Cryptocurrency Mining | ForkLog

ForkLog 16 03.02.2025

Russian Tax Authority Introduces Bitcoin Mining Section on Website

The Federal Tax Service (FTS) of Russia has introduced a section for miners in users’ personal accounts, allowing them to report the receipt of digital currency. Individuals must fill out the “Mining” form, while legal entities and individual entrepreneurs are required to complete the “Digital Currency Mining” form. The latter two must be included in […]

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ForkLog 40 02.02.2025

Cold Snap in the US Adversely Affects Mining Industry

The rise in electricity prices in the US due to a temperature drop in the southern part of the country has led to the first decrease in Bitcoin mining difficulty in four months and a decline in cryptocurrency miners’ revenues. This is reported by The Block, citing a report by Luxor. Data: The Block. […]

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ForkLog 10 30.01.2025

Grayscale Launches Bitcoin Mining ETF

Digital asset manager Grayscale Investments has launched the Bitcoin Miners ETF, trading under the ticker MNRS.

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ForkLog 9 27.01.2025

ViaBTC CEO: Meme Coins Boost Litecoin Miners’ Earnings

In 2024, the mining pool ViaBTC ranked among the top three in hash rate. Concurrently, Bitcoin’s price surpassed the historic $100,000 mark, while mining difficulty continued to rise, reaching new heights by 2025. We spoke with Haipo Yang, founder of ViaBTC and the cryptocurrency exchange CoinEx, about mining profitability during the bull run and plans […]

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ForkLog 14 27.01.2025

Russia’s ‘Grey’ Miners Cause Annual Losses of 10 Billion Rubles

Russian illegal miners steal electricity worth billions of rubles annually. MTS combats underground farms through a special energy consumption analysis system. The Ministry of Energy considers it prudent to ban cryptocurrency mining in certain regions until additional generating capacities are established. Billions in Losses The total damage from electricity theft for cryptocurrency mining in Russia […]

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ForkLog 21 27.01.2025

Bitcoin Mining Difficulty Retreats from Historic High

Following the latest recalculation, the difficulty of mining the leading cryptocurrency has decreased by 2.12%. The metric adjusted to 108.11 T from its previously reached peak. Source: CloverPool. This marks the first decline in the metric since September 2024. According to Glassnode, on January 2, the hash rate (smoothed by a seven-day moving average) reached […]

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ForkLog 43 22.01.2025

Russian Innovator Develops Crypto Boiler Using Antminer Devices

A forum user on “Habr” known as teamtimteam integrated a bitcoin miner into a home heating system, earning a net monthly income of 23,000 rubles. The project took a year to complete. Since 2023, the enthusiast, alongside an engineer colleague, studied hydrodynamics literature, consulted with plumbers, and created 3D models of the future installation. In […]

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ForkLog 15 17.01.2025

Public bitcoin miners’ reserves approach 100,000 BTC

As of December 2024, publicly listed mining firms held more than 92,000 BTC on their balance sheets, a record high, according to TheMiningMag. Year on year, the figure rose by about 136% from just over 39,000 BTC. The increase was partly driven by MARA, Riot Platforms and Hut 8 shifting to a strategy of buying […]

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ForkLog 56 17.01.2025

BitFuFu to acquire a majority stake in a 51MW bitcoin mining facility in Oklahoma

Cloud-mining provider BitFuFu has signed a letter of intent to acquire a majority stake in a 51MW bitcoin mining facility in Oklahoma, USA. ? We’ve taken a major step forward in our growth strategy as we signed a letter of intent to acquire a majority stake in a cutting-edge 51MW Bitcoin mining facility in Oklahoma, […]

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ForkLog 12 17.01.2025

Irkutsk courts confirm 650 million rubles in damages from crypto mining

Over the past five years, Irkutskenergosbyt won 1,348 court cases against miners who illegally used electricity, for a total of nearly 650 million rubles. The rulings have taken effect and the defendants were ordered to pay damages. 104 claims were paid before judgments were handed down. In all, the utility filed 2,113 lawsuits against “grey” […]

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ForkLog 18 14.01.2025

Makhachkala unplugs 408-device bitcoin farm

Dagestan’s power utility uncovered a large cryptocurrency-mining farm in Makhachkala that was illegally connected to the grid, according to acting director of Dagenergo, Arsen Gadzhiev. He said the facility hosted 408 ASIC miners. The amount of stolen electricity exceeded 27m kWh. Damages were estimated at more than 180m rubles. Case materials have been handed over […]

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ForkLog 10 13.01.2025

Bitcoin mining difficulty sets another record

At the latest adjustment, Bitcoin’s mining difficulty rose 0.61%, reaching a record 110.45 T. Data: CloverPool. The average hashrate over the period since the previous change was 804.05 EH/s. According to Glassnode, on 2 January the smoothed seven-day moving average reached a high of 818.7 EH/s. It then fell to 763.6 EH/s. Data: Glassnode. According to […]

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