Crypto Miners Flood Kazakhstan with $7M Tax Revenue Despite Challenging Future for Industry
The government of Kazakhstan has collected over $7 million in taxes from cryptocurrency mining enterprises in the country this and last year. The news comes amid growing regulatory pressure that is limiting the industry’s access to low-cost energy while increasing its tax burden. Kazakhstan’s coffers have received 3.07 billion tenge (almost $6.9 million) in tax […]
“Bitcoin Miners’ Profits Decline Amid Rising Mining Difficulty – Is the Era Over?”
Bitcoin miners are currently experiencing reduced profits due to increasing mining difficulty. This has led to significant repercussions in the industry, including layoffs and a shift in strategic focus. This trend is expected to continue, as it now takes more advanced hardware and increased energy consumption to mine the same number of bitcoins. In the […]