Cryptocurrency Mining | ForkLog

ForkLog 12 07.03.2025

Luxor Clarifies Bitcoin Miner Import Blockade in the US

The US Customs and Border Protection (CBP) may have mistakenly seized thousands of ASIC miners, believing them to be illegally imported radio frequency devices. This was reported by Cointelegraph, citing Luxor Technology COO Ethan Vera. In the autumn of 2024, it emerged that customs were detaining shipments of Antminer S21 and T21 units from Bitmain. […]

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ForkLog 36 06.03.2025

US Customs Releases Seized Bitmain ASIC Miners

The US Customs and Border Protection (CBP) has released a significant batch of mining equipment previously held at the border. This was reported by Reuters, citing Taras Kulik, head of Synteq Digital. “Evidently, there were people in the CBP who disliked bitcoin mining, so they wanted to create a headache for the entire sector, and […]

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ForkLog 8 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 40 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 8 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 16 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 46 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 55 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 16 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 15 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 31 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 26 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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