mining News and Articles


Ukraine mining judicial administration

Ukrainian faces up 6 years in prison for mining at workplace

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Kyiv law enforcers completed a pre-trial investigation into the illegal use of official equipment of the judicial administration for the extraction of cryptocurrencies. This was reported by the prosecutor's office in Kyiv. An official holding one of the leading posts in the Informational Judicial...

SBI Crypto mining farm

SBI Crypto will mine bitcoins at Texas largest farm

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A subsidiary of the Japanese financial giant SBI Holdings has announced a strategic partnership with the German mining company Northern Data AG. Within its framework, SBI Crypto will be one of the first residents of the new Whinstone US data center, potentially the largest in the world. In the...

Belarus mining crypto

A man was mining in basement of children educational center

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Law enforcement authorities opened a criminal case against a resident of Minsk, who illegally installed a mining farm in the basement of one of the children's educational institutions. This was reported by the agency Minsk-News. The father-in-law, working in the institution as a worker, helped the...

Ethereum mining 2019

Ethereum miners “dug up” $936 million in 2019: 75% less 2018

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According to The Block researchers, last year Ethereum miners mined $936 million worth of cryptocurrency. The decline compared to the previous period was about 75%. Largely due to the advent of ASIC devices, the air hash rate reached a historic maximum in August 2018 at around 292 TH/s. After that,...

Ukraine hidden mining

Student faces 5 years in prison for hidden mining

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Ukrainian cyber police detained a 20-year-old student from Odesa on suspicion of hidden crypto mining. This was reported on the official website of the department. “Having received a technical education, the young man used the acquired knowledge to commit illegal actions. As a member of hacker...

Miners accused of flooding an apartment building in Russia

Miners accused of flooding an apartment building in Russia

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In parallel, several apartments of the house in Krasnoyarsk were flooded with water. The affected residents are sure that all because of the mining farm located in one of the apartments. This was reported by Channel 7. As one of the tenants, whose apartment was flooded, assures, the incident...

China confiscated miners

7,000 bitcoin miners confiscated during police raid in China

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Tangshan City District authorities seized 6,890 ASIC miners illegally connected to the electricity grid. It is reported by Trustnodes with reference to local media. Police raids took place in more than 70 thousand households, as well as in factories, retail outlets, and communities. In one of the...

Bitmain court China

The court decided to freeze Bitmain assets by $676 thousand

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Shenzhen District Court decided to freeze 4.7 million yuan (about $676 thousand) owned by Century Cloud Core one of the divisions of the Chinese mining giant Bitmain. The court upheld the request by the supplier of spare parts for various electronic devices Dongguan Yongjiang Electronics to freeze...

Canaan mining stock

Shares of mining giant Canaan have fallen by almost 40%

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Since listing on Nasdaq last month, Canaan, a Chinese mining company, has dipped by nearly 40%. In November, Canaan Creative raised $90 million during an IPO, posting 10 million US depositary receipts for $9. Оn December 13, the securities of a mining company are trading at around $5.71. In a...

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...

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