#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 18 08.12.2020

Abkhazia bans cryptocurrency mining until 1 June 2021

Vice-Premier of Abkhazia Kristina Ozgan said that all mining farms on the republic's territory would be disconnected until 1 June 2021. This was reported by Sputnik Abkhazia.

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ForkLog 12 08.12.2020

Bitmain sells 3,000 Antminer S19 miners to a U.S. company with deliveries through August 2021

VBit Technologies purchased 3,000 Antminer S19-series ASIC miners from the Chinese manufacturer Bitmain for more than $8 million.

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ForkLog 19 07.12.2020

Analyst: Holding all Bitcoin forks could counter the threat of quantum computers

Back in December, a group of Chinese scientists created {{AOPEN_1}}prototype of a quantum computer{{ACLOSE_1}}, capable of processing data ten billion times faster than Google's 53-qubit device. Earlier, trader Ilya Meshcheryakov stated that cryptocurrency trading should begin with {{AOPEN_2}}defining an investor profile{{ACLOSE_2}}.

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ForkLog 8 04.12.2020

Bitcoin miners’ revenues hit a yearly high as November receipts rise 50%

As the price of the leading cryptocurrency rose, Bitcoin miners' November revenues hit a yearly high.

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ForkLog 21 03.12.2020

Bitcoin-mining revenues reach $521 million in November

Bitcoin mining revenues in November were about $521 million. This is nearly 48% higher than October's figure, according to The Block.

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ForkLog 11 03.12.2020

Abkhazia’s Interior Ministry reports more than 1,000 illegal miners identified

Abkhazia's Ministry of Internal Affairs and energy-oversight specialists identified 14 mining farms that illegally consumed electricity in a week, according to the ministry's press service.

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ForkLog 22 02.12.2020

Mining company HIVE posts profit as Ethereum price climbs

The Toronto-listed company HIVE Blockchain Technologies closed its second quarter of fiscal 2021 with a profit of $7.4 million, helped by lower costs and a rising Ethereum price, on which the miner has placed its main bet. This was stated in the company's press release.

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ForkLog 134 01.12.2020

Mining giants’ shares rise as Bitcoin climbs toward $20,000

As Bitcoin price nears the $20,000 mark, mining companies Riot Blockchain, Marathon Patent Group and Canaan posted significant gains.

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ForkLog 21 01.12.2020

Media: Chinese authorities cut power to miners

The Baoshan city authorities in Yunnan province banned power plants from serving local miners. This was reported by journalist Colin Wu.

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ForkLog 21 30.11.2020

Ebang obtains exclusive rights to AsicBoost technology in Korea

The Chinese mining hardware maker Ebang International Holdings announced that it has obtained an exclusive license for the AsicBoost Bitcoin mining acceleration patent in South Korea.

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ForkLog 24 30.11.2020

Venezuelan Army Turns to Cryptocurrency Mining

In Caracas, a centre for mining digital assets by the Venezuelan armed forces has opened. The facility occupies space within the Fort Tiuna headquarters. The military described the mining centre as an example of cooperation with the civilian sector. The video shows that part of the equipment consists of Antminer devices from Bitmain. View this post on Instagram. Post by 61 Brigada Codazzi (@ejb_61brig). The volume of computing power is not specified by the brigade officials. In their view, the project is an unfettered source of income. In late September, Venezuela allowed miners to operate provided they had a licence from Sunacrip and joined the national pool. In November, one of the Venezuelan miners reported that Corpoelec began forcibly disconnecting equipment in Carabobo state. Subscribe to ForkLog on YouTube!

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ForkLog 11 29.11.2020

Hashrate and Ethereum mining difficulty hit new all-time highs

The mining difficulty of Ethereum, the second-largest cryptocurrency by market cap, and its total hashrate reached new all-time highs.

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