#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 10 03.12.2020

Abkhazia’s Interior Ministry reports more than 1,000 illegal miners identified

Abkhazia's Ministry of Internal Affairs and energy-oversight specialists identified 14 mining farms that illegally consumed electricity in a week, according to the ministry's press service.

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ForkLog 18 02.12.2020

Mining company HIVE posts profit as Ethereum price climbs

The Toronto-listed company HIVE Blockchain Technologies closed its second quarter of fiscal 2021 with a profit of $7.4 million, helped by lower costs and a rising Ethereum price, on which the miner has placed its main bet. This was stated in the company's press release.

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ForkLog 109 01.12.2020

Mining giants’ shares rise as Bitcoin climbs toward $20,000

As Bitcoin price nears the $20,000 mark, mining companies Riot Blockchain, Marathon Patent Group and Canaan posted significant gains.

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ForkLog 14 01.12.2020

Media: Chinese authorities cut power to miners

The Baoshan city authorities in Yunnan province banned power plants from serving local miners. This was reported by journalist Colin Wu.

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ForkLog 12 30.11.2020

Ebang obtains exclusive rights to AsicBoost technology in Korea

The Chinese mining hardware maker Ebang International Holdings announced that it has obtained an exclusive license for the AsicBoost Bitcoin mining acceleration patent in South Korea.

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ForkLog 20 30.11.2020

Venezuelan Army Turns to Cryptocurrency Mining

In Caracas, a centre for mining digital assets by the Venezuelan armed forces has opened. The facility occupies space within the Fort Tiuna headquarters. The military described the mining centre as an example of cooperation with the civilian sector. The video shows that part of the equipment consists of Antminer devices from Bitmain. View this post on Instagram. Post by 61 Brigada Codazzi (@ejb_61brig). The volume of computing power is not specified by the brigade officials. In their view, the project is an unfettered source of income. In late September, Venezuela allowed miners to operate provided they had a licence from Sunacrip and joined the national pool. In November, one of the Venezuelan miners reported that Corpoelec began forcibly disconnecting equipment in Carabobo state. Subscribe to ForkLog on YouTube!

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ForkLog 9 29.11.2020

Hashrate and Ethereum mining difficulty hit new all-time highs

The mining difficulty of Ethereum, the second-largest cryptocurrency by market cap, and its total hashrate reached new all-time highs.

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ForkLog 5 27.11.2020

In Abkhazia, another large batch of miners detained

The Department for Combating Customs Offences and Rapid Response in Abkhazia, in cooperation with law enforcement, detected illegally imported mining rigs.

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ForkLog 7 25.11.2020

Mining-farm fire in Saint Petersburg residential building.

A fire occurred in one of the residential buildings in Saint Petersburg, caused by a mining farm. Local publication reports this, citing a message from EMERCOM.

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ForkLog 6 24.11.2020

Another illegal mining farm uncovered in Dagestan; damage exceeds 4 million rubles.

In Dagestan, in one of the residential buildings, an illegal mining farm was discovered, and the damage from its activities exceeded 4 million rubles. This was reported by the local police.

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ForkLog 9 20.11.2020

Mining equipment demand in Russia up 45%

In Russia, since October 21, demand for cryptocurrency mining equipment has been rising, according to Vesti.Ru, citing analysts from the Avito service.

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ForkLog 8 19.11.2020

Analysts link Bitcoin rally to miners’ troubles in China

Much of the more-than-two-month rally in Bitcoin’s price is linked to a drop in cryptocurrency sales by Chinese miners, according to analysts at QCP Capital.

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