electricity

Sweden to eliminate incentives for bitcoin miners, raising electricity tax by 6,000%

0xMain
April 15, 2023

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Sweden is doing away with tax incentives for data centers come July 2023. This decision could affect bitcoin (BTC) miners who had turned to the Nordic country to increase their profitability. Sweden is eliminating tax incentives for bitcoin miners Sweden has been a...

US authorities to impose 30% electricity tax on crypto mining

0xMain
March 10, 2023

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The President Joe Biden administration has proposed imposing a 30% electricity tax on crypto mining operations in the United States. The move is attracting severe criticism from industry players. Despite the unfavorable market conditions and FUD that have plagued the web3 space since...

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US school employee charged for mining crypto with stolen electricity

0xMain
February 24, 2023

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A former assistant facilities director at Cohasset High School in Massachusetts, Nadeam Nahas, is facing accusations of running a cryptocurrency mining operation within a crawlspace at the school. Nahas was scheduled to appear for arraignment at Quincy District Court on Feb. 23. However,...