$3 Million in Stolen Electricity Leads to $14.5 Million in Crypto Mining Earnings

$3 Million in Stolen Electricity Leads to $14.5 Million in Crypto Mining Earnings
фото показано с : blokt.com

2018-12-28 14:29

A Taiwanese Bitcoin miner identified with the last name Yang was recently arrested and charged by authorities for mining 100 million yuan ($14. 5 million) in cryptocurrencies. He used NT$100 million ($3.

2 million) in stolen electricity to power the mining operation. The accused operated 17 illegal crypto mining centers operating as fake storefronts in Taiwan, located in […]

$3 Million in Stolen Electricity Leads to $14. 5 Million in Crypto Mining Earnings was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

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Источник: blokt.com

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London Bitcoin Miner Argo Blockchain Reports 1,000% Revenue Increase to $10 Million

London Stock Exchange-listed bitcoin miner Argo Blockchain Plc said on Wednesday full-year 2019 revenue rocketed 1,000% to £8. 62 million ($10. 78 million) from £760,000 a year earlier. The company stated that the increase was due to a realignment of operations, from consumer-oriented mining as a service (MaaS) business to a proprietary mining model.

2020-4-30 01:00


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Bitcoin Inside: Crypto Mining Farm to Open in Former Intel Facility

California-based 3G Venture II has paid $13 million for a significant portion of an old Intel chip plant in Colorado Springs, which it intends of turn into a new bitcoin mining operation. Mining Farms Opening Around the World Miners have been flocking to cities that offer cheap electricity to reduce costs and increase profits, and it looks like Colorado Springs may join the list.

2018-6-23 07:00


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Proposed Regulations Could Cause Major Shifts in Canadian Crypto Businesses

Canada’s government has released draft regulations for “virtual currencies” with a consultation period of 90 days, saying that proposed regulatory changes could mean a loss of $60 million over 10 years for businesses that deal in cryptocurrencies but will improve Canada’s international reputation and make it easier for crypto businesses to deal overseas.

2018-6-13 20:24


Swiss Alps Energy Takes Crypto Mining to Alpine Heights

Swiss Alps Energy wants to use empty buildings in the Swiss Alps to create cost-effective and eco-friendly mining centres. Bitcoin mining consumes massive amounts of energy. It requires more energy than the Republic of Ireland and produces 20 megatons of CO2 emissions, which is comparable to the impact of one million transatlantic flights, according to The post Swiss Alps Energy Takes Crypto Mining to Alpine Heights appeared first on ItsBlockchain.

2018-6-11 15:39

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