Cryptocurrency Mining | ForkLog

ForkLog 28 15.09.2024

Norwegian Town Faces Energy Cost Surge After Bitcoin Farm Closure

Residents of the Hadsel municipality in Norway succeeded in shutting down a Bitcoin mining centre due to noise complaints. However, this led to a sharp increase in electricity bills. Power bills increased by $300 per year for each home in a Norwegian town after the local #bitcoin miner shut down. The miner paid 20% of […]

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ForkLog 13 15.09.2024

Bitcoin Mining Output Declines in August, Miners Report

In early September, mining companies reported their performance for the previous month. ForkLog compiled the key figures in one article. MARA In August, MARA (formerly Marathon Digital) produced 673 BTC. Compared to July, this figure decreased by 3%. Data: MARA. According to the press release, the activated hash rate increased to 35.2 EH/s, which is […]

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ForkLog 28 12.09.2024

CleanSpark to Boost Hashrate by 5 EH/s with Acquisition of Seven Tennessee Sites

CleanSpark is set to take control of seven mining facilities in Knoxville, Tennessee, with an available capacity of 85 MW. The deal is valued at $27.5 million. Hopefully this news will Knox-ville your socks off. ? We’ve entered into definitive agreements to acquire 7 #Bitcoin mining facilities and certain associated land in the Knoxville, Tennessee, […]

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ForkLog 12 11.09.2024

Core Scientific Bets on AI Computing for Exponential Growth

The value of Core Scientific could grow “exponentially” over the next few years due to its potential in AI computing. This was stated by the CEO of the mining company, Adam Sullivan, in an interview with Bernstein analysts, as reported by The Block. However, the results will depend on the firm’s ability to expand beyond […]

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ForkLog 8 11.09.2024

Glassnode Warns of Potential Bitcoin Sales by Miners Amid Correction Risks

Bitcoin miners remain confident in the prospects of digital gold due to the rising hash rate, yet they may increase sales if further corrections occur. This is possible due to a general reduction in risk appetite, according to Glassnode. The competitiveness of the Mining landscape and their conviction in the #Bitcoin Network continues to rise, […]

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ForkLog 17 11.09.2024

Bitcoin Mining Difficulty Reaches New Peak

Following the latest adjustment, the difficulty of mining the leading cryptocurrency increased by 3.58%, setting a new record at 92.67 T. Data: BTC.com. The average hash rate since the previous adjustment was 662.34 EH/s, with the inter-block interval reduced to 9 minutes and 40 seconds. According to Glassnode, the smoothed 7-day moving average of the […]

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ForkLog 10 11.09.2024

Solo Miner Secures Bitcoin Block, Earning $181,000

On September 10, a solo miner successfully added block #860,749 to the blockchain of the leading cryptocurrency, earning 3.169 BTC ($181,147) in subsidies and fees. Source: mempool.space. The block contained 5,959 transactions. In addition to the post-April halving reward of 3.125 BTC, network fees amounted to just 0.44 BTC, or 1.4% of the total. CKPool […]

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ForkLog 13 10.09.2024

MTS Uncovers Hundreds of Illegal Mining Farms in Russia

Since the beginning of 2024, MTS specialists have identified over a hundred illegal mining farms within the customer service areas in Russia. This was reported by Pavel Fedosov, head of the corporation’s IoT center, according to TASS. The MTS platform is capable of detecting meters that transmit understated readings and specific network segments using big […]

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ForkLog 14 09.09.2024

Fractal Bitcoin: a breakthrough sidechain or just another altcoin?

At one time, the bitcoin hard forks Bitcoin Cash and Bitcoin SV made the “splitting” of the original cryptocurrency’s network one of the community’s hottest topics. The hype has since passed, and the creators of those blockchains, Roger Ver and Craig Wright, are remembered mainly for their legal troubles. Crypto history is cyclical, and in […]

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ForkLog 10 06.09.2024

Bitriver Assesses Energy Consumption by Russian Miners

Electricity consumption by miners based in Russia has exceeded 2.5 GW, according to estimates by Bitriver CEO Igor Runets, reports TASS. The executive explained that this figure includes illegal grey cryptocurrency mining. “Such players connect to communal power grids at residential rates, which are not designed for the consumption profile typical of mining. Moreover, this […]

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ForkLog 8 05.09.2024

Putin Warns Against Siberian Stagnation Due to Cryptocurrency Mining

The surplus of energy resources used for mining in Siberia should not hinder the region’s development. This was stated by Russian President Vladimir Putin during the EEF, reports RBC. He acknowledged that the country is one of the global leaders in cryptocurrency mining and that businesses in this sector are “earning quite well.” “Mining is […]

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ForkLog 45 03.09.2024

Solo Miners Extract Over 329 Bitcoin Blocks in 11 Years

Since 2014, solo miners of the first cryptocurrency have extracted at least 329 blocks, according to calculations by Protos based on CK Pool data. CHART: When solo miners found a Bitcoin block Operating as lone wolves and paying for 100% of their own equipment and electricity, solo bitcoin miners sometimes strike it lucky. Read more: […]

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