Mining Difficulty Records Second-Largest Drop in History as Bitcoin Price Hovers Below $4,000The price of Bitcoin dropped below the $3,800 level on several exchanges on Monday, December 3, while the general pessimistic sentiment on the market reflected in declining Bitcoin’s network difficulty, which earlier today fell by more than 15 percent following the regular adjustment.
Canadian ASIC Chip Designer Squire Mining to Purchase CoinGeek for $45 MillionVancouver-based Squire Mining is reportedly set to purchase CoinGeek, a crypto news publication and mining pool operator, for $45.3 million. As reported by Finance Magnates, the deal will make Squire Mining the world’s “largest, publicly traded Bitcoin miner.”
ForkLog Exclusive: Slush Pool Breaks Down Bitcoin Mining Ins and Outs, Market Slump Consequences for MinersSlush Pool is one of those names in Bitcoin industry which, as it might seem, has been around forever. Based in Prague, Czech Republic, it was launched back in 2010 and not only was the very first mining pool in existence, but also paved the way for plethora of other pools, essentially laying the foundation […]
Crypto Mining Definition Removed From Russian Digital Currency Regulation Draft BillThe proposed law on digital assets in Russia will fail to clarify tax issues for miners after the lawmakers have removed the definition of crypto mining from the draft bill on digital currency regulation.
Bitfury Launches New Enterprise Grade Bitcoin Mining ServerThe Bitfury Group, a security and infrastructure provider for the Bitcoin Blockchain, today launched its new enterprise grade Bitcoin miner, the Bitfury Tardis, the latest generation of the B8 mining server.
World’s Largest Bitcoin Mining Pool Launches Ethereum and Ethereum Classic OperationBTC.com, the world’s largest Bitcoin mining pool, has announced it is expanding its offerings to include Ethereum (ETH) and Ethereum Classic (ETC).
Bitcoin Mining Giant Ebang Comes With New E11 And E11+ Devices, Plans for IPOMining equipment manufacturer Ebang International has announced release of new E11 and E11+ miners with rumors circulating that these new devices may outdo all existing alternatives in terms of performance. At least this is what Blockstream CSO Samson Mow says.
Despite Decline in Bitcoin Prices Mining Hash Rate Keeps RisingDespite the significant decline in Bitcoin prices since the beginning of 2018, the network’s hash rate continues to increase showing a complex nature of economics of cryptocurrency mining.
Nuclear Scientists Arrested in Russia for ‘Bitcoin Mining Plot’Russian security officers have arrested several scientists working at a top-secret Russian nuclear warhead facility for allegedly mining crypto-currencies.
Russian Central Bank Pushes For ‘Professional’ Miners TaxationThe deputy head of Russia’s central bank Olga Skorobogatova has stated that cryptocurrency mining as a business has to be registered and taxed. The official insists that mining is more than just production of cryptocurrencies. “Mining is validation of transactions that are represented as blocks on the blockchain. Validation is carried out by finding complex […]
Russian Authorities Receive Putin’s “Signal” to Spearhead Cryptocurrency MiningIn the latest twist of events, Russian government claimed it intends to “head and legally regulate” issuance and turnover of cryptocurrencies.
Russian Mining Center Raises Record-Breaking $43.2m Through ICORussian Mining Center, a holding co-founded by a company owned by Russian internet ombudsman Dmitry Marinichev, has raised $43.2 million over an ICO, thus setting a new record amount raised by a local company.