MiningStore’s Weekly Rundown RECESSION FEARS AND BANK LAYOFFS It’s been a week of recession fear and bank layoffs. Bitcoin has been resilient and seems to have settled in a fairly broad trading range of $10k – $13k USD, which begs the question as to how much money is leaving the traditional options of banks, bonds,...Continue Reading
MiningStore’s Weekly Rundown A SLOW WEEK WITH NEW OPPORTUNITY In Australia, how Bitcoin mining is taxed depends on whether you mine as a hobby or as a business. The Australian Taxation Office treats business mining rewards as ordinary income when received, while hobby miners are generally taxed under capital gains rules on disposal. Either way,...Continue Reading
Institutional money flowing into BTC Bitcoin hash rate is the total computing power miners are using to secure the network, measured in hashes per second. A higher hash rate means more machines are competing to validate transactions, which makes the network more secure and harder to attack. It is one of the clearest indicators of...Continue Reading
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