Cryptocurrency Mining | ForkLog

ForkLog 48 24.12.2024

Russia Imposes Mining Ban in Several Regions

The Russian government has approved a list of regions and territories where cryptocurrency mining and participation in mining pools will be prohibited from January 1, 2025, to March 15, 2031, as reported by TASS. The restrictions specifically affect Dagestan, Ingushetia, Kabardino-Balkaria, Karachay-Cherkessia, North Ossetia, and Chechnya. Additionally, in certain areas of the Irkutsk region, Buryatia, […]

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ForkLog 32 20.12.2024

MARA Launches Second District Heating Project in Finland

The American mining company MARA has initiated its second project in Finland, utilizing the heat generated from cryptocurrency mining to warm residential homes. This holiday season, we’re excited to bring the gift of warmth to even more homes with the addition of our second district heating project warming a city of 67,000 residents with #Bitcoin […]

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ForkLog 39 20.12.2024

Uzbekistan’s Ministry of Justice Registers Licensing Fees for Bitcoin Exchanges

On December 17, Uzbekistan’s Ministry of Justice registered an internal document from the NAPP, setting the state fee for licensing cryptocurrency exchanges, exchangers, and mining pools in the country. According to the document, the fees are as follows: for exchanges — 73,400 BCV (27.5 billion soums or $2.1 million); for exchangers [referred to as crypto […]

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ForkLog 8 19.12.2024

MARA Expands Bitcoin Reserves to $4.45 Billion, Hut 8 Reaches $1 Billion

The mining company MARA Holdings has acquired an additional 15,574 BTC for a total of $1.53 billion at an average price of approximately $98,529 per coin. MARA raised $1.925 billion from 0% convertible notes in November and December. Using the proceeds from its zero-coupon convertible notes offerings, MARA has acquired 15,574 BTC for ~$1.53 billion […]

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ForkLog 46 19.12.2024

Bitcoin Miner Prices Surge in China Amid Rising Demand

Amid new price records for the leading cryptocurrency, the cost of ASIC miners in China has surged due to increased demand, including from Russia, according to local media reports. A hardware dealer in Shenzhen informed journalists that he sold popular Antminer S21 units for $5600 each, approximately 30% higher than their price a year ago. […]

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ForkLog 64 18.12.2024

Chinese Auto Firm Ranks as Third Largest Bitcoin Miner Globally

Chinese provider of smart equipment and transactional services for the automotive industry, Cango, has emerged as the third largest Bitcoin miner by hash rate. This was announced in the company’s press release. Hash rate and number of BTC mined by the end of November 2024. Source: Blockspace. On November 15, Cango reported the acquisition of […]

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ForkLog 11 16.12.2024

Bitcoin Mining Difficulty Reaches New High Above 108 T

Following the latest adjustment, the difficulty of mining the leading cryptocurrency increased by 4.43%, reaching a record 108.52 T. Source: CloverPool. The average hash rate over the past two weeks was 772.2 EH/s. The interval between blocks increased to over 11 minutes, indicating a potential reduction in difficulty at the next adjustment. According to Glassnode, […]

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ForkLog 61 15.12.2024

Greenpeace Halts Anti-Bitcoin Mining Campaign

The environmental organization GreenpeaceUSA has quietly concluded its “Change the Code” campaign aimed at combating pollution from cryptocurrency mining. This was reported by Bitcoin researcher Daniel Batten. According to his observations, the environmentalists have not released new press statements or posts for over six months. The X account (@cleanupbitcoin) has been inactive since January 2024. […]

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ForkLog 15 13.12.2024

JPMorgan: Miners Emulate MicroStrategy’s Bitcoin Strategy

Publicly traded mining companies are adopting a strategy of acquiring bitcoin for their balance sheets, following the example of MicroStrategy. This is according to a report by JPMorgan, as reported by CoinDesk. To finance operational costs, firms are issuing bonds and stocks, opting not to sell mined coins. This shift is due to pressure on […]

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ForkLog 50 13.12.2024

Riot Shares Surge Amid Potential AI Pivot

On December 12, Riot Platforms’ shares jumped nearly 5% following news of Starboard Value acquiring a stake in the bitcoin miner. Meanwhile, the S&P 500 index declined by 0.5% that day. Data: Yahoo Finance. On Thursday morning, The Wall Street Journal reported that Starboard Value had acquired a “significant” stake in Riot. The buyer is […]

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ForkLog 17 10.12.2024

MARA Acquires $1.1 Billion in Bitcoin

The mining company MARA Holdings has purchased 11,774 BTC for approximately $1.1 billion, at an average price of around $96,000 per coin. Using the proceeds from its zero-coupon convertible notes offerings, MARA has acquired 11,774 BTC for ~$1.1 billion at ~$96,000 per #bitcoin and has achieved BTC Yield of 12.3% QTD and 47.6% YTD. As […]

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ForkLog 25 10.12.2024

Abkhazia Shuts Down Internet to Combat Illegal Mining

On December 10, from midnight to 7:00 AM, internet providers in Abkhazia, at the behest of authorities, disconnected internet access across the republic to counteract illegal mining. This was reported by Interfax. The government has established a task force to ensure the region’s energy security. Timur Dzhindzholia, CEO of Chernomorenergo, stated at a task force […]

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