Cryptocurrency Mining | ForkLog

ForkLog 15 30.06.2025

Bitcoin Miners in St. Petersburg Cause 8 Million Rubles in Damages

The police in St. Petersburg discovered 58 illegally connected ASIC miners at a local enterprise’s substation. The mining farm occupied several hundred square meters. Upon inspection, it was found that electricity was being used for the entire facility, including the mining equipment and ventilation system, bypassing metering devices. Energy company representatives have drawn up the […]

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ForkLog 50 29.06.2025

Bitcoin Mining Difficulty Drops by 7.48%

On June 29, following the latest recalibration, the mining difficulty of the leading cryptocurrency adjusted by 7.48% to 116.96 T. Data: CloverPool. This marks the second consecutive decline, with the current drop being the most significant in recent years. According to Glassnode, the hash rate (7 DMA) plummeted to 799 EH/s from near-record levels. Data: […]

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ForkLog 17 26.06.2025

Satoshi-Era Miners Cease Bitcoin Sales

Miners of the first cryptocurrency have increased their reserves by 4000 BTC since April, despite declining revenues. Simultaneously, participants from the “Satoshi era” have shifted to accumulation, according to a report by CryptoQuant. Analysts noted that miners’ daily revenue has fallen to $34 million — the lowest level since April 20, 2025. The reason is […]

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ForkLog 20 26.06.2025

Bit Digital Shifts Focus from Bitcoin Mining to Ethereum

Nasdaq-listed miner Bit Digital will shift its focus from digital gold to staking and storing the second-largest cryptocurrency by market capitalization, reports The Block.

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ForkLog 14 25.06.2025

Tether’s Paolo Ardoino Predicts Leadership in Bitcoin Mining

Tether’s chief, Paolo Ardoino, has stated that the company could become the largest Bitcoin miner by the end of 2025. He made this announcement on The Block podcast. According to him, the firm’s goal is not commercial profit but the protection of its assets. The company owns more than 100,000 BTC and aims to participate […]

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ForkLog 71 23.06.2025

Norway Considers Restricting Bitcoin Mining

The Norwegian government will consider by autumn the possibility of banning the establishment of new cryptocurrency mining enterprises using energy-intensive algorithms like Proof-of-Work (PoW). According to the head of the Ministry of Local Government and Modernisation, Karianne Tung, this activity “offers little to local communities in terms of jobs and income.” “This is energy we […]

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ForkLog 31 23.06.2025

Canaan Initiates ASIC Miner Production in the United States

ASIC miner manufacturer Canaan has completed a pilot production launch in the United States, a company representative told Cointelegraph. The company has also abandoned the development of AI chips. Canaan described this move as a “strategic restructuring to enhance focus.” “I believe that focusing on our core strengths in crypto infrastructure and Bitcoin mining is […]

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ForkLog 13 20.06.2025

ForkLog to Host Live Stream on 2025 Mining Trends

ForkLog will host a live stream discussing current trends in the mining industry. The broadcast is scheduled for June 23 at 16:00 (Kyiv/MSK) on the magazine’s YouTube channel. The discussion will feature Mikael Abgaryan, Head of Corporate Sales at EMCD, and Kirill Sitnikov, Director of Data Centers at R7miner. The speakers will particularly focus on […]

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ForkLog 99 18.06.2025

AgriFORCE Launches Bitcoin Mining Using Flare Gas

Canadian agribusiness firm AgriFORCE has initiated its first cryptocurrency mining operation in Alberta, powered by flare gas. The facility is located in Berwyn. In its initial phase, the site has a capacity of 425 kW, equipped with 120 Bitmain S21 ASIC miners, achieving a total hash rate exceeding 32 PH/s. In the second phase, the […]

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ForkLog 94 17.06.2025

Bitcoin Miners’ Fee Revenue Share Drops Below 1%

Since the beginning of June, miners of the leading cryptocurrency have earned approximately $7 million from fees, accounting for just 0.97% of the total revenue of $722.8 million. Data: The Block. This figure could potentially reach its lowest point since January 2022, noted TheMinerMag. By mid-month, the share of network fees in revenue had fallen […]

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ForkLog 152 14.06.2025

Bitcoin Mining Difficulty Stalls in Growth

Following the latest recalibration, the difficulty of mining the leading cryptocurrency adjusted by 0.45% to 126.41 T. Source: CloverPool. The metric slightly retreated from the all-time high of 129.98 T, reached two weeks ago. According to Glassnode, the hash rate (7 DMA) stands at 936.4 EH/s, nearly matching the record level recorded on May 31. […]

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ForkLog 160 05.06.2025

Solo Miner Earns $330,386 for Bitcoin Block Discovery

On June 5, a solo miner successfully mined block #899,826 on the Bitcoin network, earning a reward of 3.151 BTC ($330,386). Data: mempool.space. The participant used the CKpool platform. According to mempool.space, the block contained 3,680 transactions. The average transaction fee was approximately $0.29, with a median rate of about 2 sat/vB. CKPool administrator Con […]

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