Cryptocurrency Mining | ForkLog

ForkLog 26 10.12.2024

Bitmain to Establish Bitcoin Miner Production in the US

The Chinese mining equipment manufacturer Bitmain has announced the launch of a new production line in the United States. *BITMAIN Launching U.S. Production Line*BITMAIN is thrilled to announce the launch of its new production line in the United States. This strategic move aims to provide faster response times and more efficient services to the North […]

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ForkLog 47 09.12.2024

MicroBT Unveils New Line of Bitcoin Miners

At the Bitcoin MENA 2024 conference in Abu Dhabi, MicroBT showcased its new series of bitcoin mining devices, the WhatsMiner M6хS++. According to a press release, all three ASIC miners offer an energy consumption rate of 15.5 J/TH. The air-cooled M60S++ model boasts a hash rate of 226 TH/s. Source: MicroBT. The M63S++, designed for […]

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ForkLog 27 05.12.2024

Ethiopia’s Share in Bitcoin Hashrate Reaches 2.5%

Bitcoin miners based in Ethiopia now control 2.5% of the network’s computational power, according to local bitcoin miner Kal Kassa. Bitcoin miners in Ethiopia now command 2.5% of the global hash-rate. If trends continue, according to Ethiopian Electric Power (EEP), this will more than double within one year. pic.twitter.com/oW0G95TUDa — Kal Kassa (@KalKassa) December 4, […]

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ForkLog 23 05.12.2024

Merged optimism: the mining industry at $100,000

In early November bitcoin’s mining difficulty rose by 1.59% to a record 103.9 T. Meanwhile, the price consolidated above $90,000 and, overnight on December 4–5, broke through the all-time level of $100,000.

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ForkLog 13 05.12.2024

Hut 8 to Raise $500 Million to Boost Bitcoin Reserves

The mining firm Hut 8 has entered into an agreement to sell common shares at market price, with the offering amounting to $500 million. Hut 8 today announced a $500 million ATM program and a $250 million stock repurchase program. Read the full release here: https://t.co/AbpSre2Hql — Hut 8 (@Hut8Corp) December 4, 2024 According to […]

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ForkLog 12 04.12.2024

Illegal Miners Push Abkhazia’s Energy Sector to Crisis

The authorities in Abkhazia have declared an energy crisis in the republic, attributing it partly to illegal cryptocurrency mining, reports TASS. The region is currently experiencing an emergency drop in water levels at the Inguri hydroelectric power station, which could lead to rolling blackouts and necessitate additional electricity purchases. Since 2016, energy consumption in Abkhazia […]

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ForkLog 27 04.12.2024

Foundry Mining Pool Reduces Workforce by 27%

Foundry, the largest mining pool in the United States, has reduced its workforce by 27%, from 274 to 200 employees, according to Blockspace. Sources indicate that the company has begun restructuring its business, transferring around 20 employees to a new subsidiary under Barry Silbert’s Digital Currency Group (DCG) — an AI startup named Yuma, built […]

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ForkLog 39 04.12.2024

Kazakhstan Shuts Down Mining Farm with 156 Devices

AFM of Kazakhstan uncovered an illegal cryptocurrency mining farm located on an industrial site in the city of Temirtau. The devices were housed in metal containers. During searches at the site, 156 ASIC miners and other related equipment were discovered and seized. A pre-trial investigation is underway. Since the beginning of 2024, the agency has […]

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ForkLog 9 03.12.2024

Bitcoin Mining Difficulty Reaches Record 103 Trillion

Following the latest recalibration, the difficulty of mining the leading cryptocurrency increased by 1.59%, setting a new high at 103.9 T. Source: CloverPool. The average hash rate since the previous adjustment was 832.7 EH/s, with block intervals of less than nine minutes. According to Glassnode, the smoothed 7-day moving average of network power reached a […]

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ForkLog 15 02.12.2024

Siberian Legislator Faces Charges for Garage-Based Crypto Mining

A member of the Krivodanovsky village council in the Novosibirsk region has been accused of causing property damage through illegal cryptocurrency mining, according to the regional prosecutor’s office. Case files indicate that 28-year-old Alik Nersisyan set up an illicit mining operation in his garage in the village of Krivodanovka. Investigators allege he used piercing clamps […]

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ForkLog 12 28.11.2024

MARA Acquires Bitcoin Worth $618 Million

The largest publicly traded mining company, MARA Holdings, has acquired 6,474 BTC for approximately $618 million following the issuance of $1 billion in convertible bonds. With our 0% $1 billion convertible notes offering, we are excited to share an update: — Acquired an additional 703 BTC, bringing the total to 6,474 BTC, at an average […]

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ForkLog 25 27.11.2024

Ukrainian Security Service Colonel Sentenced to 10 Years for Extorting Illegal Miners

On November 27, Ukraine’s High Anti-Corruption Court found an operative of the DCIB SBU guilty of extortion and receiving $60,000 in cryptocurrency for the return of equipment to illegal miners. According to case materials, in July 2022, the SBU officer demanded a bribe of $60,000 from an entrepreneur in exchange for assistance in returning ASIC […]

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