Cryptocurrency Mining | ForkLog

ForkLog 15 26.09.2024

Bitcoin Mining Difficulty Decreases by 4.6%

Following the latest recalibration, the difficulty of mining the leading cryptocurrency has decreased by 4.6% to 88.4 T. Data: BTC.com. The average hash rate since the previous adjustment was 740.3 EH/s, with the interval between blocks at eight minutes and 24 seconds. According to Glassnode, the smoothed 7-day moving average of computational power reached 638.4 […]

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ForkLog 29 25.09.2024

Mining Farm Generating $300,000 in Two Years Shut Down in Astana

Experts from Kazakhstan’s AFM are investigating an illegal cryptocurrency mining operation. The farm, comprising nearly 1300 ASIC miners, was operating under the guise of an engine processing centre in Astana. According to case materials, from 2022 to May 2024, the suspects engaged in mining digital assets without the necessary license. The total value of the […]

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ForkLog 99 24.09.2024

Underground Bitcoin Mining Operation Discovered in Dagestan

An underground cryptocurrency mining farm with 17 devices has been discovered in the Sergokalinsky district of Dagestan, according to the republic’s government press service. The ASIC miners and fans were located in a narrow shaft and were illegally connected to the power grid. The case materials have been handed over to law enforcement agencies. With […]

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ForkLog 18 23.09.2024

Bitfarms and Riot Platforms Reach Settlement on Shareholding

A settlement between mining companies Bitfarms and Riot Platforms prohibits the latter from acquiring more than 20% of its competitor’s shares without board approval, according to a joint press release. Under the agreement, Bitfarms co-founder Andres Finkelstein has stepped down from the management team, with Amy Friedman, an independent expert in corporate governance and capital […]

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ForkLog 21 19.09.2024

Hut 8 Unveils Cutting-Edge ASIC Miner for Bitcoin Extraction

The publicly traded company Hut 8 has introduced a next-generation miner, developed in collaboration with Bitmain, known as the U3S21EXPH.

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ForkLog 53 18.09.2024

AI-Focused Bitcoin Miners Outperform Traditional Rivals

Shares of bitcoin miners that also engage in artificial intelligence are outperforming those of competitors focused solely on cryptocurrency mining, according to analysts at Bernstein, reports The Block. AI-oriented miners such as Core Scientific, IREN, and Terawulf have achieved greater success due to investor confidence in diversified business models, more predictable revenue streams, and enhanced […]

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ForkLog 55 17.09.2024

Bhutan Mines Over 13,000 BTC

The Bhutanese government’s Bitcoin assets amount to 13,036 BTC ($770 million). The relevant addresses were tracked by experts from the analytical platform Arkham. Bhutan’s crypto assets. Data: Arkham. The nation has accumulated digital gold amounting to nearly a third of its GDP through mining conducted by the state fund Druk Holdings. Bhutan ranks fourth in […]

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ForkLog 11 16.09.2024

JPMorgan Predicts Slowdown in Bitcoin Hashrate Growth

Since the beginning of September, the hashrate of the leading cryptocurrency has increased by 4%, returning to pre-halving peaks. However, miners’ revenues remain at historic lows. Analysts at JPMorgan highlighted this issue, as reported by CoinDesk. Bitcoin hashrate. Data: Blockchain.com. Experts also noted that the hashprice fell by 2% this month and by 50% since […]

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ForkLog 11 16.09.2024

Mining GPUs Gain Popularity as Collateral in Russia

Russians are increasingly taking loans secured by graphics cards used for cryptocurrency mining. This is reported by RBC, citing data from the Federal Notary Chamber (FNP). Over five years, the number of records for these devices in the movable property registry has doubled to 1600. The increase over the past year was 13%. The FNP […]

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ForkLog 14 15.09.2024

Bitfarms to Boost Bitcoin Hashrate by 2.2 EH/s Ahead of Schedule

The Canadian mining firm Bitfarms has entered into an agreement with a subsidiary of Stronghold Digital Mining to expedite the deployment of 10,000 Antminer T21 units under hosting conditions. The integration of these units into the network in October is expected to add 2.2 EH/s to Bitfarms’ Bitcoin hashrate. The equipment was initially intended for […]

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ForkLog 42 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 19 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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