mining News and Articles


Kazakhstan taxation mining

Kazakhstan developed a bill on taxation of mining and crypto

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A bill defining the legal status of mining and the features of its taxation has been sent to the presidential administration of Kazakhstan for consideration. This was announced during the Blockchain Day conference by Madi Saken, senior legislative coordinator for the Association for the development...

Microsoft found a crypto miner that attacked 80000 computers

Microsoft found a crypto miner that attacked 80000 computers

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Microsoft security engineers talked about a new kind of crypto-miner Dexphot, which since October 2018 has infected almost 80,000 computers running Windows. The malware reached its peak in June 2019. Microsoft experts emphasized the rather high level of complexity of the new crypto-jacking program....

miner burned Russia

Miner burned eight apartments in Russia

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The investigation was completed on the case of a miner from the city of Artyom in the Primorsky Territory, due to which in 2018 a fire broke out in an apartment building. This is reported by RT. The man installed a cryptocurrency mining farm in the attic of a multi-story building, connecting at...

Canaan Inc. IPO

Canaan Inc. raised $90 million in the US IPO

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BTC mining engines building corporation Canaan gathered $90 million after rating its US IPO at the ground of its marketed range. The Hangzhou exchanged American depositary shares for $9 apiece and gathered $10 million on Wednesday. As to records of the US SEC, the shares had been traded for $9-11....

Iran illegal mining

Iran will pay for exposing illegal mining

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Iranian authorities announced their readiness to pay for information on illegal activities in the extraction of cryptocurrencies, and also spoke about new rules for calculating electricity prices for miners. It is reported by Press TV. The fee for identifying miners using subsidized electricity...

Microsoft Ignite conference

Microsoft presents enterprise token mining platform

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Marley Gray, a chief engineer at ‌Microsoft, says that the corporation aims to make the construction of crypto tokens in the cloud as simple as using a printer. Gray mentioned this after the announcement of the Azure Blockchain Tokens platform on Monday. Gray is sure that just like printers were...

Chinese official supported development of the Bitcoin mining

Chinese official supported development of the Bitcoin mining

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The Chinese province of Sichuan, which produces 70% of all bitcoins in the world, has all the opportunities for an even wider attraction of miners. This was reported by CoinDesk with reference to a statement by the former vice president of the China Securities Regulatory Commission, Yang Jiang. In...

Ukraine: propose to legalize mining and create crypto valley

Ukraine: propose to legalize mining and create crypto valley

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On Monday, October 7, a meeting was held on the regulation of the crypto and blockchain industry in Ukraine. Representatives of the Ministry of Digital Transformation, the Verkhovna Rada, the Office of Effective Regulation (BRDO), as well as relevant associations and businesses participated in it....

Armenia crypto mining

A case on theft of $1 million from sale of miners in Armenia

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Armenian law enforcement authorities suspect a 22-year-old citizen of stealing $1,046,000 from the sale of equipment for cryptocurrency mining. In October last year, the suspect met with a potential buyer and offered him to purchase the Z9 mini ASIC miner, the News-Armenia news agency reported...

Russia scientist mining

Russian scientists accused in the mining on a supercomputer

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In the Nizhny Novgorod Region, a criminal investigation has been completed against employees of the Sarov Nuclear Center, who used a supercomputer to mine cryptocurrency. The case has been submitted to court, reports RT with reference to the press service of the Sarov City Court. Scientists...

mining ban China

Mining will be limited in one of China's autonomous regions

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The authorities of Inner Mongolia decided to limit crypto mining in the territory of this autonomous region of the PRC. This was reported by the managing partner of Primitive Ventures Dovey Wan, citing local media. JUST IN h/t @ChainNewscom Regulatory bodies from Inner Mongolia will dedicate...

Bitcoin mining revenue reached the top of $14 billion

Bitcoin mining revenue reached the top of $14 billion

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Bitcoin mining profits approach its all-time high - $14 billion, according to information provided by Coin Metrics. Even when the BTC mining hash speed has been rising and this was making mining less valuable, miners of the leading coin are still receiving more than ever. It lasted eight years...

Bitmain mining chip

Bitmain increases hash rate, purchasing 600.000 mining chips

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The Chinese giant Bitmain allegedly placed an application for the purchase of 600,000 mining chips, which in the future could bring the company an additional $1.2 billion in profit. This was reported by the Block. The information came from a source close to TSMC, Taiwan's largest semiconductor...

China mining farm

A severe flood destroyed a large mining farm in China

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In the Chinese province of Sichuan as a result of heavy rains began floods and landslides, as a result of which a large mining farm was destroyed. A video of the incident has already been posted online. A local mining farm based in Sichuan, China was DEVASTATED by the recent heavy rainfall in the...

mining in Ukraine

Mining on judicial administration's servers of Ukraine

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The deputy of the Verkhovna Rada of the IX convocation from the party "Servant of the People" Alexander Dubinsky intends to ensure the resumption of the criminal case on the fact of mining on the servers of the judicial administration of Ukraine. The politician wrote about this on his...

Bitmain expects positive results despite $625 million losses

Bitmain expects positive results despite $625 million losses

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The leading manufacturer of Bitcoin mining equipment Bitmain suffered losses in January-February of 2019 totaling $625.000.000. Nevertheless, the company expects that high demand for new 7-nm devices will allow it to end the year with positive results, writes Cryptoglobe with reference to local...

Mining officially allowed in Iran

Iran: crypto mining is recognized as an industrial activity

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During the meeting of the Iranian Cabinet of Ministers, which was held on Sunday under the chairmanship of President Hassan Rouhani, mining cryptocurrency was recognized as an industrial activity, the local news agency Mehr News reported. According to a government decree, miners will have to...

Bitmain for ICO

Mining giant Bitmain may apply for an IPO in the US

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One of the world's largest producers of mining equipment, Bitmain, is preparing to submit another application for an IPO, but this time in the US, not Hong Kong, Bloomberg reports, citing well-informed sources. Thus, the company, the investment valuation of which in 2018, according to various...

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