#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 21 07.04.2021

China’s bitcoin farms set to surpass the Philippines in greenhouse-gas emissions by 2024

Chinese mining farms will, within three years, consume more than 296.59 TWh of electricity and surpass the Philippines in greenhouse-gas emissions.

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ForkLog 14 06.04.2021

Marathon increases bitcoin reserves to 5,134 BTC

In the first quarter of 2021, the U.S. mining company Marathon Digital Holdings mined 196 BTC. The company's total holdings of the cryptocurrency reached 5,134.2 BTC, worth about $301 million.

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ForkLog 23 06.04.2021

Underground mining farm found in a business incubator near Saint Petersburg

The leadership of the Volkhov International Business Incubator, located in Leningrad Oblast, discovered an underground mining farm within the facility.

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ForkLog 12 06.04.2021

Abkhazia to intensify crackdown on miners and seize their equipment

In the Gudauta district administration's operational headquarters for combating illegal cryptocurrency mining, preparations are underway to seize mining equipment during raids.

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ForkLog 19 05.04.2021

Shark Tank star Kevin O’Leary pledges to buy only ‘clean’ Bitcoin

Investor and 'Shark Tank' star Kevin O’Leary said in a CNBC comment that he would buy only environmentally clean digital gold.

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ForkLog 14 05.04.2021

Hong Kong seizes 300 smuggled Nvidia CMP HX mining GPUs

Hong Kong's Customs and Excise Department detained a fishing dhow carrying 300 Nvidia CMP HX mining GPUs.

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ForkLog 9 04.04.2021

Bitcoin miners’ March revenues hit record highs

Bitcoin miners earned $1.75 billion in March. This marks a record monthly revenue, according to The Block.

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ForkLog 11 02.04.2021

Abkhazia: deputy’s aide fired after attempt to import mining equipment

The aide to an Abkhazian Parliament deputy, Lasha Sakania, left his post after an attempt to bring mining equipment into the country.

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ForkLog 10 02.04.2021

Arkhangelsk resident loses over 8 million rubles buying mining farms

Arkhangelsk police have opened a criminal case into fraud on a particularly large scale following a local resident's complaint after he was duped while trying to purchase mining farms.

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ForkLog 12 02.04.2021

Bit Digital, which shifted to mining, mined $21m worth of Bitcoin in a year

Nasdaq-listed Bit Digital mined 1,510.2 BTC in 2020. Mining revenue amounted to $21.07 million, the firm said in its annual financial report.

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ForkLog 5 02.04.2021

Dagestan reports another major electricity theft for mining.

Rosseti North Caucasus thwarted a large-scale electricity theft for cryptocurrency mining in Makhachkala.

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ForkLog 14 01.04.2021

Foundry Digital backs Blockcap with $75 million funding

American mining company Blockcap raised $75 million in two rounds of financing from Foundry Digital and Off The Chain Capital, according to Cointelegraph. The funds will be used to expand its Bitcoin mining fleet from 12,000 to 30,000 devices. Blockcap estimates that by year-end its hash rate will reach 3.5 EH/s. Blockcap was founded in 2020 by former employees of the American blockchain-hosting provider Core Scientific. The company houses all of its mining rigs in Core Scientific's data centers.

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