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MINING COSTS OF CRYPTOCURRENCIES
Trump's new front against Iran: The US hunts hidden crypto networksAmerica's Operation Epic Fury is now Operation Economic Fury. The US is targeting Iran's cryptocurrency networks. This aims to stop Iran fr...- Russia restricts cryptocurrency mining in low-energy regionsRussia has banned cryptocurrency mining in several Siberian regions and annexed areas of Ukraine to prevent winter power shortages. The ban...
- Realistically cryptocurrency mobile mining can make you a lot of money – BlockDAG NetworkBlockDAG Network enables mobile mining with a novel DAG consensus mechanism. Users mine Ethereum, BNB, USDT on smartphones, eliminating tra...
- ITR for crypto gains: What should investors keep in mind?All cryptocurrency purchases, sales, and transactions are subject to a 30% capital gains tax on profits, with no provisions for reduced rat...
- Navigating the crypto tax landscape: A global comparisonSome countries have adopted favourable tax policies towards cryptocurrencies, while others have implemented strict regulations. In this art...
- Crypto crash leads to firesale of hardwareSample this: Until a few months ago, if you needed a high-end graphic card, used to mine new bitcoins, it would have cost as much as ₹2 lak...
- Crypto industry moving away from PoW model to address environmental issuesSeparate parties verify the records and transactions stored on a blockchain in the first generation of cryptocurrencies, which is known as ...
- Crypto mining infrastructure cost not treated as cost of acquisitionThe cryptocurrency industry said the decision to disallow offset between different cryptos and mining expenses is regressive and will disco...
- Crypto mining cost not to be allowed as deduction under I-T Act: FinMinThe 2022-23 Budget has brought in clarity concerning the levy of income tax on crypto assets. From April 1, a 30 per cent I-T plus cess and...
- Cannot offset losses from one crypto against gains from another, clarifies govtIn the recent budget, the government proposed to tax gains at the rate of 30 per cent but there was still some confusion on how gains and l...
- Bitcoin could be laid low by miners' maladyThe cryptocurrency's spectacular rally in 2021 drew thousands of entrants into mining, or producing new coin. As a result the hashrate, or ...
- Kazakhstan unrest upends Bitcoin miningThe lack of connectivity disrupted huge cryptocurrency mining operations in the country, which has become one of the world's largest hubs f...
- Does your cryptocurrency investment fulfil ESG criteria?Cryptocurrency is a once-in-a-lifetime investment opportunity based on a revolutionizing technology and looking away on account of half-tru...
- Exodus of cryptocurrency machines from ChinaChina mined two-thirds of the world's bitcoins in 2020; in other words, until last year, Chinese bitcoin mining accounted for around 65 per...
- Investing in cryptocurrencies? Know the tax implications"It seems hesitation about crypto culture is receding at a steady pace in India. People are finding great opportunities with great returns ...
- China's Bitcoin crackdown sparks fears of dirtier cryptominingBitcoin's value tumbled last week after China's central bank urged banks and payment firms in the country to crack down harder on cryptocur...
- More Bark, Less Bite: China crypto players shrug off latest crackdownChina's latest salvo against cryptocurrencies has driven a brutal selloff in bitcoin markets but retail traders, miners and even crypto fin...
- China crypto players shrug off Beijing's latest crackdownCryptocurrencies could still be bought from China on Thursday and investment schemes promising juicy returns for mining them remained opera...
- Bitcoin’s wild volatility could creep into other marketsBitcoin’s energy consumption stems partly from the fact that it’s a proof-of-work cryptocurrency.
- Turning coal into bitcoin? Dirty secret of 2017's hottest marketChina is the biggest operator of computer “mines” and probably accounts for about a quarter of all the power used to create cryptocurrencie...
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