Miner fined 1.5 million rubles in Irkutsk
The Leninsky District Court of Irkutsk found the local resident guilty of illegal electricity consumption for 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.
Miner fined 1.5 million rubles in Irkutsk
The Leninsky District Court of Irkutsk found the local resident guilty of illegal electricity consumption for cryptocurrency mining.
Study finds Bitcoin miners’ electricity use surpasses 2020 levels
The Bitcoin network uses 67 TW of electricity, higher than the peak reached in 2020. Bloomberg cites the Cambridge University Bitcoin Electricity Consumption Index.
Thieves broke into a Saint Petersburg apartment housing ASIC miners worth 1.7 million rubles
A 36-year-old resident of Saint Petersburg reported to the police a theft of four Bitcoin mining devices.
Not Regulated and Not Prohibited: Ukraine Explains Mining Status
The Law on Virtual Assets does not affect the mining sector. Accounting issues, including the mining of cryptocurrencies, will be laid out in a specialized bill amending the Tax Code. This was conveyed to ForkLog by Konstantin Yarmolenko, head of the advisory group of the inter-factional association of MPs Blockchain4Ukraine.
Argo Blockchain secures $25 million loan from Galaxy Digital
Mining company Argo Blockchain agreed a loan from Galaxy Digital, Mike Novogratz's crypto bank, totaling £18 million (~$25 million). The funds will be used to expand the facility's capacity in Texas, United States.
Orenburg Court Sides with Bitcoin-Miner Buyer Against Equipment Seller
The Orenburg Regional Court for Civil Cases considered the appeal in a suit brought by a local resident against a seller of mining equipment who failed to fulfil obligations under the sale and purchase agreement.
Blockstream to expand green Bitcoin mining with Macquarie
Blockstream has formed a partnership with Australian investment bank Macquarie. The companies will launch a US pilot project for carbon-neutral Bitcoin mining.
Aksakov proposes registering mining as a form of entrepreneurial activity
The mining of cryptocurrencies should be registered as a type of entrepreneurial activity, according to Anatoly Aksakov, head of the State Duma Committee on the Financial Market.
Bitmain to deploy 56,000 miners with partners in Georgia
Bitmain will deploy 56,000 miners at a 200 MW Georgia data centre by October 2022, with Bit5ive and ISW Holdings as partners. The first 20 MW phase will be commissioned by October. Based on the parameters, the latest AntMiner S19 with around 100 TH/s is expected, and the joint venture will reach 5.6 EH/s. Bitmain will provide ASIC miners; Bit5ive will handle power, hosting and project management; ISW Holdings will provide financing. The agreement runs five years, costing $62 million, with ISW Holdings having already invested $6 million. Earlier in August, HIVE Blockchain Technologies ordered 1,800 Antminer S19j Pro miners from Bitmain. Marathon Digital Holdings previously purchased 30,000 similar devices. The latest data show an average daily hash rate of 146 EH/s, below the May high of 180 EH/s. Subscribe to ForkLog’s YouTube channel.
Bitcoin mining difficulty rose by 4.5%
Following the latest adjustment, Bitcoin mining difficulty rose by 4.54%, to 18.42 T.We use cookies to improve the quality of our service.
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