Abkhazia Bans Bitcoin Mining Shortly After Legalizing It
The troubled economy and extremely cheap electricity of Abkhazia attracted bitcoin mining, but now the government is cracking down.
The company also completed the signing of definitive agreements for 12,246 units of bitcoin mining machines with a total hashrate of 288PH/S.
The firm is acquiring the facility with the goal of “increasing the American footprint in the global bitcoin mining landscape.”
The revenue for its crypto-specific GPUs is three times the company's projections.
There's a simple word for projects that seek to advantage miners while systematically exploiting blockchain users, say three researchers.
The acquisition of mining equipment maker Bee Computing comes amid the lottery-turned-crypto-mining firm’s shopping spree.
This marks the first time that HMRC has released guidance specifically describing how staking is treated for taxation purposes. It has been assumed previously that staking comes under the umbrella of mining, thus the same guidance has applied.