Tag: Mining

Bitcoin Mining Industry Spared From 30% Tax In US Debt Ceiling Deal

Bitcoin Mining Industry Spared From 30% Tax In US Debt Ceiling Deal

Bitcoin mining has recently been in the spotlight as a potential beneficiary in a pivotal trade. Ohio Representative Warren Davidson revealed that an interim deal, designed to stop the United States government from defaulting on its debts, could bring relief to cryptocurrency miners. In particular, Read More

Riot Defends Bitcoin Mining Against NYT’s False Allegations

Riot Defends Bitcoin Mining Against NYT’s False Allegations

Bitcoin (BTC) mining has faced increased scrutiny from the US government and environmental critics in recent years. Certain groups have raised concerns that the energy consumption required to validate transactions on the network contributes to global carbon emissions. A recent article by The New York Read More

Bitcoin Mining Hashrate Registers Third Largest 3-Month Spike In Last 5 Years

Bitcoin Mining Hashrate Registers Third Largest 3-Month Spike In Last 5 Years

Data shows that Bitcoin mining hashrate recently recorded its third biggest 3-month increase in the last five years. Bitcoin mining hashrate has risen sharply recently As an analyst of twitter pointed, only the aftermath of China’s 2021 ban and the 2019 bear market saw faster Read More

Argo Blockchain Continues To Increase Bitcoin Mining, Outpacing Difficulty Growth

Argo Blockchain Continues To Increase Bitcoin Mining, Outpacing Difficulty Growth

The cryptocurrency market remains in the bearish zone even after several months. In the last week, major coins such as Bitcoin and Ethereum have seen a decline; for now, it is impossible to determine the outcome in the near future. But some companies are still Read More