Plattsburgh Bans Bitcoin Mining in the City
Mar26

Plattsburgh Bans Bitcoin Mining in the City

As federal governments around the world are proposing bans on Bitcoin or other cryptocurrencies, it is now the City of Plattsburgh, within the state of New York, that has now imposed a ban on Bitcoin mining for a period of 18 months. But this decision by the Plattsburgh City Council does not have anything to do with the value of the cryptocurrency or the risks associated with it. The ban has been imposed due to excessive consumption...

Read More
Iceland May Impose Bitcoin Mining Tax
Feb20

Iceland May Impose Bitcoin Mining Tax

For some time, Bitcoin mining operations have sought and found refuge in Iceland, one of the few places in the world with affordable energy. Iceland’s massive reserves of renewable energy have given it an abundance of electricity. In a bid to reduce operational costs, which can be significant in the energy-intensive process of Bitcoin mining, miners have been setting up shop in the country for a while now. Bitcoin mining is largely a...

Read More