#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 37 16.09.2020

Media: Crypto mining puts Abkhazia’s power grid on the brink of crisis

Due to energy-intensive mining of Bitcoin and other cryptocurrencies, Abkhazia is on the brink of a crisis—the republic lacks electricity to meet the growing needs of its population and economy. Local media report this.

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uskoryayushhei-sya-fragmentatsii-mirovogo-interneta

ForkLog 14 14.09.2020

Rise in mining-focused graphics-card sales in Russia

Russian retailers and distributors reported a rise in sales of graphics cards that can be used for mining cryptocurrencies.

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ForkLog 12 14.09.2020

Ingush miner stole 22.5 million rubles’ worth of electricity from Rosseti North Caucasus

A resident of Ingushetia organized a mining farm that illegally drew electricity from Rosseti North Caucasus, according to Kommersant.

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ForkLog 20 12.09.2020

Bitcoin miners earned $368 million in August

Bitcoin miners' revenues in August reached $368.3 million, up 23% from July, according to The Block.

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ForkLog 28 11.09.2020

Bitcoin miners face equipment shortage as Chinese manufacturers exhaust stock

Leading Chinese ASIC-miner manufacturers MicroBT, Canaan and Ebang sold through their inventories this year, while Bitmain faced supply difficulties due to a founders' dispute. As a result, bitcoin miners faced a shortage of supply of new devices, according to 8btc, citing its own source.

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ForkLog 20 10.09.2020

DCG’s ‘daughter’ to finance North American Bitmain buyers

Bitmain, the miner manufacturer, announced the expansion of its partnership with Foundry, formerly a subsidiary of Barry Silbert's Digital Currency Group. The goal of the collaboration is to attract capital into the North American mining industry.

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ForkLog 25 09.09.2020

Bitmain co-founder announces sale of 5nm-chip miners

One of Bitmain's co-founders, Micree Zhang, announced the launch of miners based on 5-nanometer chips. The first shipment is scheduled for January 2021 with 100% upfront payment.

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ForkLog 16 08.09.2020

Canaan to spend $10 million on share buyback

From September 22, the Nasdaq-listed Chinese miner Canaan will begin a share repurchase program. The company will allocate $10 million to the program, according to the release.

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ForkLog 42 08.09.2020

Bitcoin mining difficulty falls from historic high

As a result of another recalculation, Bitcoin mining difficulty fell by 1.21% to 17.35 T.

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ForkLog 11 07.09.2020

Transaction fees accounted for 40% of Ethereum miners’ revenue

In the past month, the share of fees in Ethereum miners' revenue rose significantly. The figure stood at 40.5%, researchers at The Block reported.

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ForkLog 21 07.09.2020

Nasdaq-listed Marathon Patent Group to buy Bitmain miners for $23 million

Nasdaq-listed Marathon Patent Group has signed a long-term contract with Bitmain to purchase 10,500 Antminer S19 Pro units.

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ForkLog 31 07.09.2020

Researchers describe a new method of laundering money through Bitcoin.

Researchers from the Blockchain Research Lab published a paper describing a growing method of laundering money through cryptocurrency. The mechanism has been named 'exclusive mining'.

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