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.
Recently, the largest US mining company filed for bankruptcy, admitting its inability to pay its debts. According to court documents, Giga Watt's assets are valued at $50,000, its debts are nearly $50 million, and it has more than 50 creditors awaiting payment of numerous debts.
Anthony Dresch, founder of Korelya Capital, which led Bitfury's $80 million funding round, recently joined Bitfury's board of directors. And Bitfury's advisory board will now be chaired by Annette Nazareth, a former authorized representative of the US Securities and Exchange Commission.
Delaware-based OsiaNetwork recently asked the Federal Election Commission (FEC) whether cryptocurrency mining pools that mine funds to support political campaigns are legal.
New data released by international trading and technology firm Susquehanna showed that Ethereum GPU mining profitability dropped to zero in November. Back in the summer of 2017, Ether miners received $150 per month.
Mining farms recently signed agreements with the Chinese government on new operating rules, now costing them a loss of 20 percent of their hashrate.
The Coinmine company enters the mining equipment market with the unexpected concept of “bringing mining to the masses!” Operating as a platform since August 2013, Coinmine’s service for joint mining of altcoins with a large selection of coins for every taste and for any equipment has become quite popular.
The Yinjiang City Industry and Commerce Administration, which enforces enterprise and consumer protection laws, issued a notice to local mining companies requiring them to register with the Yunnan Provincial Energy Supply Administration. Otherwise, their power supply will be cut off and operations will be automatically suspended.
The Northern Bitcoin company descended 350 meters underground to record-breakingly reduce the cost of Bitcoin mining and refute the theory of a global environmental disaster that cryptocurrency mining will lead to.
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