Cryptocurrency Mining | ForkLog

ForkLog 16 05.03.2025

JPMorgan Reports 22% Decline in Market Capitalisation of US Public Miners

The market capitalisation of 14 public miners in the United States fell by 22% in February, according to analysts at JPMorgan. Experts attributed this to the decline in Bitcoin’s price and the increase in mining difficulty, as reported by CoinDesk citing the report. The average daily reward for miners was $54,300 per EH/s, a decrease […]

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ForkLog 73 04.03.2025

Lukashenko Proposes Using Surplus Electricity for Cryptocurrency Mining

Belarusian President Alexander Lukashenko has suggested to the newly appointed Minister of Energy, Alexey Kushnarenko, that the country should focus on developing cryptocurrency mining. This was reported by local media. The head of state noted that he receives numerous inquiries regarding mining, indicating that the topic requires thorough examination. “If it is profitable for us, […]

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ForkLog 17 03.03.2025

250 Bitcoin Miners Shut Down in Irkutsk Region

An illegal mining farm with 250 devices was discovered in Shelekhov, Irkutsk region, according to a report by the city prosecutor’s office. The equipment was located in a non-residential building and belonged to an individual not listed in the registry of citizens engaged in cryptocurrency mining. Moreover, Shelekhov district is among the areas where digital […]

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ForkLog 28 24.02.2025

Bitcoin Mining Difficulty Decreases by 3.15%

On February 23, following the latest recalibration, the difficulty of mining the leading cryptocurrency fell by 3.15% to 110.57 T. Data: CloverPool. This marks the second adjustment of the year, retreating from the historical peak of 114.17 T. According to Glassnode, on February 7, the hash rate smoothed by a seven-day moving average reached a […]

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ForkLog 101 21.02.2025

Russia’s Mining Farms Surpass 11 GW in Capacity

The number of mining farms in Russia grew by 7% in 2024, reaching 136,600. At the beginning of 2025, their combined capacity exceeded 11 GW, reports Kommersant, citing an assessment by MTS EnergyTool. Russians are most actively mining Bitcoin, which accounts for 90% of the capacity, along with Litecoin, Kaspa, EthereumPoW, and Monero. The EnergyTool […]

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ForkLog 79 19.02.2025

Digital colonialism or independence?

In crypto circles, digital assets are often cast as a lifeline for people in developing economies. At first glance, that looks like a victory for financial freedom. On closer inspection, however, the euphoria around bitcoin tends to obscure inconvenient truths. ForkLog examines whether cryptocurrencies can truly deliver economic independence—or whether they amount to a new […]

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ForkLog 24 18.02.2025

Illegal Cryptocurrency Mining Costs Russia Over 1.3 Billion Rubles in 2024

The Rosseti Group of Companies reported losses exceeding 1.3 billion rubles due to illegal mining activities in 2024.

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ForkLog 30 13.02.2025

Illegal Bitcoin Farm with 2 MW Capacity Shut Down Near Irkutsk

Employees of the Irkutsk Electric Grid Company, in collaboration with law enforcement, discovered an illegal mining farm with over 130 installations in the workers’ settlement of Markova, according to SIA. A local resident set up containers and cabins with equipment on four plots of land. She illegally connected to an overhead power line and ran […]

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ForkLog 90 13.02.2025

US Customs Halts Import of Bitmain ASIC Miners

The US Customs and Border Protection (CBP) is detaining bitcoin mining devices upon entry into the country at the request of the Federal Communications Commission (FCC), reports Blockspace. Confiscations of imported ASIC miners Antminer S21 and T21 from Bitmain began as early as autumn 2024. This is presumably linked to the use of AI chips […]

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ForkLog 40 09.02.2025

Bitcoin Mining Difficulty Reaches Record High of 114.17 T

Following the latest recalibration, the difficulty of mining the leading cryptocurrency surged by 5.61%, setting a new all-time high at 114.17 T. Source: CloverPool. During the previous adjustment two weeks ago, the metric declined for the first time since September 2024. Experts at Luxor attributed the correction largely to colder weather in the United States, where […]

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ForkLog 35 03.02.2025

Russian Tax Authority Introduces Bitcoin Mining Section on Website

The Federal Tax Service (FTS) of Russia has introduced a section for miners in users’ personal accounts, allowing them to report the receipt of digital currency. Individuals must fill out the “Mining” form, while legal entities and individual entrepreneurs are required to complete the “Digital Currency Mining” form. The latter two must be included in […]

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ForkLog 69 02.02.2025

Cold Snap in the US Adversely Affects Mining Industry

The rise in electricity prices in the US due to a temperature drop in the southern part of the country has led to the first decrease in Bitcoin mining difficulty in four months and a decline in cryptocurrency miners’ revenues. This is reported by The Block, citing a report by Luxor. Data: The Block. […]

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