EU to end crypto tax breaks and wants blockchains to show energy-efficiency labels

Members of the European Union must be ready to block crypto mining, the European Commission, the bloc’s executive arm responsible for introducing new legislation, said Tuesday as the region prepares for an uncertain winter. The EU is also developing an energy-efficiency label for blockchains as the disruption of gas supplies from Russia leave some fearing […]

Global hashrate: why it is going up when it should be going down

The recent global hashrate spike in a bearish market and with margins becoming more competitive due to increased energy and difficulty with bitcoin not quite taking off again, is a major topic of debate. There is no certain science but we can analyze the market and the pools to validate what is happening Arrival of […]

District of New York approved Celsuis request for restarting BTC mining

Since July 2022, Celsius Networks stands at the crosshair of United States officials after reports of bankruptcy surfaced, which risks losing the live savings of numerous crypto investors. During the second day of the case hearing, chief bankruptcy judge Martin Glenn, Southern District of New York, approved Celsuis’ request for running BTC mining and selling operations as a means […]

Brazil could pass tax exemption bill for crypto mining done with 100% renewable energy

Brazil is getting closer to regulating cryptocurrency assets and virtual asset service providers (VASPs). The cryptocurrency bill, identified with the number 4.401/2021, is set to be addressed this week, alongside other time-sensitive bills.  The current bill is the result of the combination of two different projects as part of the work of its proponents, who wanted to […]

Minerset at Mining Disrupt 2022

Mining Disrupt 2022 has come to an end! We want to use this post to thank the event organizers, sponsors and everyone who made this event possible, to all of our existing and new clients for investing the time to come by our booth, we’re always excited about new opportunities to work together. We want […]

Minerset is giving away 2 Mining Disrupt 2022 Miami VIP Tickets

Want to visit our booth at Mining Disrupt 2022 in Miami? Participate for a chancer to win a VIP Ticket to Mining Disrupt following these easy steps: Leave us a review (here) Follow us on Twitter (link) Follow us on LinkedIn (link) The two lucky winners will be announced on our social media (twitter and […]

Uzbekistan has legalized crypto mining

Uzbekistan has legalized crypto mining. The NAPP mentioned to the country miners that only those companies would be legally allowed to mine the currency that uses solar energy to mine bitcoin or any other cryptocurrency. “Mining is being carried out only by the legal entity with the use of electric energy, provided by a solar […]

Electricity used to mine bitcoin down by third since 11 June

The amount of electricity consumed by the largest cryptocurrency networks has decreased by up to 50% as the “crypto winter” continues to eat at the incomes of “miners” and financial contagion spreads further throughout the sector. The electricity consumption of the bitcoin network has fallen by a third from its high of 11 June, down […]

NYC Mayor Wants to Veto State’s Bitcoin Mining Ban

Eric Adams wants Governor Kathy Hochul to veto a recent bill passed by the New York State senate to cap PoW mining at its current level. For Adams, cryptocurrency is an undeniable part of the state’s economy thanks to the “billions of dollars that are spent on cryptocurrency.” He added that, “We can’t continue to […]