Cryptocurrency Mining | ForkLog

ForkLog 18 10.04.2024

Illegal Cryptocurrency Mining Farms Shut Down in Novosibirsk

Specialists from “Rosseti Novosibirsk,” in collaboration with the police, discovered four cryptocurrency mining farms illegally connected to the power grid. The premises housing the ASIC miners were scattered across the city — near sewage treatment facilities, in a forested area on the outskirts of the Leninsky district, near the city dump on the left bank, […]

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ForkLog 9 10.04.2024

Marathon CEO: Bitcoin Halving Already Priced In

The upcoming halving of the reward for Bitcoin miners is to some extent already factored into the current bullish cycle, according to Marathon CEO Fred Thiel in an interview with Bloomberg. In his view, the approval of spot ETFs based on the leading cryptocurrency has been “hugely successful” and has attracted capital to the market. […]

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ForkLog 24 09.04.2024

Bitcoin Mining Costs Set to Surge Post-Halving, Expert Reveals

The cost of mining Bitcoin using the Antminer S19 XP is expected to rise from $40,000 to $80,000 following the halving, according to Ki Young Ju, CEO of CryptoQuant. #Bitcoin mining costs are set to double by the end of the month after the halving, jumping from $40K to $80K for S19 XPs, commonly utilized […]

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ForkLog 18 08.04.2024

Paraguay Faces Potential $200 Million Loss from Proposed Mining Ban

Paraguay’s economy could forfeit over $200 million in annual revenue if a proposed bill to ban mining is enacted. This was stated by Hashlabs Mining co-founder Jaran Mellerud in an interview with Cointelegraph. In April, a group of senators introduced a document to Congress proposing a 180-day moratorium on cryptocurrency mining activities and related operations. […]

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ForkLog 19 07.04.2024

Bitcoin Miners Ramp Up Production Ahead of Halving

In early April, mining companies reported their performance results for the previous month. ForkLog has compiled the key figures in one report. Marathon Digital Holdings In March, Marathon Digital Holdings produced 894 BTC—an increase of 7% compared to the previous month. Data: Marathon Digital Holdings. According to the press release, the hash rate fell by […]

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ForkLog 19 05.04.2024

Solo Miner Successfully Mines Bitcoin Block

On April 5, a solo miner with a hash rate of 7 PH/s added block #837,814 to the blockchain of the first cryptocurrency. This was reported by CKPool administrator Con Kolivas. This miner has been mining intermittently since the last pool restart and had accumulated about 1/20th of the shares required to solve a block […]

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ForkLog 48 05.04.2024

Paraguayan Senators Propose Temporary Ban on Bitcoin Mining

A group of Paraguayan senators has introduced a bill in Congress to temporarily ban cryptocurrency mining and related activities. According to the politicians, illegal digital asset mining operations are stealing electricity, leading to supply disruptions for the population. They have proposed a 180-day moratorium on the “installation of new crypto farms” and the “creation of […]

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ForkLog 11 03.04.2024

Hut 8 CEO Dismisses Prospect of New Bankruptcy Wave Among Bitcoin Miners

Hut 8 CEO Asher Genut does not foresee a repeat of 2022’s wave of bankruptcies among mining companies in the near future. He made this statement in an interview with Bloomberg. According to him, the primary financial issues for miners at that time were linked to excessive debt and unpreparedness for rising electricity prices. In […]

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ForkLog 10 02.04.2024

Bitcoin Miners’ Revenue Hits Record $2 Billion in March

Bitcoin miners earned over $2 billion in March, setting a new historical record. Data: The Block. Fee revenue amounted to $85.81 million. Back in December, this figure exceeded $337 million amid another Ordinals boom. Experts such as Blockstream CEO Adam Back have suggested that rising network fees will incentivize miners ahead of the upcoming halving […]

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ForkLog 11 28.03.2024

Bitcoin Mining Difficulty Decreases by 0.97%

Following the latest adjustment, the difficulty of mining the leading cryptocurrency has decreased by 0.97%, bringing the figure to 83.13 T. Source: BTC.com. The average hashrate since the previous adjustment was 593.99 EH/s, with the interval between blocks being 10 minutes and 7 seconds. According to Glassnode, the smoothed 7-day moving average reached a peak […]

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ForkLog 2 27.03.2024

Wall Street’s Financial Influence on Bitcoin Mining Examined

Funding of public companies has strengthened their role in mining digital gold. The decentralization of the Bitcoin blockchain is under threat. Collaboration and innovation, along with geographical diversification, will help uphold the network’s principles. Institutional funding of public companies has disadvantaged individual and small miners and may have long-term implications for network dynamics, according to […]

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ForkLog 84 27.03.2024

Giga Energy Ventures into Bitcoin Mining in Argentina

Texas-based mining company Giga Energy has expanded its bitcoin mining operations to Argentina, utilizing energy from flared gas. Giga is officially mining in Argentinahttps://t.co/zdXSeeaXNa pic.twitter.com/JdVEn94JNm — Giga Energy (@GigaEnergy_) March 26, 2024 The firm has commenced operations at a major shale oil and gas field in the Mendoza province known as Vaca Muerta. Giga Energy’s […]

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