#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 92 04.02.2022

Mining Express data centre in Ukraine had mining equipment seized

In late January, in Kropyvnytskyi, officers of the Security Service of Ukraine (SBU) seized an unspecified amount of equipment for cryptocurrency mining from premises belonging to the Mining Express data centre.

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ForkLog 10 04.02.2022

Sphere 3D to buy 60,000 Bitcoin miners for up to $1.7 billion

Sphere 3D, a provider of data-management solutions, has signed a deal to buy 60,000 NuMiner NM440 Bitcoin miners for a total capacity of 26.4 EH/s. The deal value is up to $1.7 billion.

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ForkLog 45 04.02.2022

Bitcoin miners’ January revenue falls to $1.21 billion

In January 2022, bitcoin miners' revenue stood at $1.21 billion, down 15% from the previous month. According to ForkLog's report.

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ForkLog 12 03.02.2022

Russian energy sector proposes measures to curb illegal mining

The Association of Guaranteed Suppliers and Energy Retail Companies has prepared proposals to curb miners' electricity consumption under residential tariffs. The letter with recommendations was sent to Valery Seleznev, first deputy chairman of the State Duma Committee on Energy.

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ForkLog 7 03.02.2022

In Volgograd, sauna owner ordered to pay 4.5 million rubles for cryptocurrency mining

The Traktorozavodsky District Court in Volgograd ordered the sauna owner to pay about 4.5 million rubles for electricity consumed without metering to mine cryptocurrency.

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ForkLog 16 03.02.2022

Chamber of Commerce and Industry proposes classifying mining as entrepreneurial activity

The head of the Russian Chamber of Commerce and Industry (RCCI) Sergey Katyrin proposed to treat cryptocurrency mining as entrepreneurial activity. He sent the corresponding letter to Finance Minister Anton Siluanov, according to TASS.

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ForkLog 12 02.02.2022

Power outages for miners in Kazakhstan extended for another week

The Kazakhstan grid operator KEGOC sent miners a letter informing them of the extension of electricity-supply restrictions until February 7. The document is in ForkLog's possession.

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ForkLog 14 02.02.2022

Residential electricity consumption in Irkutsk Oblast quadrupled in 2021 due to miners

Due to the so-called 'grey' mining, last year residential electricity consumption in Irkutsk Oblast rose fourfold compared with 2020, said Evgeny Vechkanov, director of development and technological connections at the Irkutsk Electric Grid Company.

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ForkLog 7 02.02.2022

Demand for mining equipment in Russia falls after central bank report

In January, sellers of mining equipment in Russia reported a drop in demand from buyers, linking it to the central bank's latest report proposing a ban on cryptocurrencies in the country.

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