Articles for Crypto Mining

Crypto Mining, Data Centres to Hit 3.5% of Global Power by 2027
4 months, 1 week ago

Crypto Mining, Data Centres to Hit 3.5% of Global Power by 2027

Deccan Chronicle  

CHENNAI: Crypto mining and data centers together accounted for 2 per cent of world electricity demand in 2022. Further, their carbon emissions could reach 450 million tons by 2027, or 1.2 per cent of the world total, finds the IMF, which wants the tax system to steer companies toward curbing emissions. Crypto mining and data centers together accounted for 2 …

Data Electricity Crypto Data Centers Emissions Cent Imf
Crypto Tax: Italy Plans To Impose 26% Levy On Crypto Trading Gains; Details Here
2 years ago

Crypto Tax: Italy Plans To Impose 26% Levy On Crypto Trading Gains; Details Here

News 18  

Tightening the regulation on digital assets and expanding taxation on crypto trading, Italy is planning to impose a 26 per cent tax on digital assets for gains above 2,000 euros, according to a Bloomberg report. The Italian tax authorities currently treat digital coins and tokens as foreign currency and impose tax accordingly, which is lower than the proposed 26 per …

Italy Crypto Assets Digital Digital Assets Cent Tax Cryptocurrency Mining
Two arrested in Estonia linked to $575 million crypto fraud and money laundering
2 years, 1 month ago

Two arrested in Estonia linked to $575 million crypto fraud and money laundering

The Hindu  

The U.S. Department of Justice announced on Monday that two Estonian citizens were arrested in their country on Sunday, and indicted in the U.S. on 18 counts with charges including conspiracy, wire fraud, and conspiracy to commit money laundering. They allegedly conned investors into buying contracts for a crypto mining service called HashFlare and encouraged people to invest in a …

Money Laundering Estonia Crypto Mining Hashflare 575 Million
New York Governor Kathy Hochul Sings A Law Curbing Bitcoin Mining For Two Years
2 years, 1 month ago

New York Governor Kathy Hochul Sings A Law Curbing Bitcoin Mining For Two Years

ABP News  

New York Governor Kathy Hochul signed a law that temporarily imposes a partial ban on crypto mining operations that depend on fossil fuels and use carbon-based energy. This particular mining law was passed in the New York state assembly in April, and the state senate gave it the green signal in June 2022. For instance, Kevin Zhang, senior vice president …

Law Industry Crypto Mining Bitcoin New York State
Why India Needs A 'Green' Blockchain And What Needs To Be Done To Facilitate It
2 years, 2 months ago

Why India Needs A 'Green' Blockchain And What Needs To Be Done To Facilitate It

ABP News  

The recent Merge — where the Ethereum network officially switched over to a less-energy-consuming proof-of-stake model from a proof-of-work mechanism — has brought ‘green’ blockchain or sustainable blockchains under the spotlight. Poorvi Sachar, Head of Operations, Tezos India, told ABP Live, “In a country like India whose primary source of energy is fossil fuels, the use of ‘green’ blockchain technology …

India Energy Electricity Crypto Power Mining Bitcoin
Explained: Can cryptocurrency go green?
2 years, 9 months ago

Explained: Can cryptocurrency go green?

The Hindu  

At the end of 2020, after 30 years in operation, Eduardo Kopper had to shut down the turbines of his hydroelectric plant, Poas I, located in Costa Rica's Central Valley region. The Costa Rican Institute of Electricity — the country's public electricity distributor — rejected Kopper's bid to sell his energy because the country has a surplus of renewable power. …

Power Texas Green Renewable Costa Rica Costa Vries
‘Norton Crypto’ update will let you mine ethereum with your computer
3 years, 6 months ago

‘Norton Crypto’ update will let you mine ethereum with your computer

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. The feature will sit alongside the more traditional tools – like those that aim to keep malware …

Crypto Computer Indytech Let Norton
Crypto Mining and Wallet Added To Norton 360 For Personal PCs, But It May Not Be Such A Good Idea
3 years, 6 months ago

Crypto Mining and Wallet Added To Norton 360 For Personal PCs, But It May Not Be Such A Good Idea

News 18  

NortonLifeLock, the cybersecurity company you probably know better as Symantec, is now rolling out a cryptocurrency mining feature for Norton 360 security suite users. This will sit alongside the Norton Secure VPN, anti-virus and malware protection and smart firewall tools and is expected to be available for Norton 360 Standard and Norton 360 Deluxe variants of the security suite. With …

Crypto Mining Pcs Norton Crypto Mining Norton Crypto Nortonlifelock
Iran bans crypto mining after summer power cuts strike early
3 years, 6 months ago

Iran bans crypto mining after summer power cuts strike early

Al Jazeera  

Iran is facing another widespread wave of power outages, and the government is blaming Bitcoin miners again. Tehran, Iran – Iran has banned all cryptocurrency mining for the next four months as widespread power outages stir public dissatisfaction across the country. President Hassan Rouhani said on Wednesday that all crypto mining operations in Iran – including legal ones – must …

Cryptocurrency Crypto Power Mining Bitcoin Iran Iranian
Bitcoin and other crypto mining banned in Iran because its high power use makes it dirty money
3 years, 6 months ago

Bitcoin and other crypto mining banned in Iran because its high power use makes it dirty money

India Today  

Iran has banned the energy-intensive mining of cryptocurrencies such as Bitcoin for nearly four months, President Hassan Rouhana announced on Wednesday, as the Islamic nation faces major power blackouts in many cities. However, it is the unauthorised crypto miners that consume a lot of electricity; they consume about 2,000 megawatts," President Rouhana said, according to a local publication Iran Front …

Energy Crypto Mining Bitcoin Iran Crypto Mining Bitcoin Mining