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Russian Crypto Mining Industry Could Be Set for $4Bn Boost


The Russian crypto mining industry could be set for a $4 billion boost, representatives claimed at a media event in Irkutsk, Siberia. The post Russian Crypto Mining Industry Could Be Set for $4Bn Boost appeared first on Cryptonews

Innovative Heating Solutions: Bitcoin Miners Turning Heat Into Satoshis


In recent years, bitcoin miners have learned to reuse the heat generated by application-specific integrated circuit (ASIC) mining rigs. Recently, a Twitter account named “Rev.Hodl” demonstrated how a bitcoin miner was employed to dry laundry. While the clothes dryer serves to...

Several Crypto Mining Operations Busted in Russia


Authorities and power utilities in various Russian regions have shut down illegal crypto mining farms, seizing hardware and taking operators to court. The action against the coin minting facilities comes amid discussions on a proposal to introduce criminal liability for miners breaking the upcoming...

Russia Cracking Down on Crypto Miners Minting in Residential Areas


Russian authorities are now prosecuting miners extracting cryptocurrency using subsidized electricity for the population, according to a top official from the energy ministry. Power utilities are detecting their increased consumption and trying to make them pay at commercial rates. Amateur Crypto...

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