BTC.com, the world’s largest Bitcoin mining pool, has announced it is expanding its offerings to include Ethereum (ETH) and Ethereum Classic (ETC).
Mining 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 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.
Russian security officers have arrested several scientists working at a top-secret Russian nuclear warhead facility for allegedly mining crypto-currencies.
The 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 […]
In the latest twist of events, Russian government claimed it intends to “head and legally regulate” issuance and turnover of cryptocurrencies.
Russian 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.
Even though mining today is quite profitable, this industry may fade into oblivion in the long run, Ethereum founder Vitalik Buterin told Russian publication Kommersant.
According to the official comment by Oleg Chupriy, the deputy chairman of the National Bank of Ukraine, Bitcoin has no legal status in Ukraine.
Even though Ukraine’s legislation does not include any direct bans on cryptocurrency mining, miners have become objects of interest for the SBU, the country’s security service, and other law enforcement agencies.
The word ‘mining’ has become mesmerizing for many cryptocurrency enthusiasts and those who had never heard a thing about bitcoin, Ethereum, and other altcoins. Media report that graphics cards are short on supply, while companies selling professional mining equipment can’t handle the flood of orders.
Russia is experiencing a severe shortage of graphics cards supply. As reported by Russian publication Vedomosti, computer hardware stores are nearly out of them.