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Cryptonews Tags Crypto Mining

# Crypto Mining (Page 5)

Russian Academics Say They’ve Created an AI Solution to Fight Illegal Crypto Mining
A group of Russian academics says it has developed an AI solution that can track down illegal crypto mining operations. Per the state-run news agency TASS, the solution is a groundbreaking “world’s first” and will let power companies “combat illegal mining.” AI Solution ‘Will Help Shut Down...
, by Tim Alper
Russian Lawmakers Want to Block Crypto Miners from Accessing Electricity Subsidies
Russian lawmakers say they want to block crypto miners from using subsidized electricity, claiming Bitcoin miners “damage the economy” by using cheaper power. The state-run news agency TASS reported that the lawmaker and State Duma Energy Committee member Boris Gladkikh sent a letter to Deputy...
, by Tim Alper
BIT Mining Continues Focus on Litecoin and Dogecoin Mining
BIT Mining reaffirmed its commitment to Litecoin (LTC) and Dogecoin (DOGE) mining on Wednesday, unveiling a strategy designed to maximize profitability through advanced mining hardware and market adaptability. The company reported that as of November 27, 2024, it had mined 84,485.42...
, by Hongji Feng
Hut 8 Launches $500M ATM Program and $250M Stock Repurchase Plan
Bitcoin mining company Hut 8 launched a $500 million at-the-market (ATM) offering and a $250 million stock repurchase program on Wednesday, bolstering its financial position to support future growth initiatives. The company stated that proceeds from the ATM program will be directed toward...
, by Hongji Feng
Siberian Local Gov’t Official Caught ‘Illegally Mining Crypto in His Garage’
A Siberian local government official has been arrested for “illegally mining crypto” using a makeshift power grid connection in his garage. In a Telegram post from the Novosibirsk Oblast’s Prosecution Service, a spokesperson said the unnamed man was a lawmaker for the Krivodanovsky Rural...
, by Tim Alper
Russia Recognizes Crypto as Property, Imposes New Tax Rules on Mining
Russian President Vladimir Putin has signed a federal law introducing a new tax rule on crypto mining while granting legal recognition to digital currencies as property. The legislation, detailed in an official document released on November 29, outlines new tax regulations and requirements for...
, by Hassan Shittu
Russian Lawmakers Approve Crypto Tax Bill: Miners to Pay 13-15% on Revenues
Russian Lawmakers have approved the government’s crypto tax bill, meaning industrial Bitcoin miners will soon have to pay levies on their revenues. The media outlet Komsomolskaya Pravda reported that the State Duma voted in favor of proposed amendments to the Russian Tax Code in the bill’s...
, by Tim Alper
Russian Power Provider Busts ‘Illegal 110-Rig Crypto Mining Farm’
The Russian power provider Rosseti is stepping up its crackdown on illegal crypto mining, and has seized 110 rigs in a major raid. The raid was carried out in Makhachkala, Dagestan, by Dagenergo, Rosseti’s North Caucasus arm, the power firm wrote on its Telegram channel. Russian Power...
, by Tim Alper
150 Russian Firms Have Already Applied for Crypto Mining Permits, Says Gov’t
Russian firms are rushing to apply for crypto mining permits, the state tax body has confirmed, with 150 applications already filed. RBC reported that the Federal Tax Service chief Daniil Egorov said the applications were all filed after November 1. Crypto Mining Permits: ‘Real Rush Is Yet...
, by Tim Alper
Putin Wants Russian Regions With Excess Power to Mine Crypto
President Vladimir Putin says Russian regions with excess power should mine crypto. But he also warned that miners should steer clear of areas where grids are under strain. The Russian President made the comments during a meeting with Alexei Nechayev, the Head of the New People party faction,...
, by Tim Alper
Russia Moves to Ban Crypto Mining in Occupied Ukrainian Territories
Russia has announced sweeping measures to ban crypto mining in select regions, including occupied territories in Ukraine and several energy-stressed areas of Siberia and the North Caucasus. The bans, which will commence in December 2024, aim to conserve electricity during winter and stabilize...
, by Hassan Shittu
Abkhazia Says It Has Shut Down ‘All Large Crypto Mining Farms’
The de facto nation of Abkhazia claims it has shut down all “large” crypto mining “farms” on its territory. The partially recognized state, on the Black Sea coast of the South Caucasus region, has suffered years of electricity woes. Crypto miners have been blamed for the disruption, which...
, by Tim Alper
BitRiver: Russian Crypto Mining Dominance Will Make Nation Global AI Leader
A BitRiver executive has claimed that the fast-growing Russian crypto mining sector could help turn the nation into a major force in the world of AI. Per the state-run news agency TASS, the comments came from Oleg Ogienko, the deputy director-general of communications at BitRiver, Russia’s...
, by Tim Alper
Russia Caps Private Crypto Mining Electricity Usage at 6,000kWh Per Month
The Russian government has capped “private” or “home-based” crypto mining monthly electricity usage at 6,000kWh. Per RBC, if miners use more than this amount, they will have to apply for a special “individual entrepreneurial” license. Crypto Mining Electricity Usage Caps: New Russian...
, by Tim Alper
‘Some’ Russian Regions to Ban Crypto Mining as Crackdown Continues
Russia’s Energy Ministry says it will ban crypto mining in “some” regions, with crackdowns on “illegal” miners intensifying in Siberia. Yevgeny Grabchak, the Deputy Minister of Energy, said that “state-level” bans were in the pipelines and would likely last “until 2030.” “[Crypto] mining...
, by Tim Alper
Russia’s Novosibirsk Cracks Down on Home Crypto Miners
More Siberian regions are cracking down on home crypto miners, with Novosibirsk law enforcers announcing the arrest of a resident of the Russian city. The Novosibirsk-based media outlet NGS reported that “security forces” believed the unnamed man had committed a form of electricity...
, by Tim Alper
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