2020-5-12 15:12 |
Chinese province of Sichuan, popular among mining enterprises due to cheap hydropower, hopes to boost sales of electricity to miners ahead of the rainy season.
Similar to Notcoin - Blum - Airdrops In 2024
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The largest oil field in the People’s Republic of China has been a target for individuals and organizations attempting to mine bitcoins with free electricity. After a bunch of mining farm operators allegedly got caught last summer, a dog kennel owner was recently busted for running cable lines in order to siphon free electricity from […] The post Chinese Kennel Owner Caught Stealing Electricity to Power Underground Bitcoin Mining Farm appeared first on Bitcoin News.
2020-4-30 19:39 | |
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The Chinese city of Ya’an plans to encourage local mining operations powered by its hydroelectric electricity generation facilities
2020-4-29 20:43 | |
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Ya’an, a Chinese city that contributes 50 percent of the total hash power to the Bitcoin network, offers cheap electricity to miners right ahead of halving. The mountainous region, while awaiting a rainy season, wants to give away its excess electricity to “support the implementation of blockchain industry development,” according to a public guidance document.
2020-4-28 10:38 | |
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Rising electricity prices in China and pressure from local authorities are forcing Chinese miners to look for new locations to place mining capacities. Many choose nearby countries such as Kazakhstan and Uzbekistan.
2020-3-1 02:25 | |
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As tensions escalated between the U. S. and Iran in recent months, reports have detailed that Chinese bitcoin miners are looking to set up shop in Central Asia and more specifically in Kazakhstan and Uzbekistan.
2020-2-13 23:10 | |
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Just after regional authorities reportedly urged Bitcoin miners to reduce electricity consumption in Sichuan — a province that could account for up to 50 percent of global hash power — BTC’s hash rate rocketed to a new all-time high.
2020-1-3 11:27 | |
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Chinese Bitcoin mining farms feel pressure from local authorities to scale down their mining operations during the dry season
2020-1-1 00:27 | |
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In the last couple of days, Chinese media have reported on police forces in one province of the vast Asian country seizing close to 7,000 mining rigs using stolen electricity and in another province arresting 72 multi-level marketing scheme operators for alleged fraud.
2019-12-25 02:00 | |
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Authorities in China’s autonomous region of Inner Mongolia released a notice requiring local cryptocurrency mining firms to stop their operations, according to ChainNews. Is Inner Mongolia Starting a Trend Among China’s Authorities? China has enjoyed that status of the world’s hub for cryptocurrency mining since it hosts a good share of crypto miners who’re looking for cheap electricity.
2019-9-16 16:00 | |
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Bitcoin miners in China have been arrested after stealing $3 million worth of electricity Miners need large amounts of energy to operate Law enforcement authorities in China have shut down a local mining farm after they registered an increase in the local energy usage.
2019-7-15 17:00 | |
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Besides fat-fingered whales, the other species HODLers should learn to fear are large-scale Bitcoin miners whose electricity cost is zero. The reason? Their break-even point is low enough to depress the fair market value of the Bitcoin price, dashing the asset’s seven-figure ambitions.
2019-7-14 22:30 | |
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China is among the most preferred locations for cryptocurrency miners, owing to cheap electricity, low population, and cold climate provided by cities such as Sichuan. However, mining activity is now slowly falling due to the lack of enthusiasm for the same on the part of Chinese policymakers.
2019-7-11 04:30 | |
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Authorities in China have arrested a man after he reportedly stole electricity from an oil well to mine Bitcoin. The arrest was made after the police received a phone call from Daqing Oilfield, located in Haerken district (Tsitsihar, China) on May 28th.
2019-6-14 15:23 | |
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Chinese Bitcoin Miners Allegedly Stealing Electricity Through Fish Ponds To Power Mining Activity One of the problems with Bitcoin mining is its halving. Bitcoin’s next halving is expected to take place about a year from now in May 2020.
2019-6-13 21:53 | |
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This article was originally published by 8btc and written by Vincent He. Although China has shut down bitcoin trading platforms and deemed them illegal, its attitude toward bitcoin mining is still ambiguous.
2019-5-31 20:14 | |
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This article was originally published by 8btc and written by Lylian Teng. Some Chinese listed companies have jumped on the bandwagon of bitcoin mining following the bitcoin bull run throughout 2017, either under the guise of cloud computing or providing mining hosting services, in an effort to bypass regulations considering the country’s tough stance on bitcoin.
2019-5-29 18:53 | |
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By CCN: Chinese authorities sentenced a 61-year-old grandmother to four months in jail for stealing electricity while mining bitcoin. Qiuping Tang was also fined 10,000 yuan (about $1,500) for electricity theft.
2019-5-28 20:15 | |
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This article was originally published by 8btc and written by Chloe Jiang. The former director of Bitmain’s mining farm, a leading bitcoin mining operation, once said the wet season may not be as much of a boon for miners as many thought.
2019-4-13 19:07 | |
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Over the last six months, reports of Chinese miners crossing the border to obtain cheap electricity from regions like Vietnam, Cambodia, Thailand, and Iran have abounded. According to a recent interview, Chinese miners have found extremely affordable electric prices ($0.
2019-4-11 22:58 | |
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Many Chinese bitcoin miners migrated to Iran in 2018 for its cheap electricity amid China’s crackdown on crypto mining. However, they’re finding the harsh environment in the authoritarian regime unwelcoming.
2019-4-11 14:55 | |
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This article was originally published by 8btc and written by Lylian Teng. Many Chinese cryptominers have migrated to places with cheap electricity and favorable policies as a result of the escalated government crackdown on cryptocurrency and its production process.
2019-4-11 23:38 | |
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Over the last two months, the hashrate between the Bitcoin Cash (BCH) and Bitcoin Core (BTC) networks has increased significantly since hitting a low on December 15, 2018. Numerous reports detail that many Chinese miners who control a large portion of SHA-256 hashrate have been recently setting up shop in Sichuan.
2019-2-14 01:50 | |
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A class-action lawsuit for over $5 million has been filed in northern California against Chinese mining giant Bitmain. The company is being accused of utilizing customers’ newly purchased machines to mine cryptocurrency at full power for its own benefit while customers were configuring their equipment.
2018-11-27 21:38 | |
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It is not uncommon for students to get crafty when they aim to mine cryptocurrencies. Some use the “free” electricity of their dorm to mine Ethereum and other altcoins. In China, one entire school seemingly had a secret Ethereum mining operation going for quite some time.
2018-11-14 04:22 | |
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Having banned the exchanges where cryptocurrencies like Bitcoin are traded, the Chinese government is now cracking down on the plants where such currencies are mined. The Yingjiang Administration Bureau for Industry and Commerce, which enforces enterprises and consumer protection laws, issued a notification to the Bitcoin mining facilities operating in China’s Yunnan province.
2018-11-13 13:00 | |
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Headmaster Lei Hua has been fired from his job at a school in Hunan, China, after a total of nine mining rigs were found stealing his school’s electricity to mine Ethereum, the BBC reported on Friday.
2018-11-12 02:39 | |
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Two principals at a Chinese school have been caught using their employer’s electricity to mine Ethereum, according to local news outlet HK01. The report details how employees at Puman Middle School in Hunan province had been witnessing excessive noise from computers over the last few months – day and night, even during the holidays.
2018-11-8 18:23 | |
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A Chinese bitcoin miner from Shanxi province has been jailed after admitting to the theft of 104,000 yuan ($15,000) worth of electricity from a train network. Cheap Day Return Obviously, stealing that much power would take an awful lot of train travel.
2018-10-11 20:00 | |
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Although the Chinese regulatory bodies have maintained their distance from cryptocurrencies, it has not deterred the people in the country from partaking in the promising crypto mining industry – as a Chinese man was recently sentenced to 3.
2018-10-9 15:00 | |
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Man Steals $15,000 Of Electricity For Bitcoin (BTC) Mining Despite the stringent rules placed on China’s crypto scene, the Bitcoin and altcoin mining business remains as hot as ever. So hot, in fact, that a Chinese man, named Xu Xinghu, thought it would be a good idea to steal electricity from the nation’s train network […] The post Chinese Bitcoin (BTC) Miner Nabs Electricity, Authorities Crack Down appeared first on Ethereum World News.
2018-10-8 23:00 | |
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Chinese Miner Arrested After Stealing Electricity To Mine BTC Everybody wants the profit but not everybody wants to pay their electricity bills, right? Unfortunately, unless you are a certain Chinese man, you cannot get electricity for free and, even in his case, he ended up being arrested. The protagonist of this odd story is Xu […]
2018-10-8 22:10 | |
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Майнера из Китая уличили в краже электричества, стоимостью в $15 000. Суд приговорил его к тюремному заключению на 3,5 года. Chinese guy sentenced to 3. 5 yrs in prison and pay ~$14. 5K in fines for stealing ~$15K worth of electricity to mine 3.
2018-10-8 18:03 | |
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I’ve heard some pretty innovative ways to avoid the electricity bill while mining cryptocurrency, but this is a new one. A Chinese man has been stealing electricity from a local railway network operator in order to power his Bitcoin mining rigs.
2018-10-8 15:45 | |
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Суд в КНР приговорил майнера к тюремному сроку в 3,5 года за кражу электричества, стоимостью в $15 000. Об этом сообщает традиционный поставщик новостей из Китая cnLedger. Chinese guy sentenced to 3.
2018-10-8 13:08 | |
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Cryptocurrency mining has always attracted controversy. This is primarily because so many people only see the negative side in terms of electricity usage. China is slowly ending all ‘unofficial’ domestic Bitcoin mining operations, and the territory of Xinjiang Uyghur is the latest to be affected.
2018-7-27 03:00 | |
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Nonprofit organization PoWx has launched this week with the goal of boosting the idea behind proof of work (PoW) through more innovative algorithms. The company is seeking to decentralize Bitcoin mining and make it more accessible to consumers through a new technology that executives have dubbed “optical PoW” — a new type of hardware that utilizes a more advanced and energy-efficient form of laser technology as the cornerstone of mining.
2018-7-14 01:04 | |
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Overview Southwestern Chinese province, Sichuan has just been struck with heavy storms bringing damaging floods which have wiped out many Bitcoin mining machines. China is known for being a world-wide leader in Bitcoin mining as they have cheap electricity, excess coal, and most of the leading Bitcoin mining pools situated there.
2018-7-2 18:39 | |
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Mining In recent mining news, major mining chip manufacturer Ebang Communications has filed for an Initial Public Offering (IPO) in Hong Kong, a Chinese miner has been arrested for allegedly stealing 150,000 kilowatt-hours (kWh) of electricity in roughly one month, and a report has provided unique insight into the state of mining in the Russian
2018-6-28 13:37 | |
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In recent mining news, major mining chip manufacturer Ebang Communications has filed for an Initial Public Offering (IPO) in Hong Kong, a Chinese miner has been arrested for allegedly stealing 150,000 kilowatt-hours (kWh) of electricity in roughly one month, and a report has provided unique insight into the state of mining in the Russian exclave […] The post Mining Round-Up: Ebang Files for IPO in HK, Miner Arrested in China appeared first on Bitcoin News.
2018-6-28 12:55 | |
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Crypto mining has been grabbing headlines in recent weeks, whether it’s the proposed moratorium in Missouri or the hiked power prices in Quebec. Most recently, a crypto miner who attempted to ‘steal’ power for his mining operations was arrested and his equipment confiscated.
2018-6-27 21:00 | |
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Chinese police, recently, seized over 200 computers used to mine the digital currencies Bitcoin and Ethereum after a miner tried to defraud an electricity company over his power bills. The Xinhua News reported that the man stole 150,000kW hours of electricity in just one month.
2018-6-26 22:32 | |
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A Chinese man has found himself in police custody after attempting to steal electricity to fund his unprofitable Bitcoin mining operation, local media outlet Xinhua reports June 22. The suspect, known only by his surname Ma, allegedly mined Bitcoin and Ethereum on two hundred computers in the country’s Anhui province, all of which have been
2018-6-22 19:06 | |
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A Bitcoin miner who failed to pay a 150 megawatt electricity bill has been arrested by police in China’s Anhui Province
2018-6-22 17:02 | |
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Bitmain — the largest and most established manufacturer of cryptocurrency mining chips — is considering an IPO, or initial public offering. This could potentially open the company’s books to the world and allow the stock market to assign the company real-time value.
2018-6-11 01:34 | |
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Injective experienced a significant surge in Total Value Locked (TVL), reflecting growing confidence in its blockchain. However, this has been overshadowed by persistent retail sell-offs, whichThe post Injective's TVL soars 61%: Is it enough to offset retail sell-offs? appeared first on AMBCrypto.
Сообщение Gary Gensler Resigns as SEC Chair: A Pivotal Moment for the Crypto Industry появились сначала на Coinstelegram.
SEC Chair to step down the same day Trump takes office Under Gensler, "18 percent of the SEC’s tips, complaints, and referrals were crypto-related" The infamous Chairman of US Securities aThe post Breaking: SEC Chair Gary Gensler to step down from position early next year appeared first on AMBCrypto.
Bitcoin Cash has surged by 15.38% to hit a 7-month over the last 24 hours. Market indicators suggested that BCH was on the verge to make a bullish crossover, signaling further uptrend. Over The post Bitcoin Cash surges 15% in 24 hours, hits 7-month high: Is $620 next? appeared first on AMBCrypto.
Ethereum's netflow neutrality hinted at accumulation, with potential volatility ahead. Active addresses and Open Interest surged, signaling growing retail interest. Ethereum [ETH], trading aThe post Ethereum accumulation falls: What does this mean for ETH? appeared first on AMBCrypto.
BABB crypto had a strongly bullish structure at press time. The range breakout has been successful, and the long-term downtrend was broken. Babb [BAX] is a $7 million market cap token that hThe post BABB crypto gains 32% in 24 hours: Is another 43% rally coming? appeared first on AMBCrypto.
Large transaction volumes for Maker rose by over 1,400% in just two days Despite rising whale activity, technical indicators and on-chain metrics flashed mixed signals for MKR Maker (MKRThe post Maker whale activity surges by 1400% - Time for MKR's price to break out? appeared first on AMBCrypto.