Two American countries could ban Bitcoin. Costa Rica will propose a bill that restricts the use of cryptocurrency in daily transactions and Paraguay is in favor of eliminating the mining of this digital currency, since the high consumption of electrical energy affects the service to the population.…
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electricity consumption
Electricity consumption of bitcoin begins to fall
According to data from the Cambridge Bitcoin Electricity Consumption Index (cbeci), the electricity consumption of the cryptocurrency plummeted 60 % from the all-time high reached above 143 terawatt-hours (twh).
No such low numbers were…
Kazakhstan to apply new tax to crypto miners in 2022
Kazakhstan's President Kassym-Jomart Tokayev, recently signed a regulatory framework for cryptocurrency miners, which will impose an additional tax for the use of electricity.
According to the new law, these new rates would take effect…
Iran restricts cryptocurrency mining
Iran announced that it will restrict bitcoin mining until September, due to the high electricity consumption that this can generate in the coming months.
According to the president of the nation, Hassan Rouhani, this activity will be…