White House wants to ‘make miners pay’ for wasteful energy usage
The White House proposes the Digital Asset Mining Energy (DAME) excise tax on such operations, which would phase in to equal 30% of their total energy costs.
The White House proposes the Digital Asset Mining Energy (DAME) excise tax on such operations, which would phase in to equal 30% of their total energy costs.
While Argo saw a 5% rise in BTC mined, its revenue dipped 36% in 2022 to $58.6 million as BTC dipped, the global hash rate rose, and network difficulty shot up.
BSV Blockchain Association Global Public Policy Director Bryan Daugherty testified before the NY Senate's Standing Committee on Banks that a scalable PoW blockchain was the only way to realize the technology's true potential.
Bank of Russia Gov. Elvira Nabiullina told members of the State Duma that the banking regulator had approved a pilot for mined digital assets to be used in settling international transactions.
Intel began making Blocksale chips in 2022, but market turmoil and a decline in mining profits have taken their toll. It will cease taking orders on October 20, 2023.
The bill sailed through the Montana Senate and House and now sits at the governor’s desk to be signed into law; meanwhile, Arkansas governor vetoed a similar bill.
Governor Katie Hobbs vetoed the bill on the eve of her first 100 days in office, saying it prevents local policymaking through a broad definition of blockchain.
Bitdeer, whose chairman Wu Jihan founded ASIC maker Bitmain, has made its debut on Nasdaq following a deal valued at $4 billion, joining fellow miners Riot and Marathon.
Bitmain must pay $3.6 million for allegedly failing to pay personal income taxes worth $2.4 million despite notices from the State Taxation Administration in Beijing.
Riot Blockchain-owned Whinstone US allegedly lied about holding building permits and power contracts in Texas, leading SBI Crypto to lose millions of dollars.
A bill passed by the Arkansas Senate grants miners the same rights as data centers, so long as they pay applicable taxes and don’t stress the grid.
Senate Bill 1751 will eliminate tax breaks and subsidies for miners and curtail their participation in the demand response program with state power firm ERCOT.