Cryptocurrency Mining | ForkLog

ForkLog 66 09.08.2025

Bitcoin Mining Difficulty Rises by 1.42%

On the night of August 8, following the latest recalibration, the difficulty of mining the first cryptocurrency increased by 1.42% to 129.44 T. Source: CloverPool. The metric has risen for the third consecutive time, setting a new all-time high. The average interval between blocks reached 14 minutes and 31 seconds. According to Glassnode, the hash […]

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ForkLog 24 07.08.2025

Greenidge Sells Mississippi Mining Facility Amid Financial Struggles

Greenidge Generation has sold its Bitcoin mining centre in Mississippi for $3.9 million, merely a year after its launch. This was disclosed in a filing with the SEC. The buyer is U.S. Digital Mining Mississippi, an entity linked to the publicly traded mining firm LM Funding America. The deal excludes the equipment and warehouse located […]

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ForkLog 132 07.08.2025

HashFlare Founders Plead for Leniency in $577 Million Fraud Case

Sergey Potapenko and Ivan Turygin, the founders of the cloud mining service HashFlare, have requested the court to consider their already served 16-month sentence. U.S. prosecutors are pushing for a 10-year prison term for orchestrating a $577 million Ponzi scheme, reports Cointelegraph. On August 6, investigators submitted a memorandum to the federal court in Seattle. […]

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ForkLog 44 07.08.2025

Trump’s New Tariffs Impact Bitcoin Miners in the US

The administration of Donald Trump has increased tariffs on the import of mining equipment from Southeast Asia. This move could slow the industry’s growth in the US, warned Ethan Vera, COO of Luxor Technology, in a comment to The Block. In April, the American government introduced a 90-day pause on tariffs announced under the “Liberation […]

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ForkLog 52 06.08.2025

Ingushetia Farmers Caught Illegally Mining Cryptocurrency, Stealing 8 Million kWh of Electricity

In the Ingush village of Surkhakhi, energy officials uncovered illegal cryptocurrency mining operations at a livestock farm, leading to significant electricity theft. This was reported by Rosseti North Caucasus. The consumer initially used a transformer with a capacity of 100 kVA and a contractual load of up to 80 kW. Later, the owner unlawfully replaced […]

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ForkLog 26 05.08.2025

EMCD’s Approach to Safeguarding Assets and User Data

In the first half of 2025, the crypto industry suffered losses of $3.1 billion due to scams and hackers. This figure surpasses the total for the entire year of 2024, which stood at $2.85 billion. We discussed user data security and protection with representatives from EMCD, one of the world’s top 10 Bitcoin mining pools. […]

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ForkLog 21 02.08.2025

Hive Co-Founder Links Sanctions to Bitcoin Mining

Countries under US sanctions are covertly engaging in bitcoin mining to access financial flows, according to Hive Digital co-founder Frank Holmes during a podcast with TheStreet. He noted that the decline in June of the hash rate and difficulty of the leading cryptocurrency by 15% followed airstrikes on Iran by Israeli and US forces. “Why? […]

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ForkLog 32 02.08.2025

JPMorgan Labels July a ‘Successful’ Month for Bitcoin Miners

In July, the profitability of mining the leading cryptocurrency by public companies in the United States reached its highest level since the last halving, according to CoinDesk, citing a report from JPMorgan. Experts estimate that miners experienced “another successful month,” with average revenue of $57,400 per 1 EH/s of hash rate, marking a 4% increase […]

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ForkLog 204 29.07.2025

Bitmain to Establish Bitcoin Miner Production in the US by Year-End

Bitmain, the world’s largest manufacturer of bitcoin mining equipment, is set to open its first factory in the United States. Irene Gao, the head of the company’s global business, told Bloomberg that this will occur in the coming months. By the end of the third quarter, Bitmain is expected to establish production facilities in either […]

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ForkLog 48 27.07.2025

Solo Miner Earns $372,773 for Bitcoin Block Discovery

On the night of July 27, a solo miner independently mined block #907,283 on the Bitcoin network, earning 3.154 BTC (~$372,773) in rewards and fees. Congratulations to miner 35Wu~yPhF for solving the 303rd solo block at the EU https://t.co/UWgBvLkDqc with only 49TH! https://t.co/Lpf6Tgz6TP A miner of this size only has a one in 130,000 chance […]

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ForkLog 51 26.07.2025

Bitcoin Mining Difficulty Surpasses 127 Trillion for the First Time

On July 26, following the latest recalculation, Bitcoin’s mining difficulty increased by a mere 1.07%. Yet, this was sufficient to push the metric to a record high of 127.62 trillion. Source: CloverPool. Amid this change, the network’s hash rate exceeded 1 ZH/s, and the interval between blocks shortened to nearly 9 minutes. According to Glassnode, […]

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ForkLog 58 20.07.2025

Canaan Expands Bitcoin Miner Production in the US

Canaan’s American division has signed a contract to supply approximately 6,840 Avalon A15Pro miners to Cipher Mining during the third quarter. 🚨 NEW: We’re delivering 6,840 Avalon A15Pro miners to @CipherInc’s Black Pearl facility 🇺🇸⚙️ 💥 221 TH/s⁰⚡ 16.6 J/TH⁰🏭 Built in the U.S. & Malaysia Big step for domestic #Bitcoin mining infrastructure. Full release: […]

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