Compass Mining Alerts Bitcoin Miners of Changes in Bitmain’s ASIC Design

March 8, 2023 Bitcoin.com

Compass Mining, a bitcoin mining firm, published a blog post stating that Bitmain, the company behind the application-specific integrated circuit (ASIC) mining rig, has made changes to its design. The post advised miners to be aware of the changes as Compass Mining identified “three issues” with two different Antminer S19 series mining devices. Bitcoin Miner […]

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Iran Returns Seized Crypto Mining Equipment to Miners

January 3, 2023 Bitcoin.com

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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. Authorities in Iran Give Confiscated Mining Rigs Back […]

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Demand for Cryptocurrency Miners Rises in Russia Amid Low Prices of Hardware

December 4, 2022 Bitcoin.com

ASIC

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. Russian Demand for Powerful ASIC Miners Skyrockets in […]

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Russian Arrested for Defrauding Buyers of Mining Hardware Worth Over $300,000

September 5, 2022 Bitcoin.com

Arrest

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 Claim Russian Made Money Selling Nonexistent Crypto Mining Rigs A resident […]

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Russian Caught Mining Crypto in Covid-19 Clinic

August 22, 2022 Bitcoin.com

Arrest

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 farm. Altai Resident Apprehended for Running Underground Crypto Mining Operation An […]

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Masked Men Rob Large Crypto Mining Farm Near Moscow

July 21, 2022 Bitcoin.com

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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 Steal Mining Equipment From Crypto Farm in Russia A […]

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Hardware Worth $1.9 Million Stolen in Russia’s Crypto Mining Capital

June 25, 2022 Bitcoin.com

Hardware Worth .9 Million Stolen in Russia’s Crypto Mining Capital

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Russian law enforcement is looking into the alleged theft of mining hardware valued at around $1.9 million. The powerful computing equipment disappeared from a crypto mining hotel in Irkutsk, the owners of which have been accused of large scale fraud. 100 Russians Lose Mining Machines Worth 100 Million Rubles Police in the Russian Irkutsk Oblast […]

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Despite Criminalizing Mining, Abkhazia Uncovers Another Crypto Farm

May 19, 2022 Bitcoin.com

$POWER

Even after introducing fines and criminal liability for cryptocurrency mining, Abkhazia continues to find underground facilities for digital currency extraction. This week, law enforcement officials have confiscated dozens of mining devices from an illegal crypto farm. Abkhazia Shuts Down Crypto Farm, Seizes Mining Hardware Police in Abkhazia have closed down another crypto mining installation in […]

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Malaysia Detains Over 600 People for Stealing Electricity to Mine Cryptocurrency

March 30, 2022 Bitcoin.com

$POWER

In the past two years, law enforcement authorities in Malaysia have arrested hundreds of individuals for theft of electricity allegedly used to mint digital currencies. The country’s police force has also confiscated equipment worth millions of dollars. Malaysia Police Announce Results From Crackdown on Illegal Mining Since 2020, Malaysian authorities have detained a total of […]

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Kosovo Seizes Hundreds of Crypto Mining Machines in Crackdown

January 9, 2022 Bitcoin.com

$POWER

Police in Kosovo seized another batch of over 200 mining devices as part of raids that started on Thursday. The offensive against underground crypto farms was launched after authorities in Pristina banned the power-hungry minting of digital currencies amid an energy crisis in the country. Authorities in Kosovo Confiscate Mining Hardware in Serb Majority North […]

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