On October 2, 2024, the Federal Tax Authority (FTA) of the United Arab Emirates (UAE) issued revisions to the country’s value-added tax (VAT) regulations, announcing that cryptocurrency transfers and exchanges are exempt from VAT. The UAE has been committed to positioning itself as a more crypto-friendly jurisdiction for digital asset transactions and as a global cryptocurrency financial hub. An increasing number of cryptocurrency investors, such as Binance founder CZ and Telegram founder Pavel Durov, are settling and starting businesses in the Middle East. Authoritative institutions predict that the number of daily active cryptocurrency users in the six Gulf countries will reach 700,000 in 2024.
Middle Eastern countries like the UAE are also very attractive to Bitcoin miners to mine cryptocurrencies here. This appeal comes not only from friendly policies but also from cheap electricity. In 2021, the UAE generated 149 terawatt-hours of electricity but only consumed 129 terawatt-hours. The country will continue to develop solar power in the future, allowing UAE citizens to enjoy an electricity price of 1.2 cents per kilowatt-hour! As a result, more and more UAE citizens are starting to purchase their desired BTC ASICs to mine and increase passive income, as well as to resist socio-economic risks.
The WHATSMINER M50 features a low total cost, fast payback, low shutdown coin price, and heat resistance. This miner was released in 2022, with a hash rate of 110-120T and a power consumption of about 3360W, and an energy efficiency ratio of 28-29J/T. It has an excellent cooling system that ensures the machine maintains a stable temperature during long periods of high-intensity operation, increasing its service life and reducing the risk of downtime. The WHATSMINER M50 120T mines approximately 0.0000888 BTC per day. The current selling price of the machine is under 1000 USD, and when you have electricity at 1.2 cents per kWh, its shutdown price is around 11,000 USD. This machine is currently in high demand. If you are bullish on the M50, be sure to act quickly!
Welcome to inquire about various models of BTC ASICs from us. We are currently selling various energy-efficient and priced professional miners such as the ANTMINER S21 series and WHATSMINER M50 worldwide. Please contact us to get the most suitable mining solution for you!Finally, SC MINER would like to remind everyone that all investments carry risks, so decisions should be made cautiously.
SC MINER is the world’s most renowned international mining equipment trader and a major agent for manufacturers such as Bitmain and Goldshell, with the advantage of priority sales. SC MINER’s sales team has been serving miners in dozens of countries globally since 2017, with sufficient experience and outstanding integrity to maximize your wealth!
