Cryptocurrency Mining | ForkLog

ForkLog 7 25.07.2024

Russia Reverses Ban on Cryptocurrency Circulation

On July 25, the Russian State Duma’s Financial Market Committee introduced amendments to the second reading of the mining bill, removing the ban on the organization of cryptocurrency circulation. This was announced by Deputy Anton Gorelkin. This provision had previously excluded the possibility of creating exchanges and exchangers outside the scope of experimental legal regimes […]

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ForkLog 19 25.07.2024

Solo Miner Strikes Bitcoin Block, Earning $212,000

On July 24, a solo miner with a hash rate of 3 TH/s successfully added block #853,742 to the blockchain of the first cryptocurrency. This was reported by CKPool administrator Con Kolivas. Congratulations to miner with the first bitaxe block, only a tiny 3TH for finding the 290th solo block on solo ckpool! This much […]

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ForkLog 18 24.07.2024

Co-founder of DEBT Box Alleges Brother’s Kidnapping and $400 Million Theft

Jacob Anderson, an executive at the mining company DEBT Box, has alleged the kidnapping of his brother and co-founder, Jason Anderson. This was reported by Fortune. According to available information, in March 2024, Jason Anderson was attending a business meeting in Dubai but was unable to leave the UAE. After interacting with airport staff, he […]

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ForkLog 10 24.07.2024

Russian State Duma Advances Cryptocurrency Mining and Experimental Regime Bills

On July 24, the Russian State Duma passed a bill in the first reading concerning the regulation of cryptocurrency mining. This was announced by Deputy Anton Gorelkin on his Telegram channel. The document establishes the legal status of industry participants. Among other provisions, it allows for the prohibition of mining in certain regions. According to […]

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ForkLog 9 24.07.2024

Bitcoin Miner IREN Ventures into AI Computing with Pilot Project

The mining company IREN, formerly known as Iris Energy, is set to launch a pilot project focused on high-performance computing using GPU technology for the AI sector, according to the firm’s presentation. $IREN is pleased to share the presentation that will be delivered at its Analyst & Investor Day at @Nasdaq in New York on […]

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ForkLog 7 24.07.2024

US Senate Opposes Increased Tax on Miners’ Energy Consumption

US Senator Cynthia Lummis has issued a report criticizing President Joe Biden’s administration’s proposal to impose a 30% tax on electricity consumed by miners. This was reported by Cointelegraph. The report highlights the benefits of critical Bitcoin mining infrastructure for the country’s energy system. Lummis cited data from the Bitcoin Energy and Emissions Sustainability Tracker, […]

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ForkLog 16 24.07.2024

Riot Platforms Acquires Block Mining for $92.5 Million

American firm Riot Platforms has announced the acquisition of Kentucky-based mining company Block Mining for a total of $92.5 million. Riot Announces the Acquisition of Block Mining – Expands Riot’s Total Potential Power Capacity To 2 Gigawatts. — Acquisition adds 60 Megawatts (“MW”) of current operational capacity with the potential to quickly expand to 110 […]

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ForkLog 3 23.07.2024

Russian Miners Mandated to Comply with AML Regulations

On July 23, the Russian State Duma passed a law requiring miners to adhere to anti-money laundering (AML) regulations, as reported by RBC. This is a separate document, not linked to the mining bill. The initial version applied only to notaries. However, amendments for the second reading included miners, mining pool participants, and their administrators. […]

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ForkLog 3 23.07.2024

Marathon Digital Fined $138 Million for Contract Breach

Marathon Digital, the largest mining company in the United States, has been fined $138 million for breaching a non-circumvention agreement. This was reported by Cointelegraph. According to a press release from the law firm Affeld England & Johnson, the jury unanimously ruled in favor of Michael Ho, founder of US Bitcoin Corp and Chief Investment […]

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ForkLog 22 23.07.2024

HIVE Digital to Establish 100 MW Bitcoin Mining Farm in Paraguay

Mining firm HIVE Digital Technologies Ltd. has unveiled plans to construct a data centre for Bitcoin mining with a capacity of 100 MW in Paraguay. “We are thrilled to announce our plan for a 100 MW project in Paraguay, utilizing green and clean energy sourced from the Itaipu hydroelectric dam,” says Frank Holmes, HIVE’s Executive […]

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ForkLog 12 23.07.2024

Swan Bitcoin to Cease Bitcoin Mining Operations

Financial firm Swan Bitcoin will wind down its mining business and abandon plans for an IPO. ANNOUNCEMENT — @Swan is unlikely to continue with our Managed Mining business in the near term. Without the expectation of significant near-term revenue from our Managed Mining unit, we are pulling our plans to IPO in the near future. […]

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ForkLog 5 23.07.2024

Russian State Duma Reviews Cryptocurrency Mining Legislation

On July 23, the Russian State Duma will conduct the first reading of a bill aimed at regulating cryptocurrency mining. This was reported by Vedomosti. Lawmakers have intensified efforts to legalize the sector following demands from President Vladimir Putin. He criticized the uncontrolled energy consumption by miners, which, according to him, has already led to […]

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