#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 13 08.12.2021

Iceland curbs energy supply to Bitcoin miners

Amid a power shortage in Iceland, state-owned Landsvirkjun has cut supplies to some large customers, including aluminium smelters and data centres. The company is also turning away all new applications from Bitcoin miners, Bloomberg reports.

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ForkLog 10 08.12.2021

Newly Appointed Cholpon-Ata RES Chief in Kyrgyzstan Found Running an Underground Mining Farm

The newly appointed head of the Cholpon-Ata RES in Kyrgyzstan installed cryptocurrency-mining equipment at home, connecting it to the power supply bypassing the meter.

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ForkLog 16 08.12.2021

In Irkutsk region, Bitcoin miners face higher electricity tariffs after court ruling

Irkutskenergosbyt filed 85 lawsuits against owners of crypto farms in private homes, totaling 73.3 million rubles.

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ForkLog 8 07.12.2021

Bitcoin hash rate nears April peak

The daily hash rate of the leading cryptocurrency's network reached 191 EH/s. It was the second-highest reading after the peak of 198 EH/s recorded on 15 April 2021, according to data from Blockchain.com.

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ForkLog 7 07.12.2021

Expert questions viability of geothermal Bitcoin mining in El Salvador

Using geothermal energy from volcanoes for Bitcoin mining would be more expensive than burning oil. This view is held by Ricardo Navarro, a laureate of the prestigious environmental award, The Telegraph reports.

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ForkLog 8 07.12.2021

Argo Blockchain posts 15% revenue rise in November

In November, Argo Blockchain's revenue rose 15% to £8.29 million (~$11.2 million). For the month, the mining company mined 185 BTC, or their equivalents.

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ForkLog 12 07.12.2021

Russian Bar Association Issues Guidance for Bitcoin Miners

Cryptocurrency mining activity carries a high level of risk. This was stated by Elena Avakyan, vice-president of the Federal Bar Association.

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ForkLog 8 07.12.2021

Nvidia rules out full unlock of LHR GPUs for Ethereum mining

Nvidia's low-hash-rate GPUs are most effective at addressing device shortages for gamers, according to CFO Colette Kress.

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ForkLog 5 07.12.2021

Ukrainian police seize equipment from illegal miners worth 4 million hryvnias

Law enforcement officers in the Dnipropetrovsk region uncovered a mining farm illegally connected to the power grid. The Ministry of Internal Affairs of Ukraine reported this.

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ForkLog 11 03.12.2021

SBU: Bitcoin miners near Kyiv stole electricity worth 3.5 million hryvnias

The Security Service of Ukraine (SBU) uncovered an underground mining farm in the Kyiv region, whose owners allegedly stole electricity worth 3.5 million hryvnias (over $128,000).

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ForkLog 11 03.12.2021

Miners begin leaving Kazakhstan amid power-supply problems

BitFuFu, a mining company, shut down devices located in Kazakhstan due to power-supply problems in the country and began relocating equipment to the United States. Other industry players have decided on this step as well.

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ForkLog 8 03.12.2021

Ethereum hash rate hits record high in November

On November 12, the Ethereum network hash rate (seven-day smoothed moving average) reached a record high of 818.39 TH/s. This occurred shortly after ETH crossed{{AOPEN_1}} the $4700 level{{ACLOSE_1}}, according to ForkLog{{AOPEN_2}} analytical{{ACLOSE_2}} report.

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