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Philip Salter Says layer-two Bitcoin Solutions is Needed for Bitcoin s Growth

Philip Salter Says layer-two Bitcoin Solutions is Needed for Bitcoin’s Growth Last Updated: 22 January 2021 Philip Salter, Genesis head of mining operations, is of the view that Bitcoin would need second-layer solutions to be seen as a good store of value. He said even if the coin can still be regarded as a good store of value now, it still needs such a solution to accommodate mainstream adoption. “I think Bitcoin is a good store of value regardless of transaction fees,” he said. Slater, however, noted that the high transaction fee on Bitcoin is posing a challenge since it affects the value that can be transferred. There have been several projections and predictions on Bitcoin even before the Bitcoin fork earlier last year. However, the top cryptocurrency is still waxing strong as is gradually proving naysayers wrong.

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Kentucky Wants to Be a National leader in Crypto Mining, Offers Tax Exemptions

Reading Time: 2 minutes by Evan Ezquer on January 13, 2021 Regulation On Jan 8, two legislators in Kentucky have recently submitted a bill that aims to make the US state a very attractive option for cryptocurrency miners in the form of tax breaks. Kentucky Crypto Mining Bill The proposal was submitted to the General Assembly, which would see Bitcoin and other cryptocurrency miners enjoy some tax exemptions. The legislators of the bill are Republican lawmakers, Steven Rudy and Chris Freeland, who referred to the bill as: “AN Act relating to the taxation of the commercial mining of cryptocurrency.” The thirteen-page document would see miners enjoy 6% sales taxes and 6% excise tax exemptions on tangible personal mining property being directly used, as well as electricity being consumed, for the purpose of mining cryptocurrency commercially. Additional leverage would also be added for these miners especially when it comes to power and energy use.

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BBL 2020 STR vs SCO live stream in India, pitch report, Adelaide weather forecast

Last Updated: BBL 2020 STR Vs SCO Live Stream In India, Pitch Report, Adelaide Weather Forecast The Adelaide Strikers will go up against the Perth Scorchers in the 21st match of the BBL 2020 on December 31. Here are the live streaming details of the match. The Adelaide Strikers will go up against the Perth Scorchers in the 21st match of the Big Bash League 2020. The STR vs SCO match is scheduled to begin at 1:45 PM IST at the Adelaide Oval, Adelaide on December 31. Here are the STR vs SCO live streaming details, where to catch STR vs SCO live scores, the pitch report and the Adelaide weather forecast for the contest.

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Chinese Miners Migrate to Nordic Regions, Mining Exec Says Hashrate Migration One of the Biggest Developments

Chinese Miners Migrate to Nordic Regions, Mining Exec Says Hashrate Migration One of the âBiggest Developmentsâ China has the largest concentration of bitcoin miners worldwide with estimates noting the country captures anywhere between 50-65% of the global hashrate. Xinjiang, the autonomous region of the People’s Republic of China, ostensibly accommodates 35% of the hashrate. This week a regional report from China and statements from the head of operations at Genesis Mining, indicate that Chinese miners are migrating from the area to Nordic countries like Sweden and Norway. Just recently, news.Bitcoin.com, reported on the electrical issues in China that bitcoin miners in the country are currently dealing with due to the shortage of coal. In the report, it noted that the Cambridge Bitcoin Electricity Consumption Index (CBECI) map shows China still commands 65% of the hashrate today. However, a team member from the Cambridge Centre for Alternative Fina

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Bitcoin : les mineurs de la région nordique bénéficient d une énergie bon marché, offrant des alternatives aux endroits traditionnels comme la Chine et le Kazakhstan

Bitcoin : les mineurs de la région nordique bénéficient d une énergie bon marché, offrant des alternatives aux endroits traditionnels comme la Chine et le Kazakhstan
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