#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 13.07.2021

BIT Mining Limited raises $50 million for overseas expansion

The New York Stock Exchange-listed mining company BIT Mining Limited announced a $50 million private placement. The funds will form the company's reserves after winding down its operations in China.

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ForkLog 9 13.07.2021

Compute North to lift Bitcoin-mining data-centre capacity to 1.2 GW

Compute North announced plans to expand supported data-centre capacity to 1.2 GW. The Block reports.

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ForkLog 10 13.07.2021

Glassnode analysts report a drop in miner activity amid shrinking exchange balances

Balances of exchange wallets continue to decline for the third week in a row as miners’ net position moves into accumulation. Glassnode analysts concluded as much. The shift from distribution to holding coins has become characteristic for other categories of participants in the crypto market as well. As volatility squeezes out of the Bitcoin market, it is starting to feel like the calm before the storm. This week we analyse a range of metrics seeking bull/bear triggers for — Miners — Exchanges — Derivatives — Investors. Read more in The Week On-chain https://t.co/HHjjHethbY

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ForkLog 14 13.07.2021

Backblaze estimates Chia mining profitability

Backblaze's calculations indicate that even with free disk space, mining the Chia cryptocurrency would become unprofitable by the fourth month.

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ForkLog 6 12.07.2021

HIVE buys 3,019 miners from DCG subsidiary

The mining company HIVE Blockchain, listed on the Toronto Stock Exchange and Nasdaq, acquired 3019 MicroBT WhatsMiner M30S miners from Digital Currency Group's subsidiary Foundry Digital LLC.

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ForkLog 34 12.07.2021

The9 to host Bitcoin miners at BitRiver data centre

Nasdaq-listed The9 has signed an agreement to host cryptocurrency mining equipment with Russian company BitRiver through its 100%-owned subsidiary NBTC Limited. This is stated in the company's press release.

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ForkLog 8 09.07.2021

Owners of 120-year-old hydroelectric plant boost profits through Bitcoin mining

Located in Mechanicville, New York, Albany Engineering Corp (AEC)'s hydroelectric plant yields Bitcoin mining profits three times higher than revenue from selling energy, according to the Times Union.

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ForkLog 10 09.07.2021

Official protocol with pool support for Chia mining released.

On July 7, the Chia developers released official code for mining pools.

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ForkLog 25 09.07.2021

Ukrainian businessman’s firm to open Kazakhstan data centre with over 100 MW capacity

The Ukrainian entrepreneur Sergey Tron’s White Rock Management announced the opening of a mining data centre with a capacity of over 100 MW in Kazakhstan.

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ForkLog 10 09.07.2021

Gryphon Digital Mining to Buy Bitmain Bitcoin Miners for $48 Million

The mining company Gryphon Digital Mining, fully focused on using renewable energy, has signed an agreement with Bitmain to purchase 7,200 miners for a total of $48 million.

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ForkLog 12 08.07.2021

SBU uncovers Ukraine’s largest illicit crypto mining farm

The Security Service of Ukraine (SBU) uncovered in Vinnytsia a mining farm illegally connected to the power grid. The agency said this was the largest illicit mining farm ever detected by Ukrainian law enforcement.

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ForkLog 17 08.07.2021

Anthony Scaramucci: China’s Bitcoin-mining ban is a positive development

In the long run, Bitcoin will benefit from China’s ban on mining. This view was voiced by Anthony Scaramucci, founder and managing partner of SkyBridge Capital, in an interview with CNBC.

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