#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 9 26.01.2021

Miner installs mining rig in BMW sports car to ‘annoy gamers’

An American resident, Simon Bern, created a miniature mining rig from six Nvidia RTX 3080 graphics cards and placed it in the trunk of a BMW i8 hybrid sports car. HardwareTimes reports.

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ForkLog 10 25.01.2021

In Abkhazia, mass raids target mining farms.

The Abkhazian Ministry of Internal Affairs reported conducting several raids to curb illegal electricity consumption by miners. Over the 24-hour period, authorities cut power to equipment totalling around 25 MW.

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ForkLog 12 22.01.2021

Hut 8 takes out $11.8 million loan at 16.5% to buy Bitcoin miners

Canadian mining firm Hut 8 said it had completed securing a loan to finance equipment purchases of $11.8 million from Foundry, the Digital Currency Group (DCG) subsidiary led by Barry Silbert.

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ForkLog 6 22.01.2021

Investor files class-action suit against Bit Digital

A class-action lawsuit has been filed in the Southern District of New York against the Nasdaq-listed mining company Bit Digital. Investor Anthony Powell accused the defendant of making misleading statements and causing substantial financial damage.

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ForkLog 7 22.01.2021

Missoula County to set permanent zoning for cryptocurrency mining

Missoula County Planning Council in Montana held the first public hearings on permanent zoning for cryptocurrency mining operations, according to local news agency KPAX.

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ForkLog 9 21.01.2021

Equipment worth 1 million rubles stolen from mining farm in the Urals

In the Chelyabinsk region, investigators are examining the theft of equipment from a mining farm set up by local residents.

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ForkLog 15 20.01.2021

Rosseti North Caucasus reports 230 million rubles in losses from miners

For 2019–2020, Rosseti North Caucasus identified 35 cases of illegal electricity consumption by miners.

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ForkLog 8 20.01.2021

Russian man duped in attempt to buy a mining rig to heat his garage

A resident of Irkutsk Oblast fell victim to scammers while trying to purchase cryptocurrency mining equipment. According to МВД.

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ForkLog 6 20.01.2021

Russian demand for GPUs used for mining rose 70% in December

Yandex.Market specialists recorded a rise in demand for GPUs used for mining cryptocurrencies in Russia. According to their data, at the start of December the number of clicks on listings for their sale rose by almost 70%, Prime writes.

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ForkLog 15 19.01.2021

HIVE acquires 6,400 ASIC miners from Canaan

The Toronto Stock Exchange-listed company HIVE Blockchain Technologies has acquired 6,400 AvalonMiner 1246 miners from the Chinese manufacturer Canaan Creative with delivery through the end of 2021.

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ForkLog 10 19.01.2021

Nvidia weighs mining GPUs as demand rises

Nvidia, the maker of graphics cards and chips, did not rule out resuming the production of GPUs for cryptocurrency mining. This was stated by Executive Vice President and Chief Financial Officer Colette Kress in the company’s blog.

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ForkLog 14 18.01.2021

Media: Rise in cryptocurrencies has led to GPU shortages that are set to persist until mid-2021

Since the end of 2020, the price of graphics cards has risen on average by $100. Available models are snapped up instantly, and high-performance devices have completely disappeared from open sale. The cryptocurrency miners have played a major role in this hype, according to Vedomosti.

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