Mining Hardware Thief Gets 3-Year Sentence in Russia
Russian authorities have investigated a number of cases involving the theft of crypto mining equipment in the past months. A resident of Yaroslavl has just been found guilty of stealing…
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Russian man gets three-year sentence for stealing a friend’s mining rig
The 34-year old convict was reportedly not able to make use of the stolen mining equipment due to a “lack of relevant knowledge.”
Lukashenko Urges Belarusians to Mine Cryptocurrency Rather Than Pick Strawberries Abroad
President Alexander Lukashenko has advised workers to stay in their home country instead of emigrating to fill low-paid farming jobs in Poland and Germany. The Belarusian leader pointed to an…
Singapore Myanmar Investco Purchases 800 Mining Rigs, Firm Plans to Offer Mining Services
On August 24, the investment and management company, Singapore Myanmar Investco Limited (SMI), revealed the company is entering the bitcoin mining industry as it has ordered 800 mining rigs to…
Amid Taliban takeover, aspiring crypto miner flees Afghanistan
The Afghan refugee believed the Taliban would restrict access to smartphones and the internet, making crypto mining impossible.
KuCoin encourages greener crypto mining with proof-of-work pool
According to CEO Johnny Lyu, people using renewable energy sources for mining will receive discounts on fees.
Bitcoin hashrate triples since June 28 in recovery from China syndrome
Hashrate has now recovered to early June levels indicating that miners are coming back online after China’s crackdown.
Riot Blockchain reports 1,540% increase in quarterly revenue from Bitcoin mining
Riot Blockchain netted $19.3 million in income for Q2 following its acquisition of Texas mining facility, Whinstone.
Iran: Legal Bitcoin Mining Can Resume from the End of September
Tavanir – Iran’s Power Generation, Distribution, and Transmission Company – revealed that the ban on cryptocurrency mining would be lifted as early as September 22nd. The country’s authorities would allow…
Crypto mining needs to be redefined before simply casting it away
To ensure a sustainable future for blockchain and crypto, we need to reimagine the mining process and restructure PoW systems.