What happened? In the first quarter of 2022, Kazakhstan’s budget increased by 652 million tenge ($1.52 million) thanks to companies Mining Cryptocurrencies in the country. The authorities introduced a fee for mining on January 1, 2022. It is calculated at a rate of 1 tenge ($0.002) per 1 kWh of electricity. The State Revenue Committee of the Ministry of Finance of Kazakhstan said that tax reporting for individuals engaged in Mining is not provided, said RBC.
The fall of the ruble, the collapse of the stock market and restrictions on foreign exchange transactions are forcing us to look for new approaches to asset management. Cryptocurrency, a digital currency, could be a solution both for those who interact with foreign counterparties and for those who simply want to diversify risks.
What happened? The Ministry of Finance of the Russian Federation finalized a new version of the draft law “On digital currencies”, which concerns the regulation of the Cryptocurrency market. The new version included comments from the Ministry of Economic Development, the Ministry of Internal Affairs, the Ministry of Finance, the Federal Tax Service, Rosfinmonitoring and the Center for National Projects of the Analytical Center under the Government. This version cannot be called final; additional changes may be made to it. Vedomosti reports this, citing an anonymous source.
A year ago, Quantum Blockchain began experimental Bitcoin Mining on its own platform using a standard version of the SHA-256 algorithm. In real time, the company’s specialists collected data on the Mining parameters of the first Cryptocurrency. Then, the obtained data arrays were transferred for processing with the help of machine learning and big data analysis tools.
China has once again become one of the leading Bitcoin miners. Chinese miners accounted for one-fifth of the global distribution of hash rate (a measure of mining performance). And this despite the legal ban on mining in China.
China has once again become one of the leading Bitcoin miners. Chinese miners accounted for one-fifth of the global distribution of hash rate (a measure of Mining performance). And this despite the legal ban on Mining in China.
In recent days, shares of companies whose activities are related to digital assets have fallen significantly in price. First of all, experts attribute the collapse in value to the massive sell-off in the Cryptocurrency market, which began against the backdrop of the fall of the GTC.
Year after year, TerraCrypto gathers Crypto industry experts, industry leaders and newcomers in one place to exchange valuable information and expand their contacts. The guests of TerraCrypto 3.0 will hear from popular speakers:
NiceHash announced the release of the NiceHash QuickMiner ether Mining software update, which unlocks the hash rate of Nvidia LHR RTX graphics cards by 100%.