Tag: underpayment

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Bitcoin Miners Have Been ‘Extremely Underpaid’ Since Mid-June

July 13, 2024

Bitcoin miners have faced significant underpayment since mid-June, according to metrics from cryptoquant.com. As of now, the estimated value of 1 petahash per second (PH/s) of hashrate remains notably low at $47.79 per PH/s. Despite the revenue decline, Bitcoin’s hashrate is still just under the 600 exahash per second (EH/s) mark. Bitcoin Miners’ Earnings Plummet;…
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IRS to transition from ‘education to enforcement,’ says former division chief

January 4, 2021

A former top investigator is warning that the IRS might be shifting crypto tax payment enforcement into high gear A former top investigator is warning that “a high-stakes game of chicken” between the Internal Revenue Service (IRS) and cryptocurrency holders who fail to properly report their earnings will be entering a new phase in 2021…
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