor Feels Bitcoin Is Better Than Conventional Property

Michael Saylor, CEO of MicroStrategy, has been an outspoken supporter of Bitcoin (BTC) since its inception. At the Australia Crypto Convention, he reaffirmed his position in favor of BTC. He further highlights the difficulties inherent in transferring the value of gold, equities, and real estate.   Digital Money Has Fewer Risks Than Traditional Investments Saylor says […]

Hive Blockchain Explores Other Mineable Coins Ahead Of ETH Merge

Crypto mining firm, Hive Blockchain, is working to replace Ethereum mining with other mineable coins. The company is undertaking this project if ETH finally transitions to the PoS (proof-of-stake) consensus mechanism.  Hive Working To Optimize Its ETH Mining Capacity  On September 6th, the Canadian-based crypto mining company stated that it has been working on other […]

Crypto Mining Consumes 2% Of Total Electricity Supply In Russia

Crypto Miners Consume More Energy Than Agric Sectors Cryptocurrency mining is not forbidden in Russia, at the same time it is not within the coverage of the country’s law. This makes it risky business to investors. However, after the announcement of the latest electricity consumption estimate, the Russian regulators clamored for the regulation of crypto […]

Intel Launches 2nd Generation BTC Mining Chip

Intel has announced the release of the Blockscale ASIC, a second-generation BTC mining chip that the company will use to increase its mining speed and efficiency. Mining Chip To Increase Efficiency  As announced on Monday, the latest mining chip will provide more efficiency in energy usage. Also, the company has stated that the chips will […]

Oklahoma’s Lawmakers Propose Tax Break Bill For BTC Miners

Legislators in Oklahoma have taken legislative steps in recent days that, if passed, would provide a tax benefit to cryptocurrency and BTC miners who want to establish a business presence in the region. Oklahoma Supports Crypto Mining  A bill introduced by state legislator John Montgomery and the representative of the state, Ryan Martinez this year […]