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In today’s edition of Bitcoin in Brief we feature stories that show cryptocurrency is still a hot topic in China, for better or worse. Additionally covered are market awareness in Germany, a mosque that accepts bitcoin donations, a new green mining farm and an MMA champ’s love for crypto. Also Read: Dominance of Big Banks in […]
The post Bitcoin in Brief Wednesday: China Fights Impersonators and Fraudsters appeared first on Bitcoin News.
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The government of India is reportedly considering levying a type of consumption tax on cryptocurrency trading and even mining. The most grievous part of this proposal is that it may also be a retroactive measure, demanding payments for past actions. Also Read: Economics Nobel Laureate Robert Shiller Examines Bitcoin in Historical Context Crypto Sales Tax The […]
The post Indian Government Considering 18% Retroactive Tax on Crypto Trading, Mining appeared first on Bitcoin News.
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The price of Bitcoin soared over the last year, which created a buzz for cryptocurrencies and sparked interest in massive Bitcoin mining operations everywhere. With all these new mining facilities popping up, cryptocurrency mining’s energy usage has also reached new heights. An energy research company based in the UK found that in the year 2017, the amount of electricity used to mine Bitcoin surpassed the annual energy usage of some 159 countries. Moreover, the energy spent globally on Bitcoin mining exceeded the electricity consumption of Ireland and most African nations. Issues that Bitcoin Miners are Facing There are serious problems as far as proof-of-work mining is concerned.Powered by WPeMatico
Graphics card manufacturer Nvidia has announced its revenues for the first quarter, mentioning separately the amount generated from sales to the crypto market. The total includes $289 million related to GPUs for cryptocurrency mining, according to a corporate report. Demand from crypto miners was stronger than expected, the company noted. Also read: New Player […]
The post Nvidia Reports $289 Million Revenue from the Crypto Sector in Q1 appeared first on Bitcoin News.
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With 80 percent of all bitcoins already mined, and the hashrate of the network reaching all-time highs, in today’s Bitcoin in Brief we are covering some news from the world of crypto mining. An Italian company is developing mobile mining farms, while in Russia a mining hotel offers an opportunity to legally earn cryptocurrency. And, […]
The post Bitcoin in Brief Friday: Farms on Wheels, a Hotel, and Even a Simulator for Miners appeared first on Bitcoin News.
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Regardless of what the central Chinese government tries to do or say, bitcoin and cryptocurrency remain popular investments among everyday people in China. And a new way to get exposure to the ecosystem just materialized for those with access to the Hong Kong market, a publicly traded company entered the mining industry. Also Read: This Week […]
The post Hong Kong Alcohol Company Buys 51% of Bitcoin Miner for $60 Million appeared first on Bitcoin News.
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A Chinese household has been stealing electricity to mine bitcoin using 50 mobile phones and 15 improvised mining rigs. The home workshop has consumed almost 33,000 kWh of unbilled electricity. That should be enough for a couple of bitcoins, but using a smartphone for the job is not really an option. Also read: 80% […]
The post Chinese Household in Trouble for Chasing a Lost Cause – Mining Bitcoin with Phones appeared first on Bitcoin News.
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The cryptocurrency mining industry is spread all over the world and includes everyone from small miners with a few GPUs at home to vast datacenters with both ASICs and racks of endless GPUs. As such, one of the best ways to get an overall view of the market is via the chip suppliers. And the […]
The post Cryptocurrency Mining Accounted for 10% of AMD’s Overall Revenue in Q1 2018 appeared first on Bitcoin News.
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This is an Op-ed article. The opinions expressed in this article are the author’s own. Bitcoin.com does not endorse nor support views, opinions or conclusions drawn in this post. Over the past few days, crypto media have been stirred up by the news that the government of Kazakhstan is considering a ban on cryptocurrency mining. […]
The post Here’s Why Kazakhstan Won’t Ban Mining and Cryptocurrencies appeared first on Bitcoin News.
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Russian citizens are expected to pay 13 percent tax on their crypto-related incomes. Amendments to the tax code are currently being prepared. The exact rates should be confirmed by the end of the year. However, lawyers have warned that even now citizens risk criminal prosecution if they fail to report gains from dealings with cryptocurrencies. […]
The post Russians Owe 13% Tax on Their Crypto Incomes appeared first on Bitcoin News.
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