Russian government plans to restrict private crypto mining
In a significant move, Russian lawmakers are contemplating a ban on private citizens from mining cryptocurrencies. However, industrial miners would be exempt from this prohibition. These revelations were made by Anton Tkachev, the Deputy Head of the State Duma’s Committee on Information Policy, Information Technologies, and Communications. He stated that Russian authorities are leaning towards […]
Kentucky regulators deny discounted electricity rates for crypto mining firm
In a significant blow to Ebon International, a mining company eyeing Louisa, Kentucky, the state’s Public Service Commission has rejected a proposal for discounted electricity rates for their anticipated cryptocurrency mining facility. Ebon International had intended to invest a substantial $50 million in the establishment of a 100-megawatt mining operation, with plans for expansion to […]