Bitcoin miners are celebrating the rollout of a new tax form, the 1099-DA, which streamlines the tax process for miners and insulates them from unexpected requirements. However, US lawmakers are focused on energy consumption and data transparency for miners, putting the onus on them to collaborate with regulators and future-proof their regulatory fate. The concept of tokenizing the Bitcoin hash rate is also discussed, with GoMining offering LBH tokens to enhance transparency and decentralization in the mining process. The article concludes by highlighting the importance of transparency and reporting for mining operations to avoid future regulatory issues.
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