#Mining

All about the mining of Bitcoin and other cryptocurrencies – mining news in China, Russia, Ukraine and the world. To find out what cryptocurrency mining is and how it works, you can read a card about Bitcoin mining.

In August, the income of bitcoin mainers grew by 12%

According to the results of August, the total income of Bitcoin miners amounted to $ 684.3 million. The indicator grew by 12% compared to the previous month, follows from the FORKLOG report.

The reserves of the HUT 8 mining company exceeded 8100 BTC

According to the results of August 2022, the Canadian mining company HUT 8 Mining accumulated 8111 BTC ($ 152.7 million at the current rate).

Arcane Research noted a sustainable financial situation of public miners

Public mining companies are going through difficult times due to a decrease in bitcoin price, growth in electricity tariffs and mining complexity. But not one of them went bankrupt, the experts of Arcane Research noted.

How does Bitcoin mining work?

How does Bitcoin mining work? Why is the reward for it gradually decreasing? How much mining is harmful to the environment? We understand the cards.

Another miner-lone got a bitcoin block

September 6, solo-master with equipment capacity 270 Th/s included block #752 868 in the Bitcoin blockchain. This was announced by the administrator of the CKPOOL POLOL POLIVAS Pool.

What is the Proof -off algorithm (POW)?

How the consensus algorithm Proof-OF-WORK works? Why is it so important for blockchain? What problems did POW solve? We answer in the cards.

The complexity of Bitcoin mining increased by 9%

As a result of the next recalculation, the difficulty of mining of the first cryptocurrency increased by 9.26%, to 30.97 T.

Delassing myths: Is Bitcoin so terrible for ecology?

FORKLOG found out the share of bitcoin in the global structure of energy consumption and the prospects for its growth in the long run.

Antpool will suspend Ethereum support before The Merge

Starting September 3, Antpool mining pool will stop supporting Ethereum in connection with the upcoming transition of cryptocurrency to the consensus algorithm Proof-OF-Stake (POS).

Hetzner provider forbade launching nodes on his servers

The large German hosting provider Hetzner said that the use of its servers for launching software for cryptocurrency mining violates the rules of the company. Twitter users drew attention to the comment on Sabredite R/Hetzner.

Media: SBI Crypto broke off cooperation with Bitriver

SBI Holdings, the Maternity Company Miner SBI CRYPTO, stopped cooperation with the Russian operator of the Bitriver Data Centers, which is under US sanctions.

Nvidia could not assess the effect of mining on reducing quarterly revenue

According to the results of the fiscal quarter of 2023, NVIDIA revenue fell by 19% with respect to the previous reporting period, up to $ 6.5 billion. The company said that they have only “limited information” about the influence of the mining industry on her business.

In Texas, they saw the benefits of bitcoin mining for the energy industry

Mining plants do not need uninterrupted supply of electricity, so their long -term https://gagarin.news/ placement in Texas can be beneficial for the energy industry.

Arcane Research analyst predicted the power consumption of the bitcoin network in 2040

If by 2040 the price of bitcoin will increase to $ 2 million, the annual energy consumption of the network of the first cryptocurrency will reach 894 TVT|.

The analyst stated the completion of the phase of the surrender of the Bitcoin Mainers

Capriole Investments founder Charles Edwards came to the conclusion that the period of surrender of bitcoin mainers passed.

The US demanded from miners data on the impact on the ecology

Members of the Committee on Energy and Trade of the House of Representatives of the United States sent four mining companies a request to provide data on the impact of their environmental activities.

Bloomberg learned about the refusal of SBI Holdings from mining in Russia

The Japanese financial conglomerate SBI Holdings decided to curtail operations for cryptocurrency mining in the Russian Federation. This is written by Bloomberg.

In the second quarter, Bit Mining’s income decreased by $ 101 million

For the second quarter, the Bit Mining Limited Mining company, the owner of the BTC pool.COM, received an income of $ 195.5 million. This is less than January-March for $ 101.2 million.

Ethereum’s largest mining pool will not support the network pow (

The largest Ethermine mining pool on Ethereum said that none of the potential forks based on the Proof-OF-WORK algorithm (POW) would not support.

Stronghold reduced mining power and debt load

The American company Stronghold Digital Mining announced "Significant measures" on restructuring debts with a reduction in the capacity of Bitcoin mining in the second quarter.

Riot Blockchain loss for the quarter exceeded $ 366 million

For the second quarter, the Riot Blockchain mining company recorded a clean loss of $ 366.3 million with an income of $ 72.9 million.

Primeblock and Spac 10x Capital terminated the merger of $ 1.25 billion

Bitcoin-Mainer Prime Blockchain (Primeblock) and 10x Capital Venture Acquisition Corp II spaces terminated the merger of $ 1.25 billion, follows the report on the SEC.

Greenidge Generation loss in the second quarter amounted to $ 107.9 million

The Greenidge Generation mining company revised expansion plans for Texas against the background of a $ 107.9 million loss quarter received for the second quarter.

Bitfarms reported a loss of $ 142 million per quarter

According to the results of the second quarter of Bitfarms with Listing on Nasdaq and the Toronto Stock Exchange recorded a net loss of $ 142 million. For April-June, the mining company got 1257 BTC, the press release said.

Bitmain will provide miners with financial support in partnership with Antalpha

The manufacturer of Bitmain ASIC Mainers has concluded a strategic partnership with Antalpha for financial support for customers in cryptosim. This is reported by Bloomberg.

The Applied Blockchain hosting provider received a bank loan in Northern Dakota

Applied Blockchain (APLD) blockchain chosting provider received a loan of $ 15 million. The funds will be directed to pay off existing debt and the construction of data centers.

Core Scientific received a loss of $ 861.7 million after Beitcoin revaluation

American Core Scientific Blockchain-Hosting Provider, according to the results of April-June 2022, received a net loss of $ 861.7 million with revenue of $ 164 million.

Hut 8 announced a loss of $ 69 million per quarter

According to the results of the second quarter, the Canadian mining company HUT 8 recorded a loss of $ 69.2 million against $ 55.7 million net profit in January-March.

In July, public miners continued the elimination of bitcoin reservations

In July, public mining companies sold 5767.9 BTC with a total extraction of 3478 BTC, Hashrate Index experts calculated.

Cleanspark bought a valid bitcoin farm for $ 16.2 million

The American mining company Cleanspark has concluded a final agreement with Waha Technologies on the purchase of an existing Bitcoin mining enterprise for $ 16.2 million.

Cipher Mining launched a green mining center at 40 MW

Cipher Mining completed the deployment of bitcoin mainers in the new Data Center in Texas with a capacity of 40 MW, which is recorded from a chickenpox power plant.

Marathon loss in the second quarter exceeded $ 190 million

The American mining company Marathon Digital Holdings recorded in the second quarter a clean loss of $ 191.6 million against $ 13 million in January-March.

Bit Digital in July increased bitcoin production by 111%

For July, the BIT Digital mining company mining at NASDAQ has obtained 142.5 BTC, which is 111% more than the previous month.

In Kazakhstan, an investigation into the organization “mining” financial pyramid began an investigation

The Department of the Agency of Kazakhstan for Finmonitoring began a pre -trial investigation into the organization of the financial pyramid.

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All published materials belong for forklog. You can reprint our materials only after agreeing with the editors and indicating the active link to FORKLOG.