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Iran court orders the release of seized crypto mining equipment
4.1.2023
Judicial rulings require Iranian authorities to release a part of the 150,000 crypto mining equipment previously seized due to energy concerns
Core Scientific to Shut Down Celsius Crypto Mining Equipment
4.1.2023
The two firms have been engaged in litigation over a 2020 hosting contract, which Core Scientific says is losing it $2 million per month
Iran Returns Seized Crypto Mining Equipment to Miners
3.1.2023
A government body responsible for state property in Iran has released some of the hardware seized from illegal crypto mining farms. Its top executive explained the agency was obliged to do that by courts in the Islamic Republic, where unlicensed miners have been blamed for power shortages....
Demand for Cryptocurrency Miners Rises in Russia Amid Low Prices of Hardware
4.12.2022
Russia’s market for specialized crypto mining equipment has been seeing high demand over the past couple of months, with buyers attracted by the low price tags. Russian experts also predict an increase in the supply of used coin minting hardware as large foreign companies leave the industry....
Report: BTC Mining Investment Platform Declared Pyramid Scheme by South African Consumer Watchdog
23.10.2022
According to the National Consumer Commission, about 4,000 South Africans who invested in a bitcoin mining equipment supplier, Obelisk, may have participated in a pyramid scheme. The commission said participants in the pyramid scheme may have lost as much as over $6 million. Obelisk Used Social...
Russian Arrested for Defrauding Buyers of Mining Hardware Worth Over $300,000
5.9.2022
Police in the southern Russian city of Astrakhan have detained a man accused of defrauding people who wanted to purchase crypto miners. Law enforcement officials say the suspect made millions of rubles through fictitious sales of mining devices to Russian citizens and foreigners. Investigators...
Russian Caught Mining Crypto in Covid-19 Clinic
22.8.2022
An IT specialist working for a medical institution in Russia’s Altai Republic has been detained for illegally mining cryptocurrency at the premises of a Covid-19 hospital. The man minted digital currencies using stolen electricity for almost a year before law enforcement busted his crypto...
Masked Men Rob Large Crypto Mining Farm Near Moscow
21.7.2022
Armed robbers have plundered a large crypto mining facility not far from the Russian capital, local media reported. The unidentified perpetrators stole dozens of video cards in the latest incident involving theft of coin minting hardware, which has been on the rise in Russia. Unknown Attackers...
Argentina's Customs Office Seizes $21M in Crypto Mining Equipment
28.6.2022
The case involves 2,233 Whatsminer machines that were improperly imported, according to the government
Kazakhstan ramps up power consumption reporting requirements for crypto miners
5.5.2022
Cryptocurrency mining companies will be required to submit comprehensive information about their operations as the country tries to reign in electricity consumption
Report: Compass to Sell $30 Million in Crypto Mining Equipment Located in Russia
24.4.2022
The U.S.-based company Compass Mining plans to sell $30 million worth of bitcoin mining equipment that’s currently located in Siberia. The decision to sell the mining rigs follows the U.S. government sanctioning the bitcoin mining operation Bitriver and ten subsidiaries. Compass is hoping...
Ethereum Dev Says The Merge Could Be Delayed a Few Months, ‘Strongly Suggests’ Not Investing in ETH Mining Rigs
13.4.2022
According to Ethereum developer Tim Beiko, The Merge is likely to be pushed to the third quarter of 2022. Despite the delay, Beiko also said he “strongly suggests not investing more in mining equipment at this point.” The Merge May be Delayed, Ethereum Hashrate Taps New ATH Four days...
Miners Have Moved 30% of Their Equipment Out of Kazakhstan, Industry Organization Claims
24.2.2022
Authorized crypto mining businesses have already taken a third of their coin minting hardware out of Kazakhstan, according to the country’s mining association. The news comes amid electricity shortages and upcoming tax hikes that are turning miners away from the Central Asian nation. Bitcoin...
Electricity Consumption Spikes in Irkutsk as More Russians Start Mining Cryptocurrency
7.2.2022
Electricity suppliers in the Russian region of Irkutsk have registered a surge in power consumption in residential areas which they are blaming on cryptocurrency mining. Planes with mining equipment from restricted China continue to land in the region, and cases of hardware theft have also...
Demand for Mining Equipment Drops in Russia Amid Fears of Possible Ban, Report
4.2.2022
Platforms listing ads for mining hardware have been registering declining demand since Bank of Russia’s call for a ban on the minting of digital currencies among other crypto activities. While mining may eventually be legalized, miners can expect to pay higher electricity bills. Supply...
Canaan Expands Mining Operations in Kazakhstan Amid Power Deficit, Protests
6.1.2022
Hardware manufacturer Canaan is expanding its crypto mining operations in Kazakhstan. The company is now cooperating with a number of mining firms there and has already deployed over 10,000 pieces of hardware despite the country’s challenges with electricity supply. Increased energy prices...
Demand for Mining Hardware Spikes in Russia, Prices Rise
19.12.2021
The market for crypto mining equipment in Russia has seen strong interest from buyers of both new and used devices, retail data indicates. This year, demand for application-specific integrated circuit (ASIC) machines has multiplied exponentially while video cards have been in short supply leading...
Russia Gets Bulk of Chinese Mining Machines Amid Miners’ Exodus, Report Reveals
25.11.2021
China’s crackdown on its crypto mining sector, launched earlier this year, caused a massive migration of mining enterprises to friendlier jurisdictions. Miners have been moving enormous amount of coin minting hardware to new bases around the world, with Russia reportedly taking the largest...
Bitmain Will Not Ship Crypto Mining Equipment to China
11.10.2021
Mining hardware manufacturer Bitmain will no longer ship its products to mainland China. The move is in response to local regulations, the company explained. The announcement follows a prolonged crackdown on crypto mining operations in the country and a recently reiterated wide ban on activities...
Abkhazia Extends Internet Restrictions for Cryptocurrency Miners
9.10.2021
The government in Abkhazia has extended an order prohibiting access to internet sites used by cryptocurrency miners. The measure is part of a wider ban on activities related to the extraction of digital coins that also limits the use of electricity and imports of mining equipment in the breakaway...