crypto minng

Kazakhstan President Imposes Bill for Higher Tax Rates on Crypto Miners
Kazakhstan President Imposes Bill for Higher Tax Rates on Crypto Miners

The President of Kazakhstan has signed a bill that raises tax rates on crypto miners. Tax rate will depend on the amount of electricity used by the miners. The government states that the tax will reduce the power load. As per reports, the president of Kazakhstan Kassym-Jomart Tokayev, has signed a bill to impose a high tax rate on crypto miners. In a recent Tweet by Wu Blockchain, this will depend on the amount of electrical energy that the cryptocurrency miners will be using. The tax will be charged on the average use of energy consumption, which will further be

Crypto Mining gets Greener, Faster After Elon Musk Criticism
Crypto Mining gets Greener, Faster After Elon Musk Criticism

Crypto mining is now cheaper, faster, and less energy-consuming than 8 months ago. Elon Musk trigged a crypto market slump after criticizing Bitcoin mining in May. Also, EV Battery Technology recently launched an emission-free mining solution. In less than 8 months after triggering a huge market collapse, crypto mining has metamorphized as faster and greener. This is according to a study of several leading crypto mining companies like EV Battery Technology, Riot Blockchain, BIT Digital, and Bitfarms to name a few miners. Earlier this year, Tesla CEO, billionaire and Time person of the year, Elon Musk, criticized cryptocurrency for its