Cryptocurrency Mining | ForkLog

ForkLog 9 10.07.2024

The Convergence of AI and Cryptocurrency: Miners Transition to Data Centers and Filecoin Partners with SingularityNET

Miners are attractive partners for AI companies and will shift their capacities to the neural network sector, experts at Bernstein concluded. SingularityNET and Filecoin announced a partnership to unite two fields—artificial intelligence and decentralized physical infrastructure. Artificial intelligence and the crypto industry are increasingly interlinked. Miners can offer their capacities to AI companies, and firms […]

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ForkLog 30 09.07.2024

Hut 8 to Expand Bitcoin Mining Capacity to 1.3 GW

Mining firm Hut 8 has finalized an agreement to purchase electricity for a site in Texas, granting immediate access to land and a capacity of 205 MW. Hut 8 has executed definitive agreements for a 205 MW greenfield site in West Texas, expanding our energy infrastructure platform to approximately 1.3 gigawatts. This transaction marks several […]

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ForkLog 26 09.07.2024

Mining pools in 2024: ViaBTC explains

According to Miningpoolstats, in 2024 the ViaBTC pool entered the top three by Bitcoin hashrate and mined the halving block #840,000, collecting 37.6256 BTC in fees. With the help of ViaBTC and CoinEx CEO Haipo Yang, we discuss mining of digital gold and Kaspa (KAS) in 2024 and explain how to join a pool. ViaBTC […]

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ForkLog 9 08.07.2024

Rising Energy Costs Threaten Bitcoin Mining in Paraguay

A recent 14% increase in energy tariffs for cryptocurrency miners in Paraguay is prompting mining projects to exit the country, reports Bitcoin.com. Industry insiders indicate that companies are exploring alternatives in neighboring Argentina and Brazil. One such initiative is a joint venture between representatives of the two countries in the Zapala free economic zone. Zapala […]

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ForkLog 33 08.07.2024

TeraWulf Unveils Post-Halving Strategy Focused on Profitability

TeraWulf is exploring acquisition opportunities to enhance profitability rather than merely “empire building.” This was stated by the mining company’s CSO, Kerri Langlais, in an interview with Cointelegraph. Several experts have predicted a wave of consolidation in the industry following the halving of the block reward in April. In line with such deals, CleanSpark acquired […]

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ForkLog 21 05.07.2024

F2Pool Identifies Profitable Bitcoin Miners Amid Price Decline

Following the dip in Bitcoin’s price below $54,000 on July 5 and a 5% reduction in mining difficulty, only devices with an energy efficiency of at least 26 W/TH remained profitable, according to F2Pool. ?‍♂️ Today, the #Bitcoin mining difficulty was reduced by 5%, to 79.50 T. In the current difficulty epoch, what will profitability […]

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ForkLog 5 05.07.2024

Bitcoin Mining Difficulty Decreases by 5%

The latest recalibration has seen the difficulty of mining the premier cryptocurrency drop by 5%, settling at 79.5 T. Data: BTC .com. The average hash rate since the previous adjustment was 568.75 EH/s, with the interval between blocks increasing to 10.5 minutes. According to Glassnode, the network’s computational power, smoothed by a 7-day moving average, […]

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ForkLog 7 05.07.2024

Rising Interest in Cryptocurrency Mining Among Russian Investors

The recent Bitcoin halving has not diminished the enthusiasm for mining among Russian investors. According to a survey by Intelion Data Systems, 38% of respondents began investing in this sector shortly before the event, reports Kommersant. Data from the equipment supplier, part of the Association of Industrial Miners, indicates that 14% of respondents directed capital […]

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ForkLog 7 04.07.2024

CryptoQuant Reports Bitcoin Miners’ Capitulation

Bitcoin miners have begun shutting down inefficient equipment and selling reserves, indicating signs of capitulation, according to a report by CryptoQuant. Experts noted that such periods are historically associated with price lows. They highlighted that daily miner revenue has decreased from $79 million on March 6 to $29 million currently. The share of fees in […]

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ForkLog 26 03.07.2024

Chinese Mining Pools Dominate Despite Ban, Says CryptoQuant CEO

Despite China’s ban on cryptocurrency mining, Chinese mining pools account for 54% of the market share, according to CryptoQuant CEO Ki Young Ju. Despite China’s ban on #Bitcoin mining, Chinese mining pools still hold nearly 54% market share. While not all participants in these pools are Chinese, some mining farms might still be operating covertly […]

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ForkLog 29 03.07.2024

GoMining Introduces 5% Cashback with Launch of Native Token on TON

Mining firm GoMining has announced the release of its native token, GOMINING, on The Open Network (TON) blockchain. To commemorate the event, the service will offer a 5% cashback on purchases made using GOMINING within the TON network. This was reported on the GoMining website. The primary product of GoMining is digital NFT miners, backed […]

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ForkLog 10 02.07.2024

Northern Data Plans IPO for AI Division, Valued Up to $16 Billion

German company Northern Data AG is planning an IPO in the US for its AI division, with a valuation of up to $16 billion, according to sources cited by Bloomberg.

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