#mining

Operational Adjustment – Bitcoin Mining Giant Bitmain Confirms Staff Layoff

Chinese crypto mining giant Bitmain confirmed the restructuring of the company in order to “build a long-term, sustainable and scalable business.”

GMO Internet Quits Bitcoin Miner Production After Recording Extraordinary Losses

Japanese internet giant GMO Internet Group is quitting the Bitcoin mining hardware sector citing “extraordinary loss” in Q4 this year, Cointelegraph reported on Tuesday, December 25.

Mining Difficulty Records Second-Largest Drop in History as Bitcoin Price Hovers Below $4,000

The price of Bitcoin dropped below the $3,800 level on several exchanges on Monday, December 3, while the general pessimistic sentiment on the market reflected in declining Bitcoin’s network difficulty, which earlier today fell by more than 15 percent following the regular adjustment.

Canadian ASIC Chip Designer Squire Mining to Purchase CoinGeek for $45 Million

Vancouver-based Squire Mining is reportedly set to purchase CoinGeek, a crypto news publication and mining pool operator, for $45.3 million. As reported by Finance Magnates, the deal will make Squire Mining the world’s “largest, publicly traded Bitcoin miner.”

ForkLog Exclusive: Slush Pool Breaks Down Bitcoin Mining Ins and Outs, Market Slump Consequences for Miners

Slush Pool is one of those names in Bitcoin industry which, as it might seem, has been around forever. Based in Prague, Czech Republic, it was launched back in 2010 and not only was the very first mining pool in existence, but also paved the way for plethora of other pools, essentially laying the foundation […]

Crypto Mining Definition Removed From Russian Digital Currency Regulation Draft Bill

The proposed law on digital assets in Russia will fail to clarify tax issues for miners after the lawmakers have removed the definition of crypto mining from the draft bill on digital currency regulation.

Bitfury Launches New Enterprise Grade Bitcoin Mining Server

The Bitfury Group, a security and infrastructure provider for the Bitcoin Blockchain, today launched its new enterprise grade Bitcoin miner, the Bitfury Tardis, the latest generation of the B8 mining server.

World’s Largest Bitcoin Mining Pool Launches Ethereum and Ethereum Classic Operation

BTC.com, the world’s largest Bitcoin mining pool, has announced it is expanding its offerings to include Ethereum (ETH) and Ethereum Classic (ETC).

Bitcoin Mining Giant Ebang Comes With New E11 And E11+ Devices, Plans for IPO

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 Decline in Bitcoin Prices Mining Hash Rate Keeps Rising

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.

Nuclear Scientists Arrested in Russia for ‘Bitcoin Mining Plot’

Russian security officers have arrested several scientists working at a top-secret Russian nuclear warhead facility for allegedly mining crypto-currencies.

Russian Central Bank Pushes For ‘Professional’ Miners Taxation

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 […]