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Dec 8, 2017 Bitcoin mining hardware uses approximately 31 terrawatt hours of energy per year - compared with 23 in Ireland and 309 for the whole of the UK. It is creating a .. I suspect Bitcoin would not last long if all new generation businesses were regulated and taxed like the old generation businesses. 3. 5. Click to 

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Dec 6, 2017 The South African Revenue Service (SARS) is likely to treat bitcoin and all crypto-currencies as assets and not legal tender or currency, and general tax principles would apply. In the context of mining bitcoin, both the transaction fees and the fresh bitcoin mined are likely to be income in nature. The full