In the burgeoning digital economy, Kyrgyzstan is emerging as a contender in the crypto mining sector, with tax revenues showing a promising increase. The nation’s Finance Ministry reports a collection of 78.6 million soms (approximately $883,000) from the industry within the first 11 months of 2023. Despite the fluctuations in monthly tax income, with a peak in August […]

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In a decisive crackdown on illicit cryptocurrency operations, North Sumatra Police have dismantled an extensive Bitcoin mining network, seizing over a thousand machines in a sting operation. The sophisticated syndicate, which had set up shop across ten separate locations, is accused of siphoning off electricity on a grand scale, with losses to the state-owned power company PLN […]

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In the dynamic world of cryptocurrency, bitcoin miners are seizing the day, capitalizing on the digital currency’s recent surge. The industry, once languishing in stagnation, has been revitalized by bitcoin’s upward trajectory. As mining entities hasten to secure gains, they are acutely aware of the impending ‘halving’ – a pivotal event slated for April 2024 […]

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In a remarkable upswing, the Bitcoin mining sector marked a significant milestone on November 12, as miners’ earnings surged to over $44 million, setting a record for the year. This peak in daily revenue is a testament to the sector’s resilience, marking the highest point since April 2022, as reported by blockchain.com. Related: Is Crypto […]

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The burning question, “Is crypto mining dead?”, reverberates more loudly than ever as we venture deeper into 2023. The crypto mining sector has seen a seismic shift, thanks to the emergence of high-performance ASICs and GPUs. Gone are the days when crypto mining was merely a weekend pastime for tech enthusiasts. Today, it has transformed […]

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