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News and Events in the Mining Industry

Chinese graphics card market declines amid Ethereum Merge
The Ethereum transition to the Proof-of-Stake (PoS) algorithm provoked a drop in prices for graphics processors (GPUs) in China – their sales reached the lowest level in history. Low demand from Chinese miners who previously bought expensive graphics cards, such as Nvidia GeForce RTX 3080, ...
September 15 is the last day of mining on video cards
On September 15, 2022, the Ethereum network switched to the Proof-of-Stake consensus algorithm, and it is no longer possible to mine Ether cryptocurrency. The end of the era of mining on video cards has come. In 2009, the first mining pool was launched, enthusiasts actively mined Bitcoin using ...
Iranian Businesses Get the Green Light to Use Cryptocurrencies to Pay for Imports
According to local media reports, Iranian Trade Minister Reza Fatemi Amin confirmed that detailed rules had been approved to govern the use of cryptocurrencies for trading, and supplying fuel and electricity to Bitcoin and altcoin miners in the country. Amin spoke about the changes in legislation ...
In the Altai hospital, an employee created a crypto farm and illegally mined Bitcoin for a year
A 30-year-old resident of Gorno-Altaysk, who works as a chief information security specialist at a local hospital, set up a mining farm in the room where the COVID-19 hospital was previously located. "It was previously established that in February last year, experiencing financial difficulties, ...
The largest mining pool Monero announced the termination on August 12
MINEXMR did not indicate any specific reason for its decision to close the largest mining pool Monero. The announcement states that all miners using the pool must reconfigure their mining installations to another pool, namely p2pool, by August 12. And also that unpaid rewards will be sent ...
Sweden prefers steel over mining
The Swedish Ministry of Energy is busy redistributing electricity from cryptocurrency mining enterprises to other projects that create jobs Sweden was faced with a choice: to provide electricity to enterprises that create jobs, such as steel plants, or to allocate more capacity to mining companies. ...
Someone robbed mining farm in the Moscow region
On July 16, unknown persons robbed a mining farm located in the warehouse territory of the Vkusvill supermarket chain in the village of Kuchino near Moscow. According to the guard, armed criminals entered the premises through the fence and handcuffed the farm guards. The attackers managed to take ...
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