Report: Bitcoin miners earned $16.7 billion in 2021
In 2021, bitcoin miners' revenue amounted to $16.7 billion, while Ethereum miners earned $23.4 billion — about 40% more, according to ForkLog's annual report.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.
Report: Bitcoin miners earned $16.7 billion in 2021
In 2021, bitcoin miners' revenue amounted to $16.7 billion, while Ethereum miners earned $23.4 billion — about 40% more, according to ForkLog's annual report.
Costa Rica hydro plant resumes operations thanks to mining
The owner of a small hydroelectric plant in Costa Rica has set up a mining farm on its grounds to relaunch a 30-year venture after months of downtime, Reuters reports.
Luxor launches platform for buying and selling bitcoin miners
Luxor Technology, an American mining company, has launched a trading service for bitcoin mining equipment, CoinDesk reports.
Unknown Bitcoin miner mines a block — probability of such an event is less than 0.0001%
On January 11, an unknown Bitcoin miner with hash power of 126 TH/s mined block 718,124.
Opinion: Kazakhstan’s internet shutdown overhyped as Bitcoin price driver
The drop in Bitcoin from January 5 to 7 has been wrongly linked to the shutdown of mining farms in Kazakhstan due to the internet outage. Arcane Research analysts share this view.
Jack Dorsey’s Block to form a team to develop a next-generation ASIC Bitcoin miner (formerly Square)
Block (formerly Square), Jack Dorsey’s company, opened vacancies in teams developing a next-generation ASIC miner and a hardware wallet for the next 100 million Bitcoin users. This is stated in the relevant section on the site.
CEO of Uminers: Russia’s Cheap Power Era Is Over
In an interview with ForkLog, Uminers founder Batyr Khydyrov discussed regulators' stance toward miners, the impact of semiconductor shortages on the industry, and the prospects for mining in Russia.
Police detain two suspects in Tyumen over mining-related fraud
Law enforcement detained two suspects in Tyumen over mining-related fraud, according to the Ministry of Internal Affairs.
Tenants of bankrupt Dormash plant in Orel face up to five years for stealing electricity to mine Bitcoin
In 2021, the bankrupt Dormash plant in Orel became the region's largest debtor for utility payments.
Georgian authorities seek to curb illegal mining amid electricity shortage
The Georgian government and Energo-pro Georgia are addressing the problem of illegal cryptocurrency mining in Svaneti, according to Natia Turnava, Georgia’s Minister of Economy.
In Kosovo, authorities confiscated more than 300 Bitcoin miners
Law enforcement authorities of the partially recognised state of Kosovo, in joint raids with customs, confiscated more than 300 Bitcoin mining devices.
Mining data centres in Kazakhstan resume operations as internet access is restored
Practically all Kazakhstan's legal mining data-centres have resumed operations, ForkLog reported, citing Alan Dorzhiev, head of the National Association of Blockchain and Data-Centre Industry of Kazakhstan.We use cookies to improve the quality of our service.
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