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.
Reddit user "nstran541" reported that his earnings from cryptocurrency mining through the WinMiner application amounted to $1.07 in 4 days. Although this miner did not specify which coin he was mining, other users shared his dissatisfaction. Since energy costs are now many times higher than earnings, many miners have abandoned cryptocurrency mining as it has become unprofitable.
American semiconductor manufacturer AMD released its financial report for the third quarter. The company is disappointed by the decline in demand for cryptocurrency miners and the fall in the value of markets.
Armenia has opened one of the world's largest cryptocurrency mining centers, jointly built by the Armenian holding company Multi Group Concern and the Swedish leader in the crypto mining industry Omnia Tech Limited.
Krista Hannesdottir mines crypto in a small former fish processing plant near Keflavik Airport in Iceland. It can play an important role in solving the environmental problems that mining causes.
Chinese mining company Bitmain has released a firmware update that allows Bitcoin miners to enable the Overt AsicBoost feature, which improves operating efficiency and reduces production costs.
Bitcoin mining revenues in the first six months of 2018 have already surpassed those of 2017, but the miners themselves are making little profit. This is reported in the weekly crypto report Diar.
Japanese IT giant GMO Internet has announced new software for Zcash cryptocurrency miners. Cryptknocker software allows would-be miners to use Equihash-based crypto-variant algorithms using graphics processing units (GPUs) found on many standard personal computers.
Through collaboration with Samsung, which will be responsible for chip production, and Gaonchips, which will be responsible for semiconductor development, Squire Mining plans to release its own ASIC chip for bitcoin mining by September 30, 2018.
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