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.
The farm in the empty Vinnitsaoblenergo warehouse, which was closed a week ago, was intended for pumping up gaming bots.
Bitcoin miners made about $521 million in profit in November, much more than last month.
A Taiwanese miner surnamed Yang was recently arrested and accused by authorities of illegally mining 100 million yuan ($14,500,000) in cryptocurrency. Young used $3.2 million in stolen electricity to power the mining rig.
The public offering (IPO) of the largest miner manufacturer Bitmain may not take place, as the Hong Kong financial market regulator, which must approve the IPO, recently raised concerns about the lack of regulatory framework for the blockchain industry.
By May 31, 2022, Monero will have 18.4 million XMR in circulation. And the project has already mined more than 90% of this amount.
The CEO of a company that plans to build a data center for cryptocurrency mining west of Butte, Montana, isn't worried about the price of Bitcoin, which has fallen to nearly $3,200. In fact, Power BLock Coin LCC co-founder Aaron Tilton believes that the price reduction could benefit some miners.
Ongoing cryptocurrency mining is threatening the already precarious power supply in the tiny, unrecognized republic of Abkhazia, prompting officials to call for measures to regulate the cryptocurrency sector to prevent power outages this winter.
Yesterday, Razer announced the launch of a new application for computers called Razer SoftMiner. The application uses the power of idle GPUs on gamers' powerful computers to mine cryptocurrency. People who use this app will be rewarded with virtual Razer Silver credits based on how long they use it.
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