Cryptocurrency Mining | ForkLog

ForkLog 45 26.04.2024

Russian Legislation Proposes Partial Ban on Cryptocurrency Circulation

The Russian State Duma has received a new version of the bill regulating mining. Among other provisions, it includes a ban on the organization of cryptocurrency circulation, except for experimental regimes by the Central Bank and the sale of coins by miners, reports Interfax. The bill defines “organization of circulation” as providing services that result […]

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ForkLog 18 26.04.2024

TeraWulf CEO Describes Runes as a ‘Lifeline’ for Bitcoin Miners

The launch of the Runes protocol has significantly bolstered miners’ revenues post-halving through increased fees, according to TeraWulf co-founder and CEO Nazar Khan in an interview with Cointelegraph. On the day of the fourth block reward halving on April 20, the average transaction fee surged to a record $128.45. According to BitInfoCharts, this figure has […]

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ForkLog 14 26.04.2024

SEC Accuses Bitcoin Miner Geosyn Mining of $5.6 Million Fraud

SEC filed a lawsuit against the mining company Geosyn Mining and its two co-founders, accusing them of an unregistered and fraudulent securities offering. The regulator claims that the firm, along with Caleb Ward (CEO) and Jeremy McNatt (COO), raised approximately $5.6 million from more than 60 investors between November 2021 and December 2022. The defendants […]

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ForkLog 23 26.04.2024

Marathon to Double Bitcoin Hashrate to 50 EH/s

Mining firm Marathon Digital Holdings has raised its target hashrate for the leading cryptocurrency network to 50 EH/s by the end of 2024. Today, we announced that we are increasing our hash rate target for fiscal year 2024 from 35-37 EH/s to 50 EH/s. Read the full press release: https://t.co/w5QHQIVsu7 — MARA (@MarathonDH) April 25, […]

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ForkLog 16 25.04.2024

Bitcoin Mining Difficulty Reaches New High Post-Halving

Following the latest adjustment, the difficulty of mining the leading cryptocurrency increased by 1.99%, reaching a record level of 88.1 T. Source: BTC.com. The average hash rate since the previous change was 726.3 EH/s. According to Glassnode, the smoothed 7-day moving average reached a peak of 649.6 EH/s on the eve of the halving on […]

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ForkLog 25 24.04.2024

Jack Dorsey’s Block Develops Bitcoin Mining Chip

Jack Dorsey’s payment company, Block, has completed the development of a 3-nm chip for mining the leading cryptocurrency. we’re building a mining rig https://t.co/IKOQHNSHgO — jack (@jack) April 23, 2024 In May 2023, the firm announced the creation of a prototype ASIC for bitcoin mining based on a 5-nm process. According to the statement, in […]

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ForkLog 20 24.04.2024

Paraguay Utilizes Mining Heat for Mango Drying

A Bitcoin mining operation in Paraguay has repurposed the heat generated by ASIC miners to dry mangoes. There’s a mining project in Paraguay that’s drying mangos Their operation eliminates 2.5 tons of carbon per MW each month from switching the drying operation away from fossil fuels to hydro power + they donate 10% of mango […]

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ForkLog 18 23.04.2024

CoinEx to Auction ‘Epic’ Satoshi

The cryptocurrency exchange CoinEx has put up for sale the first satoshi following the halving. This was announced in a press release by the trading platform. (?) The auction for Sat 1,968,750,000,000,000 — 1 of only 4 epic sats in the #Bitcoin eco—is now LIVE! ?@ViaBTC‘ll exclusively partner w/us to to auction off this epic […]

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ForkLog 30 23.04.2024

Finnish Project Utilizes Bitcoin Mining Heat for Home Heating

Hashlabs Mining is implementing a project in Finland that generates heat using bitcoin mining devices to warm homes. A revolutionary technology is emerging in Finland ?? The Finns are now using #bitcoin mining to heat their homes. Learn more in this thread. pic.twitter.com/wpa52G5hZ1 — Jaran Mellerud ?⛏️ (@JMellerud) April 23, 2024 The solution combines hydro-cooled […]

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ForkLog 70 23.04.2024

PayPal to Encourage Eco-Friendly Bitcoin Mining

The PayPal Blockchain research team has proposed a solution aimed at accelerating the transition of Bitcoin miners to clean energy sources. In collaboration with EnergyWeb, the payment company’s specialists have developed a platform offering “crypto-economic incentives” to environmentally friendly Bitcoin miners. These “green miners” will be accredited with specially marked public keys. It is anticipated […]

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ForkLog 37 22.04.2024

Bitcoin Miners Eye AI and Diversification Post-Halving

Mining companies may increasingly diversify into AI to offset reduced revenues following the halving, according to CoinShares experts. On April 20, at block height #840,000, the Bitcoin network’s block reward was halved from 6.25 BTC to 3.125 BTC. This programmed event occurs roughly every four years after 210,000 blocks, negatively impacting miners’ revenue. It is […]

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ForkLog 19 18.04.2024

Swedish Miners Face $90 Million Tax Claims

The Swedish tax authority, Skatteverket, has identified a tax shortfall from mining companies amounting to nearly 1 billion kronor (over $90 million). An investigation conducted from 2020 to 2023 revealed violations in 18 out of 21 examined companies in the sector. “The companies we examined used a specific approach to conceal their involvement in mining, […]

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