#Cryptocurrency Mining

All about cryptocurrency mining, including Bitcoin and other digital currencies. News on mining in China, Russia, Ukraine, and globally. Learn what cryptocurrency mining is and how it works.

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ForkLog 10 03.06.2022

Kenya’s largest power generator to sell surplus energy to miners

KenGen, a Kenyan power generator focused on renewable energy, will supply excess energy to bitcoin miners.

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ForkLog 6 03.06.2022

New York State Senate backs two-year mining moratorium

The New York State Senate approved a two-year moratorium on mining cryptocurrencies powered by electricity generated from carbon sources. CoinDesk reports.

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ForkLog 14 30.05.2022

In the first quarter of 2022, miners boosted Kazakhstan’s budget by about $1.5 million

The Committee on State Revenues of the Ministry of Finance of Kazakhstan reported that in the first quarter of 2022, miners contributed 652 million tenge to the budget (about $1.5 million).

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ForkLog 6 27.05.2022

Miners’ share of Russia’s energy consumption tops 2%

Mining accounts for more than 2% of Russia's total electricity consumption, underscoring the need to regulate the market, according to the Ministry of Industry and Trade.

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ForkLog 12 27.05.2022

BIT Mining quarterly revenue falls by more than $200 million

For the first quarter of 2022, BIT Mining Limited reported revenue of $296.7 million. This was $201.1 million lower than the figure for the previous period, according to the financial report.

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ForkLog 7 26.05.2022

Nvidia shares plunge 10.3% after first-quarter results

Nvidia reported its financial results for January–March 2022, providing a weak forecast for second-quarter revenue. In after-hours trading, the graphics-chip maker's shares fell by 10.32%.

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ForkLog 10 26.05.2022

Bitcoin mining difficulty falls by 4.3%

On May 25, following the latest adjustment, Bitcoin mining difficulty fell 4.33% to 29.9T. The drop was the largest since July 2021.

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ForkLog 15 25.05.2022

Kazakhstan backs new tax rates for miners in first reading

Kazakhstan's Majilis deputies (the lower house of parliament) backed in a first reading a bill to amend the Tax Code affecting mining taxation.

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ForkLog 7 24.05.2022

New mining bill submitted to the State Duma

In the State Duma, an updated draft law 'On mining in the Russian Federation' was registered. The previous document was withdrawn.

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ForkLog 13 20.05.2022

Butyrka prison leadership suspected of illegal mining

The Investigative Committee has begun a probe into one of the leaders of the Butyrka prison for involvement in the illegal organisation of cryptocurrency mining at the detention facility.

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ForkLog 8 19.05.2022

Canaan posts 327% jump in quarterly profit in Q1 2022

For the first quarter of 2022, the Chinese manufacturer of mining equipment Canaan posted gross profit of $130.9 million. Compared with the same period last year, the figure rose by 327.2%.

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ForkLog 8 17.05.2022

Greenidge Generation posts 240% quarterly revenue increase

In Q1 2022, Greenidge Generation's revenue reached $37.7 million, up 240% year over year.

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