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An Airbnb owner has been forced to implement a new ‘no crypto mining policy’ after a tenant installed 10 mining rigs that racked up a $1,500 electricity bill in just three weeks. Ashley, who runs a TikTok channel about her Airbnb experience, said her guest brought the computers to mine crypto at her property and also installed an electric vehicle charging point.  “It was cheaper for them to rent a house to pay for that electricity,” she said. The guest was apparently honest about his crypto mining and told Ashley that he made over $100,000 during his stay. YouTuber accused of bribing power worker to upgrade bitcoin mine Read more: Malaysian minister says crypto miners behind $722M electricity theft She’s not the only Airbnb host with a crypto mining problem Other Airbnb hosts have also complained about crypto miners running up their electricity bills. One user replying to Ashley said, “I also have in my rules no crypto mining . It’s ridiculous we have to do this .”  A...

US Congressman Warren Davidson confirmed that they successfully blocked some proposed taxes by the Biden administration in the deal, including a 30% proposed tax on crypto miner’s electricity bills. advertisement Budget deal blocks Digital Asset Mining Energy excise tax Earlier this month, Biden proposed the Digital Asset Mining Energy (DAME) excise tax to address the economic and environmental costs of current practices for mining crypto assets.  As per the proposed tax bill, after a phase-in period, firms would face a tax equal to 30 percent of the cost of the electricity they use in cryptomining. However, the proposed tax will not be implemented if the current budget deal sails through as it is. The final vote on the Debt Ceiling deal will be held on Wednesday.  Republicans slam tentative debt ceiling deal Several congressional Republicans expressed dissatisfaction with the tentative Debt Ceiling deal House Speaker Kevin McCarthy ...