#mining

Crypto Mining Definition Removed From Russian Digital Currency Regulation Draft Bill

The proposed law on digital assets in Russia will fail to clarify tax issues for miners after the lawmakers have removed the definition of crypto mining from the draft bill on digital currency regulation.

Bitfury Launches New Enterprise Grade Bitcoin Mining Server

The Bitfury Group, a security and infrastructure provider for the Bitcoin Blockchain, today launched its new enterprise grade Bitcoin miner, the Bitfury Tardis, the latest generation of the B8 mining server.

World’s Largest Bitcoin Mining Pool Launches Ethereum and Ethereum Classic Operation

BTC.com, the world’s largest Bitcoin mining pool, has announced it is expanding its offerings to include Ethereum (ETH) and Ethereum Classic (ETC).

Bitcoin Mining Giant Ebang Comes With New E11 And E11+ Devices, Plans for IPO

Mining equipment manufacturer Ebang International has announced release of new E11 and E11+ miners with rumors circulating that these new devices may outdo all existing alternatives in terms of performance. At least this is what  Blockstream CSO Samson Mow says.

Despite Decline in Bitcoin Prices Mining Hash Rate Keeps Rising

Despite the significant decline in Bitcoin prices since the beginning of 2018, the network’s hash rate continues to increase showing a complex nature of economics of cryptocurrency mining.

Nuclear Scientists Arrested in Russia for ‘Bitcoin Mining Plot’

Russian security officers have arrested several scientists working at a top-secret Russian nuclear warhead facility for allegedly mining crypto-currencies.

Russian Central Bank Pushes For ‘Professional’ Miners Taxation

The deputy head of Russia’s central bank Olga Skorobogatova has stated that cryptocurrency mining as a business has to be registered and taxed. The official insists that mining is more than just production of cryptocurrencies. “Mining is validation of transactions that are represented as blocks on the blockchain. Validation is carried out by finding complex […]

Russian Authorities Receive Putin’s “Signal” to Spearhead Cryptocurrency Mining

In the latest twist of events, Russian government claimed it intends to “head and legally regulate” issuance and turnover of cryptocurrencies.

Russian Mining Center Raises Record-Breaking $43.2m Through ICO

Russian Mining Center, a holding co-founded by a company owned by Russian internet ombudsman Dmitry Marinichev, has raised $43.2 million over an ICO, thus setting a new record amount raised by a local company.

Vitalik Buterin: Proof-of-Stake Might Drive Ethereum Miners out of Business

Even though mining today is quite profitable, this industry may fade into oblivion in the long run, Ethereum founder Vitalik Buterin told Russian publication Kommersant.

National Bank of Ukraine Struggles to Clarify Bitcoin’s Legal Status as Mining Farms in Kyiv Raided by Police

According to the official comment by Oleg Chupriy, the deputy chairman of the National Bank of Ukraine, Bitcoin has no legal status in Ukraine.

Ukraine’s Law Enforcement Launch Raids on Local Miners

Even though Ukraine’s legislation does not include any direct bans on cryptocurrency mining, miners have become objects of interest for the SBU, the country’s security service, and other law enforcement agencies.