Bank of England Hikes Repo Rate by 75bps — UK’s 30-Year Fixed Mortgage Rate Jumps to 7%

On Nov. 3, 2022, the Bank of England followed the U.S. Federal Reserve by codifying the eighth consecutive benchmark bank rate hike by 75 basis points (bps). The increase brings the United Kingdom’s main lending rate to 3%, after a majority

Natural Gas Price Hike Hits Crypto Miners in Iran

Companies using natural gas as a power source to mint digital currency in Iran will have to deal with a sharp increase in the price of the fuel. The new rates set by the state-run supplier are almost double the previous

Cleveland Fed-præsident Loretta Mester forudsiger ikke en recession,' Siger, at inflationen vil bevæge sig ned

Cleveland Federal Reserve Bank president Loretta Mester doesnt think a recession will take place in the United States but believes it will take two years to get inflation back down to 2%. Mens han talte under et interview søndag, Mester explained

Russia’s Anti-Monopoly Agency Proposes Higher Electricity Rates for Home Crypto Miners

The anti-monopoly service of Russia has suggested that Russians minting digital currencies at their homes should pay more for the spent electrical energy. The proposal comes after the submission of a bill tailored to regulate cryptocurrency mining to the Russian parliament….

Elektricitetsforbruget stiger i Irkutsk, efterhånden som flere russere begynder at udvinde kryptovaluta

Electricity suppliers in the Russian region of Irkutsk have registered a surge in power consumption in residential areas which they are blaming on cryptocurrency mining. Planes with mining equipment from restricted China continue to land in the region, and cases of

Strømafbrydelser i Ruslands Irkutsk-region beskyldes for hjemmeminearbejdere

Russians mining cryptocurrency in their homes have been blamed for the problems with the electricity supply in Irkutsk. Power outages have become a frequent occurrence in the region which maintains the lowest electricity rates in Russia. Subsidized household energy has turned

Den russiske regering tillader regioner at hæve elpriserne for kryptominearbejdere

The federal government in Moscow has permitted regions to determine local electricity tariffs for the population, a measure that will affect crypto mining at homes. Subsidized household electricity in Russia is often used to mint digital currencies in basements and garages….

Russiske embedsmænd tilbage idé om at anerkende kryptominearbejdere som iværksættere

Cryptocurrency mining should be recognized as an entrepreneurial activity under Russian law and taxed accordingly, representatives of key ministries in Moscow and the parliament have indicated. Officials believe the regulatory move would benefit both the state and the crypto industry. Russian

Single Mining Farm har brug for lige så meget strøm som 24,000 Hjem, Kasakhstan skøn

Myndighederne i Kasakhstan har beregnet energiforbruget i landet’s kryptomineindustri, der konkurrerer om elektricitet med andre sektorer i økonomien og husholdninger. The government has also estimated the additional supply necessary to meet the growing demand from