In our “Mining” section, we cover everything related to cryptocurrency mining and blockchain network security. Here you will find information about mining hardware, mining pools, profitability, and the technologies behind validating transactions. Read the “Mining” section on ForkNews to learn how cryptocurrency mining works and stay updated on the latest developments.
According to Newsweek, Le Minh Tam, the CEO of Vietnamese cryptocurrency mining startup Sky Mining, disappeared on July 26, taking with him $35 million in client investments.
The British company 4New has raised funds for an initiative to use waste for cryptocurrency mining. The company received an investment of $30 million from Mirach Capital Group LCC.
The Internet is replete with stories about the super-profitability of cloud mining and offers to participate in this enterprise. If we exclude from this the banal scam of gullible citizens, then what will be the bottom line?
It's no secret that Georgia is one of the most loyal countries in the post-Soviet space, where it is not only cozy, but also profitable to do business. This became possible literally over the last 10 years thanks to the colossal reform efforts of the country’s successive leaders, each of whom sought to make it better and richer. Let’s try to figure out how exactly things are going with the cryptocurrency business here in our material today.
The autonomous Chinese province of Xinjiang is starting a hunt for mining farms that do not have a license for this activity. All illegal cryptocurrency mining operations must be identified and suppressed by the end of August.
Hashflare is a cloud cryptocurrency mining service. This system manages a set amount of computing power on a user's computer and rewards them with a share of the transaction they help facilitate.
The State Bank of Vietnam has announced that the import of all cryptocurrency miners will be banned in order to improve the management of foreign exchange transactions in the country. This statement followed the receipt of an official letter from the Ministry of Industry and Trade, whose representatives proposed to temporarily ban the import of these units.
The Toronto-based mining company announced on July 16 the completion of its second mining center in Canada, saying it has become the world's largest “public operator.”
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