mining News and Articles

Mining device manufacturers cut prices ahead of the halving of the first cryptocurrency. In some cases, the cost of miners dropped by 20%. Another reason was the March market crash. MicroBT now has a $2,000 price on WhatsMiner M30S model, while in early February it was $500 more expensive. The...

An anonymous Bitcoin miner has discovered a wallet with coins that were mined back in 2010, follows from his message on the BitcoinTalk forum. The block reward was then 50 BTC. Opening the topic “Newbie returning after long hiatus", he wrote that he mined “a few bitcoins” when it was...

Despite the adverse situation in the crypto market, Canadian HIVE Blockchain Technologies will expand the capacity of its mining farm in Sweden by 20% over the next six months, writes Finance Magnates. They plan to expand the facility by 10% without hiring additional employees, continuing to...

As a result of another recalculation, the complexity of the first cryptocurrency's mining has risen to a new historical maximum, reaching an indicator of 16.55 trillion hashes. The previous record level of 15.44 T held since January 29. A couple of days ago, The Block noted the possibility of a new...

Former Bitmain CEO Micree Zhan has filed a lawsuit against the Chinese mining giant and subsidiary Zhanhua Intelligence Technologies, according to CoinDesk. A notice from the Changle District Court said the hearing was scheduled for February 11 but was rescheduled due to coronavirus. This is the...

Despite the fact that the Bitcoin mining industry is still profitable, its environmental impact cannot be underestimated. So, according to a study by PWC blockchain expert and Digiconomist blog author Alex de Vries, 98% of existing equipment will become useless over time and become huge heaps of...

Kyiv law enforcers completed a pre-trial investigation into the illegal use of official equipment of the judicial administration for the extraction of cryptocurrencies. This was reported by the prosecutor's office in Kyiv. An official holding one of the leading posts in the Informational Judicial...

A subsidiary of the Japanese financial giant SBI Holdings has announced a strategic partnership with the German mining company Northern Data AG. Within its framework, SBI Crypto will be one of the first residents of the new Whinstone US data center, potentially the largest in the world. In the...

Law enforcement authorities opened a criminal case against a resident of Minsk, who illegally installed a mining farm in the basement of one of the children's educational institutions. This was reported by the agency Minsk-News. The father-in-law, working in the institution as a worker, helped the...

According to The Block researchers, last year Ethereum miners mined $936 million worth of cryptocurrency. The decline compared to the previous period was about 75%. Largely due to the advent of ASIC devices, the air hash rate reached a historic maximum in August 2018 at around 292 TH/s. After that,...

Ukrainian cyber police detained a 20-year-old student from Odesa on suspicion of hidden crypto mining. This was reported on the official website of the department. “Having received a technical education, the young man used the acquired knowledge to commit illegal actions. As a member of hacker...

In parallel, several apartments of the house in Krasnoyarsk were flooded with water. The affected residents are sure that all because of the mining farm located in one of the apartments. This was reported by Channel 7. As one of the tenants, whose apartment was flooded, assures, the incident...

Tangshan City District authorities seized 6,890 ASIC miners illegally connected to the electricity grid. It is reported by Trustnodes with reference to local media. Police raids took place in more than 70 thousand households, as well as in factories, retail outlets, and communities. In one of the...

Shenzhen District Court decided to freeze 4.7 million yuan (about $676 thousand) owned by Century Cloud Core one of the divisions of the Chinese mining giant Bitmain. The court upheld the request by the supplier of spare parts for various electronic devices Dongguan Yongjiang Electronics to freeze...

Since listing on Nasdaq last month, Canaan, a Chinese mining company, has dipped by nearly 40%. In November, Canaan Creative raised $90 million during an IPO, posting 10 million US depositary receipts for $9. Оn December 13, the securities of a mining company are trading at around $5.71. In a...

A bill defining the legal status of mining and the features of its taxation has been sent to the presidential administration of Kazakhstan for consideration. This was announced during the Blockchain Day conference by Madi Saken, senior legislative coordinator for the Association for the development...

Microsoft security engineers talked about a new kind of crypto-miner Dexphot, which since October 2018 has infected almost 80,000 computers running Windows. The malware reached its peak in June 2019. Microsoft experts emphasized the rather high level of complexity of the new crypto-jacking program....

The investigation was completed on the case of a miner from the city of Artyom in the Primorsky Territory, due to which in 2018 a fire broke out in an apartment building. This is reported by RT. The man installed a cryptocurrency mining farm in the attic of a multi-story building, connecting at...