Cryptocurrency Mining | ForkLog

ForkLog 12 07.11.2024

Samara Authorities Seize 371 Bitcoin Miners from Local Enterprise

Police in Samara have shut down an illegal cryptocurrency mining operation located on the premises of a local enterprise, according to a report by the regional Ministry of Internal Affairs on their official page. Investigators revealed that the enterprise’s director, along with unidentified accomplices, purchased cryptocurrency mining equipment and installed it in rented premises on […]

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ForkLog 13 05.11.2024

Analyst Highlights Growth in On-Chain Metrics for Bitcoin and Ethereum

A researcher from The Block, known by the pseudonym Lars, has shared a series of posts on X illustrating the growth of network metrics for stablecoins, the two most capitalized cryptocurrencies, NFTs, and other key market segments.

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ForkLog 7 05.11.2024

Bitcoin Mining Difficulty Surpasses 100 T for the First Time

Following the latest recalibration, the difficulty of mining the leading cryptocurrency surged by 6.24%, reaching an unprecedented 101.65 T. Data: CloverPool. The average hash rate during the two-week calculation period slightly decreased to 680 EH/s, but it currently exceeds 720 EH/s again. According to Glassnode, on October 31, the smoothed 7-day moving average of the network’s […]

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ForkLog 17 02.11.2024

Russia Imposes Energy Consumption Limit for Individual Miners

The Russian government has set requirements for miners and infrastructure operators involved in the extraction of digital assets, as reported by Interfax. The monthly energy consumption limit for individual miners without sole proprietorship status is 6000 kWh. Exceeding this limit necessitates registration as a sole proprietor to be included in the registry. Entities may be […]

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ForkLog 23 01.11.2024

Russia Launches Miner Registry

As of November 1, Russia has implemented a regulation establishing a miner registry under the Federal Tax Service. Deputy Anton Gorelkin shared details about the compilation of this list. The Federal Tax Service will effectively create two lists: individuals directly engaged in mining and operators of mining infrastructure who provide facilities for extraction. Only Russian […]

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ForkLog 7 30.10.2024

Russia to Impose Mining Ban in Select Regions

The Russian authorities are set to prohibit cryptocurrency mining in certain regions of the country. This was reported by TASS, citing a statement from Evgeny Grabchak, Deputy Head of the Russian Ministry of Energy. He attributed the decision to a shortage of electricity. “Currently, the deficit areas are the Far East, the southwest of Siberia, […]

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ForkLog 22 28.10.2024

Green United Promoter to Challenge SEC Fraud Allegations

Christopher Cron, the chief promoter of cryptocurrency mining equipment manufacturer Green United, has filed an appeal against the SEC lawsuit accusing the company of an $18 million securities fraud. This was reported by Cointelegraph. Cron argues that the regulator’s claims regarding the company’s investment contracts being classified as securities are incorrect. He intends to challenge […]

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ForkLog 6 26.10.2024

Putin Enacts Law on Digital Currency Regulation in Russia

Russian President Vladimir Putin has signed a law regulating the circulation of digital currency within the country. The document will come into effect on November 1, 2024. Control over the registry of miners is being transferred from the Ministry of Digital Development to the FTS. The latter will have the authority to remove companies from […]

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ForkLog 19 24.10.2024

TeraWulf to Raise $350 Million for Share Buyback

Mining company TeraWulf will issue convertible senior notes worth $350 million, maturing in February 2030. The firm will offer buyers an option to purchase an additional $75 million in corporate bonds. Interest on the notes will be paid annually. TeraWulf plans to use the funds for a board-approved $200 million share buyback program and for […]

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ForkLog 8 23.10.2024

Bitcoin Mining Difficulty Reaches New Peak

Following the latest adjustment, the difficulty of mining the leading cryptocurrency has risen by 3.94%, reaching a record high of 95.67 T. Source: CloverPool. The average hash rate since the previous adjustment was 688.3 EH/s, with the interval between blocks nearly matching the algorithm’s set 10 minutes. According to Glassnode, on October 21, the network’s […]

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ForkLog 7 22.10.2024

Russian Legislation Amends Cryptocurrency Mining Regulations

The Russian State Duma has passed amendments in the second and third readings to several legislative acts concerning the regulation of cryptocurrency mining, as reported by TASS. Notably, the law “On Electric Power Industry” now grants the government the authority to prohibit digital currency mining, including participation in mining pools, in specific regions or territories […]

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ForkLog 20 22.10.2024

BitFuFu to Acquire 80 MW Bitcoin Mining Farm in Ethiopia

Cloud mining service provider BitFuFu has finalised an agreement to acquire a controlling stake in an 80 MW bitcoin mining facility in Ethiopia. According to a press release, the deal marks the company’s shift from managing small-scale assets to establishing its own mining infrastructure. As of 30 June 2024, BitFuFu had 522 MW of capacity […]

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