#Cryptocurrency Mining

All about cryptocurrency mining, including Bitcoin and other digital currencies. News on mining in China, Russia, Ukraine, and globally. Learn what cryptocurrency mining is and how it works.

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ForkLog 24 30.12.2020

Halving, corporate war and the reshaping of influence: how mining changed in 2020

This year, the third Bitcoin halving and the corporate war between Bitmain co-founders Micree Zhan and Jihan Wu had a major impact on mining. Against this backdrop, China began losing share of the hashrate to other regions. Here's what defined the year for the crypto-mining industry.

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ForkLog 16 29.12.2020

Bitcoin miners’ revenue reaches $1 million per hour

Bitcoin miners' revenue after the May halving rose 185% to the current $1 million per hour, according to Glassnode. The last time revenues were this high was in the summer of 2019, when the block reward was 12.5 BTC.

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ForkLog 6 29.12.2020

Court orders miners to pay 22.8 million rubles to Rosseti Center Lipetskenergo branch

Lipetsk's Pravoberezhny District Court upheld the claim of the Rosseti Center Lipetskenergo branch for compensation of damage amounting to 22.8 million rubles caused by the mining farm.

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ForkLog 21 29.12.2020

Abkhazia restricts Internet access amid cryptocurrency mining

On 28 December, the Abkhazian State Committee for Communications, Mass Media and Digital Development issued an order for the temporary blocking of sites used by cryptocurrency miners.

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ForkLog 13 28.12.2020

Bloomberg: Electricity prices for Bitcoin miners in Scandinavia fall to multi-year lows

Sweden and Norway faced hydroelectric overproduction, driving tariffs down. The countries have again become a profitable base for Bitcoin mining, Bloomberg reports.

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ForkLog 17 28.12.2020

Marathon to Buy Bitcoin Miners From Bitmain for $170 Million

The Nasdaq-listed mining company Marathon Patent Group has agreed with Bitmain to purchase 70,000 Antminer S19s. The deal is worth $170 million, according to the statement.

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ForkLog 20 27.12.2020

Taproot upgrade support reaches 91% of Bitcoin’s total hashrate

Following Binance's pledge to support Taproot, 91.5% of the Bitcoin network's total hashrate signals support for the upgrade.

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ForkLog 35 25.12.2020

Illegal mining farm uncovered on hotel premises in Georgia

Energo-Pro Georgia identified an illegal mining farm on the Banguriani hotel grounds in Mestia. Sputnik, citing the company's statement.

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ForkLog 8 24.12.2020

Russian court denies consumer status to owner of mining equipment

A resident of Yekaterinburg could not obtain compensation for the delay in the delivery of mining equipment, as the court held that consumer protection law does not apply to it.

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ForkLog 15 23.12.2020

Entrepreneur secures Abkhazia premier’s approval to import mining equipment despite ban

Abkhazia's Prime Minister Alexander Ankvab privately allowed a local entrepreneur to import cryptocurrency-mining equipment into the republic, despite the ban in place. Sputnik Abkhazia reports this.

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uskoryayushhei-sya-fragmentatsii-mirovogo-interneta

ForkLog 18 22.12.2020

Greenidge Generation Sued Over Expansion of Bitcoin Mining Capacity

The Torrey town authorities and the Greenidge Generation hybrid power plant, which mines bitcoin, have been named as defendants in a lawsuit filed in the New York State Supreme Court by several environmental organizations.

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ForkLog 22 22.12.2020

Riot Blockchain to buy 15,000 ASIC miners from Bitmain for $35 million

American mining company Riot Blockchain has signed an agreement with Bitmain to purchase 15,000 ASIC miners of the Antminer S19 Pro and S19j Pro models for a total of about $35 million.

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