Cryptocurrency Mining | ForkLog

ForkLog 10 22.07.2024

Paraguayan Miners Urge Government to Reconsider Electricity Tariff Hike

Paraguayan miners have urged the government to reconsider the upcoming increase in electricity tariffs for their industry, as reported by Cointelegraph. In July, the national operator ANDE warned legal industry participants about the planned price hike, set to take effect on August 1. Jimmy Kim, a representative of the Paraguayan Chamber of Digital Technology, expressed […]

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ForkLog 6 22.07.2024

Benchmark Highlights Bitdeer’s Appeal for Acquisition

Bitcoin miner Bitdeer has emerged as an attractive acquisition target, according to analysts at Benchmark, reports CoinDesk. The financial firm raised the target price for the mining company’s shares from $13 to $16, maintaining a “buy” rating. Bitdeer’s closing price on Friday, July 19, was $10.99. In pre-market trading on June 21, the stock’s valuation […]

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ForkLog 6 19.07.2024

Police Seize 500 Bitcoin Miners Near Irkutsk

Law enforcement in the Irkutsk region uncovered illegal cryptocurrency mining operations and confiscated the equipment. This was reported by the local department of the Investigative Committee of the Russian Federation. According to the investigation, residents of TSN “Molodezhnoye” and DNT “Uyutnoye” connected 500 ASIC miners to the power grids supplying the district’s population. The miners […]

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ForkLog 38 19.07.2024

What is a digital miner, and how can you mine bitcoin with NFTs?

An explainer on digital miners and how to mine bitcoin with NFTs.

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ForkLog 5 19.07.2024

Bitcoin Mining Difficulty Rises by 3%

The latest recalibration has seen the difficulty of mining the leading cryptocurrency increase by 3.21%, reaching 82.05 T. This marks a return to growth following declines over the previous three periods. Source: BTC.com. The average hash rate since the previous adjustment was 646.59 EH/s, with the interval between blocks slightly exceeding nine minutes. According to […]

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ForkLog 22 18.07.2024

Crusoe to Launch 1.2 GW Data Center for AI

Mining company Crusoe Energy Systems, in collaboration with technology firm Lancium, has announced a multi-billion dollar deal to construct a 200 MW data center for AI. This was reported by CNBC. According to the channel, the facility will be established near the city of Abilene, Texas. It is designed to meet the unique needs of […]

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ForkLog 15 15.07.2024

Bernstein Sees “Trump Factor” as Boon for Bitcoin Miners

Bitcoin miners are experiencing a Goldilocks scenario amid the “Trump factor.” This is according to The Block, citing analysts from Bernstein. Gautam Chhugani and Mahika Sapra suggest that under current conditions, the valuations of companies in the sector will rise, making their stocks a buy. “The Goldilocks scenario for mining is becoming increasingly realistic: there […]

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ForkLog 7 14.07.2024

Bitcoin Mining Recovery Eludes Miners in June

In early July, mining companies reported their performance for the previous month. ForkLog compiled the key figures in one article. Marathon Digital Holdings In June, Marathon Digital Holdings produced 590 BTC — a 40% decrease compared to the same period last year. Compared to May, the figure dropped by 4%. Data: Marathon Digital Holdings. According […]

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ForkLog 20 12.07.2024

Core Scientific and Block’s $300 Million Deal for Bitcoin Mining Chips

The transaction for Core Scientific’s acquisition of 3-nanometer chips for bitcoin mining from Jack Dorsey’s Block is estimated to be around $300 million, according to analysts from Bernstein, as reported by The Block. On July 10, the companies announced a partnership to develop a cryptocurrency mining device based on a chip created by the Proto […]

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ForkLog 6 12.07.2024

Russian Duma Committee Endorses Cryptocurrency Mining Regulation Bill

On July 12, the Russian State Duma Committee on Financial Markets recommended that the lower house of parliament adopt a bill on the regulation of mining activities in its first reading. This was reported by TASS. The State Duma is expected to review the document on July 23. The current version of the mining bill […]

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ForkLog 14 11.07.2024

Core Scientific to Acquire 3nm Bitcoin Mining Chips from Block

Mining firm Core Scientific will be the first to purchase 3nm chips for bitcoin mining from Jack Dorsey’s Block. The deal’s hash rate context amounts to 15 EH/s. Today, Core Scientific and @blocks announced an ongoing project involving Block’s latest bitcoin mining chip. -Core Scientific and Block will work together on a new miner to […]

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ForkLog 18 11.07.2024

Bitcoin Miners in Malaysia Accused of $724 Million Electricity Theft

Between 2018 and 2023, cryptocurrency miners in Malaysia allegedly stole electricity worth 3.4 billion ringgit (~$724.9 million), according to a report by Malay Mail, citing a representative from the Ministry of Energy. Deputy Minister for Energy Transition Akmal Nasir stated that such activities have been expanding recently, causing harm to the country as a whole. […]

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