WATTUM|Blog

2021-11-25 20:23:07 Sending warm wishes to all cryptocurrency enthusiasts and Bitcoin lovers from Wattum. May you celebrate the "harvest" of Bitcoin and other blessings of the past year.
May this year be full of hope, faith, and Bitcoin? Open / Comment

2021-11-23 00:28:47 Bitcoin mining is an innovative field that is constantly evolving and diversifying - this diversification can actually be used as a helpful tool to mitigate unforeseen developments in your #mining operations. As the industry gains recognition and becomes more saturated, mining opportunities around the world have expanded, but also run the risk of becoming overcrowded. #Wattum can provide alternatives with a global portfolio of mining locations; understanding the risks of mining operations before you get into mining #Bitcoin can help you avoid stress, downtime, and is possible through an informed partner like Wattum. Get in touch with us today. Open / Comment

2021-11-19 23:46:37 Movement of #Bitcoin mining operations around the world has been very active in the past several months, with more and more countries trying to get as much of the total Bitcoin #hashrate share as they can. #Texas has attracted attention as the next mining hub due to several factors, including welcoming state lawmakers and an abundance of natural gas, wind power, and growing #solar power technology. #Wattum has committed to building a 100MW site as well as an on-the-ground team in order to service the north, east, and western regions of the state. Get in touch with us today to learn more. Open / Comment

2021-11-16 23:06:24 President Biden’s $1 Trillion infrastructure bill is on track to be passed by the end of October, and included in it were some frightful provisions regarding the #crypto industry. The legislation proposed that all crypto “brokers” report all transactions to the government, which is a fair rule to make.

Unfortunately, the description of brokers was so vague that it included any person providing any type of digital transfer or service. Transactions for Bitcoin and most leading cryptocurrencies are already available publicly via the blockchain, and the passing of this bill without amendment could have very negative effects on the future of crypto in the U.S.

Many influential figures, including billionaire Mark Cuban, have spoken out against the bill. While the future of crypto is still uncertain, government acceptance and regulation is a necessity for full adoption, and as the saying goes, “any publicity is good publicity”. Open / Comment

2021-11-14 18:57:50 With Bitcoin prices soaring and the mining industry booming, many are wondering if investing in crypto mining hardware is still the right move. While most assets have a fairly standard depreciation curve, #cryptocurrency miners, just like exotic cars, challenge the way we think about depreciation and have proven to be a savvy investment. With so many equipment choices on the market, #Wattum aims to shed light on the miners that will give #crypto enthusiasts the best value for their money and the highest #ROI over time. Further, buying resale from trusted partners like #Wattum may in fact be the best decision amidst current developments in the crypto industry. Get in touch with us to learn more today. Open / Comment

2021-11-11 23:39:45 Cryptocurrency mining generates two separate taxable events – once when you generate a new cryptocurrency token, and again when you sell it.

Miners who understand how to distinguish between these two events on their taxes can save considerable amounts of money by deducting the appropriate expenses and optimizing their revenue. Learn how the IRS taxes mined cryptocurrency assets and how to streamline income reporting. Open / Comment

2021-11-05 21:44:32 A lucrative country for #Bitcoin mining, a significant number of Bitcoin miners took the initiative to get in on the action and make the most of the cheap electricity and #crypto-friendly government that Kazakhstan had to offer. However, this popularity has since caused the grid to overload, resulting in multiple disruptions to #mining operations in the region. With randomized outages expected to last until March 2022, #Wattum has taken the initiative to provide customers with alternative options to avoid any further inconsistencies in their mining, and continues to monitor the developing situation. Get in touch with us to learn more today. Open / Comment

2021-11-05 18:53:36 Amazon, the fourth largest company in the world, is making moves towards #crypto adoption and is looking to hire a digital currency and Bitcoin expert. While this doesn’t necessarily mean they’ll be accepting #Bitcoin as payment in the coming months, it’s a huge step in the right direction.

Adoption from large companies such as #Amazon and Apple would cause global acceptance to skyrocket, and may be what Bitcoin needs to hit a $100,000 milestone (or $500,000) Open / Comment

2021-11-01 19:56:59 #Bitcoin mining can be a confusing industry, filled with technical jargon and high-tech equipment. That’s why #Wattum has created an extensive guide to illustrate how mining works, the risks and legalities of Bitcoin, and how to get started.

From equipment sales to hosting, #Wattum has everything you need to get started with Bitcoin mining today. With an expert on your side, it's easier to make the most of this booming industry. Open / Comment

2021-10-18 14:41:39 India is showing promise to be a strong power in the #Bitcoin mining industry in the near future. With a huge population of crypto enthusiasts, mass amounts of renewable energy, and a reputation for fostering strong technological minds, mining could be the next industrial revolution for the country. Further, the crypto-friendly approach that neighbouring Pakistan has taken could affect the decisions made by the Indian government as they see the results of Pakistan’s new mining projects.

With international experience in entering crypto hot spots early, #Wattum offers expert support and resources to those looking to enter the mining market or to scale their operations in new locations. Open / Comment