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比特币挖矿
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🏠 Fire breaks out in a residential area in Malaysia, illegal Bitcoin mining exposed! Last Tuesday, an explosion occurred in a house located on Bandar Puncak Alam in Kuala Lumpur, the capital of Malaysia, followed by thick smoke. Local police and firefighters rushed to the scene and discovered illegal Bitcoin mining activities inside the house. Investigations revealed that the electrical system of the house had been illegally modified to connect to the national power grid, causing a short circuit that led to the fire. The police, in collaboration with the national energy company (TNB), uncovered nine Bitcoin mining machines, nine blowers, and a D-link router at the site. This incident further highlights the serious issue of illegal cryptocurrency mining in Malaysia. Although mining itself is not illegal in Malaysia, stealing electricity is a serious offense, with penalties of up to 100,000 ringgit (approximately $22,500) or five years in prison. From 2018 to 2023, Malaysia has lost approximately $723 million due to these illegal mining activities. In a crackdown operation in October 2022, authorities seized and destroyed over 2,000 uncertified mining devices worth $467,000. Last August, Malaysian authorities also arrested seven individuals suspected of stealing electricity to mine Bitcoin. Among them, three were locals and four were foreigners, and they had no prior criminal records. Police also confiscated 52 mining devices and some electronics, with a total value of about $57,000. The Malaysian government is taking this issue seriously; last year, they used a road roller to destroy 985 mining devices that had been confiscated during previous law enforcement operations, with a total value of approximately 1,980,000 ringgit (about $450,000). This incident also reminds us that while cryptocurrency mining may sound high-tech, it can hide many safety hazards! The situation in Malaysia may just be the tip of the iceberg; we will continue to monitor its developments. 💬 What are your views and suggestions on the safety issues related to cryptocurrency mining? See you in the comments! #马来西亚 #比特币挖矿 #非法挖矿 #电力危机
🏠 Fire breaks out in a residential area in Malaysia, illegal Bitcoin mining exposed!

Last Tuesday, an explosion occurred in a house located on Bandar Puncak Alam in Kuala Lumpur, the capital of Malaysia, followed by thick smoke. Local police and firefighters rushed to the scene and discovered illegal Bitcoin mining activities inside the house.

Investigations revealed that the electrical system of the house had been illegally modified to connect to the national power grid, causing a short circuit that led to the fire. The police, in collaboration with the national energy company (TNB), uncovered nine Bitcoin mining machines, nine blowers, and a D-link router at the site. This incident further highlights the serious issue of illegal cryptocurrency mining in Malaysia.

Although mining itself is not illegal in Malaysia, stealing electricity is a serious offense, with penalties of up to 100,000 ringgit (approximately $22,500) or five years in prison.

From 2018 to 2023, Malaysia has lost approximately $723 million due to these illegal mining activities.

In a crackdown operation in October 2022, authorities seized and destroyed over 2,000 uncertified mining devices worth $467,000.

Last August, Malaysian authorities also arrested seven individuals suspected of stealing electricity to mine Bitcoin. Among them, three were locals and four were foreigners, and they had no prior criminal records. Police also confiscated 52 mining devices and some electronics, with a total value of about $57,000.

The Malaysian government is taking this issue seriously; last year, they used a road roller to destroy 985 mining devices that had been confiscated during previous law enforcement operations, with a total value of approximately 1,980,000 ringgit (about $450,000).

This incident also reminds us that while cryptocurrency mining may sound high-tech, it can hide many safety hazards! The situation in Malaysia may just be the tip of the iceberg; we will continue to monitor its developments.

💬 What are your views and suggestions on the safety issues related to cryptocurrency mining? See you in the comments!

#马来西亚 #比特币挖矿 #非法挖矿 #电力危机
Nisha Staats d4Hl:
资源杀手
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🚨The United States has taken a tough approach to Bitcoin mining hardware, and miners are panicking! Recently, the United States has sharply increased its supervision of Bitcoin mining hardware, which has set off a storm in the cryptocurrency field. A large number of foreign ASIC devices have been detained at customs one after another, making the future of American Bitcoin miners full of uncertainty. At present, US regulators are increasingly scrutinizing mining hardware. From the recent border port seizures, it can be seen that law enforcement efforts may continue to escalate in the future, which will undoubtedly bring a huge impact on major manufacturers and miners. At the request of the Federal Communications Commission (FCC), the U.S. Customs and Border Protection (CBP) has now comprehensively increased the seizure of Bitcoin mining ASICs at ports of entry across the country. According to Blockspace news and CBP documents disclosed by people familiar with the matter, MicroBT and Canaan's mining equipment have not been spared and have been detained. As the enforcement action escalates, CBP has further expanded the scope of last year's seizure of Antminer S21 and T21 miners because they use the currently restricted Sophgo AI chip. The U.S. Customs and Border Protection said in a letter that the miners "have been seized and confiscated" under 19 USC 1595a(c)(2)(A). These include restrictions on unauthorized communications equipment, radio frequency devices that cause interference, and hardware that is not approved or compliant with the FCC. As the scope of the seizure expands, Taras Kulyk, co-founder and CEO of Synteq Digital, said that almost all Asian ASIC manufacturers have encountered customs clearance problems. A source confirmed that hardware from multiple customers was seized at the new port outside Detroit and San Francisco, and another company is currently seeking a legal partner to fight the seizure. Analysis points out that the U.S. crackdown on Bitcoin mining hardware may be in line with the Trump administration's policy of promoting the localization of silicon-based industries, aimed at supporting domestic miners to mine the remaining 1.042 million bitcoins. The US strictly controls the entry of foreign Bitcoin mining hardware, which also makes the survival prospects of domestic miners worrying! 💬To sum up, this incident has a great impact on the US Bitcoin mining industry. What do you think of the US seizing non-domestic ASIC equipment?See you in the comments section! #比特币挖矿 #美国政策 #ASIC #美国监管
🚨The United States has taken a tough approach to Bitcoin mining hardware, and miners are panicking!

Recently, the United States has sharply increased its supervision of Bitcoin mining hardware, which has set off a storm in the cryptocurrency field. A large number of foreign ASIC devices have been detained at customs one after another, making the future of American Bitcoin miners full of uncertainty.

At present, US regulators are increasingly scrutinizing mining hardware. From the recent border port seizures, it can be seen that law enforcement efforts may continue to escalate in the future, which will undoubtedly bring a huge impact on major manufacturers and miners.

At the request of the Federal Communications Commission (FCC), the U.S. Customs and Border Protection (CBP) has now comprehensively increased the seizure of Bitcoin mining ASICs at ports of entry across the country. According to Blockspace news and CBP documents disclosed by people familiar with the matter, MicroBT and Canaan's mining equipment have not been spared and have been detained.

As the enforcement action escalates, CBP has further expanded the scope of last year's seizure of Antminer S21 and T21 miners because they use the currently restricted Sophgo AI chip.

The U.S. Customs and Border Protection said in a letter that the miners "have been seized and confiscated" under 19 USC 1595a(c)(2)(A). These include restrictions on unauthorized communications equipment, radio frequency devices that cause interference, and hardware that is not approved or compliant with the FCC.

As the scope of the seizure expands, Taras Kulyk, co-founder and CEO of Synteq Digital, said that almost all Asian ASIC manufacturers have encountered customs clearance problems. A source confirmed that hardware from multiple customers was seized at the new port outside Detroit and San Francisco, and another company is currently seeking a legal partner to fight the seizure.

Analysis points out that the U.S. crackdown on Bitcoin mining hardware may be in line with the Trump administration's policy of promoting the localization of silicon-based industries, aimed at supporting domestic miners to mine the remaining 1.042 million bitcoins. The US strictly controls the entry of foreign Bitcoin mining hardware, which also makes the survival prospects of domestic miners worrying!

💬To sum up, this incident has a great impact on the US Bitcoin mining industry. What do you think of the US seizing non-domestic ASIC equipment?See you in the comments section!

#比特币挖矿 #美国政策 #ASIC #美国监管
币海深蓝:
资本掠夺的方式多种多样,这只是其中一种而已🤫
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Biden administration halts infamous Bitcoin mining investigation amid legal backlashThe U.S. Energy Information Administration (EIA) has agreed to destroy data collected so far to end a lawsuit filed by several industry players, including Riot Platforms and the Texas Blockchain Commission. The U.S. Energy Information Administration (EIA) has agreed to halt an emergency investigation into Bitcoin miners as part of a deal to end a lawsuit filed by several industry players, including the Texas Blockchain Commission. According to a March 1 court filing, the EIA must destroy any investigative information it has received as well as information it has not yet received. It must also quarantine or keep the data confidential before it is destroyed.

Biden administration halts infamous Bitcoin mining investigation amid legal backlash

The U.S. Energy Information Administration (EIA) has agreed to destroy data collected so far to end a lawsuit filed by several industry players, including Riot Platforms and the Texas Blockchain Commission.

The U.S. Energy Information Administration (EIA) has agreed to halt an emergency investigation into Bitcoin miners as part of a deal to end a lawsuit filed by several industry players, including the Texas Blockchain Commission.
According to a March 1 court filing, the EIA must destroy any investigative information it has received as well as information it has not yet received. It must also quarantine or keep the data confidential before it is destroyed.
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Report: Riot platform Bitcoin mining output surges 19% in 2023Bitcoin mining company Riot Platforms reports that Bitcoin production will grow by 19% in 2023, with a total of 6,626 Bitcoins mined. After taking into account the electricity credits allocated to self-mining, the cost of mining Bitcoin in 2023 will average $7,539 per Bitcoin. That’s down 33% from the 2022 average of $11,225. Riot platform revenue surges Riot Platforms CEO Jason Les unveiled the company’s stellar results for 2023, highlighting it as another major milestone in the company’s journey as a vertically integrated Bitcoin ( BTC ) miner.

Report: Riot platform Bitcoin mining output surges 19% in 2023

Bitcoin mining company Riot Platforms reports that Bitcoin production will grow by 19% in 2023, with a total of 6,626 Bitcoins mined.

After taking into account the electricity credits allocated to self-mining, the cost of mining Bitcoin in 2023 will average $7,539 per Bitcoin. That’s down 33% from the 2022 average of $11,225.
Riot platform revenue surges
Riot Platforms CEO Jason Les unveiled the company’s stellar results for 2023, highlighting it as another major milestone in the company’s journey as a vertically integrated Bitcoin ( BTC ) miner.
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🌟 Why do American Bitcoin miners have inherent unique advantages? 🌐 In the global Bitcoin mining landscape, American miners seem to have mastered some special advantages that miners in other countries do not have. This makes us curious, what exactly makes American miners occupy an advantageous position in this global mining competition? Let's take a look at it next! 🏦 Strong financial background and convenient financing advantages: 💼 First, American Bitcoin miners have a strong financial background foundation, which makes it easier for them to obtain more investment resources. For example, they may use financial reports to attract the public to raise more free funds to achieve the necessary capital turnover. 🔄 Secondly, companies listed in the United States can gain additional competitive advantages. For example, for listed companies like Marathon Digital or Riot Platform, they can even obtain more funds by issuing additional shares to stabilize their capital flow to support their mining business in a healthier direction. 📈We know that the mining market itself is very volatile, especially Bitcoin mining. Miners not only have to face huge operating costs, but also have to deal with the risk of halving their income due to events such as Bitcoin halving, which puts them under tremendous financial pressure. 💰 Advantages of convenient financing: However, Bitcoin miners in the United States can borrow funds more easily through financing to help their business run smoothly. 🇺🇸 Strict taxation but strong capital liquidity: Although the United States is stricter in taxation and has a higher tax rate, the advantage is that they can more easily obtain capital liquidity through the US capital market. 🚀 Comprehensive comments, the author of the article believes that despite the heavy tax burden, the capital liquidity advantages obtained by US miners through the capital market far exceed those of Bitcoin miners outside the United States. 💬 Do you agree with the author's point of view? Do you think these advantages of US miners are enough to offset the burden of high taxes? In the global mining competition, how will these advantages affect the development of the entire crypto industry?Share your thoughts in the comments! #比特币挖矿 #美国矿工 #资本市场优势
🌟 Why do American Bitcoin miners have inherent unique advantages?

🌐 In the global Bitcoin mining landscape, American miners seem to have mastered some special advantages that miners in other countries do not have. This makes us curious, what exactly makes American miners occupy an advantageous position in this global mining competition? Let's take a look at it next!

🏦 Strong financial background and convenient financing advantages:

💼 First, American Bitcoin miners have a strong financial background foundation, which makes it easier for them to obtain more investment resources. For example, they may use financial reports to attract the public to raise more free funds to achieve the necessary capital turnover.

🔄 Secondly, companies listed in the United States can gain additional competitive advantages. For example, for listed companies like Marathon Digital or Riot Platform, they can even obtain more funds by issuing additional shares to stabilize their capital flow to support their mining business in a healthier direction.

📈We know that the mining market itself is very volatile, especially Bitcoin mining. Miners not only have to face huge operating costs, but also have to deal with the risk of halving their income due to events such as Bitcoin halving, which puts them under tremendous financial pressure.

💰 Advantages of convenient financing: However, Bitcoin miners in the United States can borrow funds more easily through financing to help their business run smoothly.

🇺🇸 Strict taxation but strong capital liquidity: Although the United States is stricter in taxation and has a higher tax rate, the advantage is that they can more easily obtain capital liquidity through the US capital market.

🚀 Comprehensive comments, the author of the article believes that despite the heavy tax burden, the capital liquidity advantages obtained by US miners through the capital market far exceed those of Bitcoin miners outside the United States.

💬 Do you agree with the author's point of view? Do you think these advantages of US miners are enough to offset the burden of high taxes? In the global mining competition, how will these advantages affect the development of the entire crypto industry?Share your thoughts in the comments!

#比特币挖矿 #美国矿工 #资本市场优势
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Bitcoin Mining: Texas Freeze Slows Mining, Affects 34% of HashrateThe Bitcoin mining industry in Texas has been hit hard as it deals with extreme weather conditions. Falling temperatures prevent mining centers from using enough electricity to achieve high hashrate levels. Bitcoin mining slows in Texas due to power shortage Due to the sudden freeze in Texas, Bitcoin’s hash rate dropped significantly, forcing miners there to reduce activity to maintain the state’s power infrastructure. According to a CoinMarketCap report, the Bitcoin network’s total hash rate dropped by 34% from January 11 to January 15. The decline was from 629 EH/s per second on January 11 to approximately 415 EH/s on January 11. January 15th. On January 16, when temperatures in Austin briefly reached above freezing, the hashrate partially rebounded to over 454 EH/s.

Bitcoin Mining: Texas Freeze Slows Mining, Affects 34% of Hashrate

The Bitcoin mining industry in Texas has been hit hard as it deals with extreme weather conditions. Falling temperatures prevent mining centers from using enough electricity to achieve high hashrate levels.
Bitcoin mining slows in Texas due to power shortage
Due to the sudden freeze in Texas, Bitcoin’s hash rate dropped significantly, forcing miners there to reduce activity to maintain the state’s power infrastructure.
According to a CoinMarketCap report, the Bitcoin network’s total hash rate dropped by 34% from January 11 to January 15. The decline was from 629 EH/s per second on January 11 to approximately 415 EH/s on January 11. January 15th. On January 16, when temperatures in Austin briefly reached above freezing, the hashrate partially rebounded to over 454 EH/s.
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💸The Bhutanese government transfers $40 million in Bitcoin to QCP Capital, is this a new round of selling? On December 9, the Bhutanese government transferred 402 Bitcoins to QCP Capital, with a total value reaching $38.98 million. This action is the latest move in the Bhutanese government's active reduction of its Bitcoin reserves since October last year. Although Bhutan is a small country, it has made significant strides in the field of cryptocurrency. Their Bitcoin reserves account for nearly 27% of the country's GDP, ranking among the top in the world. According to data from blockchain analysis platform SpotOnChain, since the surge in Bitcoin prices at the end of October, the Bhutanese government has sold 1,696 Bitcoins worth $139 million through Binance and QCP Capital, with an average selling price of $81,999 per BTC. This is already the third large-scale transfer of Bitcoin by the Bhutanese government this year. In October, they transferred 929 Bitcoins worth $66.16 million to Binance and QCP Capital through two transactions, with an average selling price of $81,999 per BTC. Bhutan has a total of seven known wallets holding approximately 11,700 Bitcoins, with a total value of $1.13 billion, making it the fourth-largest government holder of Bitcoin in the world. These Bitcoins are managed by the national investment agency Druk Holding & Investments (DHI). Unlike other countries, Bhutan's Bitcoin reserves are not obtained through criminal asset seizures, but rather they are mined using their abundant hydropower resources. Officials confirmed that Bhutan's mining activities began in April 2019, when the price of Bitcoin was only $5,000. According to World Bank data, by 2023, Bhutan's Bitcoin reserves are expected to account for 26.9% of the country's $2.9 billion GDP. Bhutan has also partnered with Bitdeer Technologies Group to launch a $500 million fund to promote domestic Bitcoin mining. They plan to expand their mining capacity to 500 megawatts by mid-2025, with a total capacity of 600 megawatts. In addition to mining, Bhutan has also innovated in the digital finance sector. In 2021, they collaborated with Ripple to develop a digital version of the national currency, aimed at enhancing digital and cross-border payments and promoting financial inclusion. What are your thoughts on Bhutan's series of actions? Leave your views and opinions in the comments section! #不丹政府 #比特币减持 #加密货币经济 #比特币挖矿
💸The Bhutanese government transfers $40 million in Bitcoin to QCP Capital, is this a new round of selling?

On December 9, the Bhutanese government transferred 402 Bitcoins to QCP Capital, with a total value reaching $38.98 million. This action is the latest move in the Bhutanese government's active reduction of its Bitcoin reserves since October last year.

Although Bhutan is a small country, it has made significant strides in the field of cryptocurrency. Their Bitcoin reserves account for nearly 27% of the country's GDP, ranking among the top in the world.

According to data from blockchain analysis platform SpotOnChain, since the surge in Bitcoin prices at the end of October, the Bhutanese government has sold 1,696 Bitcoins worth $139 million through Binance and QCP Capital, with an average selling price of $81,999 per BTC.

This is already the third large-scale transfer of Bitcoin by the Bhutanese government this year. In October, they transferred 929 Bitcoins worth $66.16 million to Binance and QCP Capital through two transactions, with an average selling price of $81,999 per BTC.

Bhutan has a total of seven known wallets holding approximately 11,700 Bitcoins, with a total value of $1.13 billion, making it the fourth-largest government holder of Bitcoin in the world. These Bitcoins are managed by the national investment agency Druk Holding & Investments (DHI).

Unlike other countries, Bhutan's Bitcoin reserves are not obtained through criminal asset seizures, but rather they are mined using their abundant hydropower resources.

Officials confirmed that Bhutan's mining activities began in April 2019, when the price of Bitcoin was only $5,000. According to World Bank data, by 2023, Bhutan's Bitcoin reserves are expected to account for 26.9% of the country's $2.9 billion GDP.

Bhutan has also partnered with Bitdeer Technologies Group to launch a $500 million fund to promote domestic Bitcoin mining. They plan to expand their mining capacity to 500 megawatts by mid-2025, with a total capacity of 600 megawatts.

In addition to mining, Bhutan has also innovated in the digital finance sector. In 2021, they collaborated with Ripple to develop a digital version of the national currency, aimed at enhancing digital and cross-border payments and promoting financial inclusion.

What are your thoughts on Bhutan's series of actions? Leave your views and opinions in the comments section!

#不丹政府 #比特币减持 #加密货币经济 #比特币挖矿
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🌿 Bitcoin environmental controversy: Daniel Batten fights back against IMF carbon emissions report! 🔊 Recently, the International Monetary Fund (IMF) released a report that put Bitcoin mining and artificial intelligence at the forefront, saying that they could cause carbon emissions to soar. But Bitcoin advocate Daniel Batten stood up to refute that the data used in the report is unreliable and the comparison method is problematic. 💼 The IMF report suggests that regulators can impose a "crypto carbon" tax on Bitcoin mining. But Batten thinks this is unfair. He said that Bitcoin mining actually has a net decarbonization effect on the power grid, which is different from artificial intelligence data centers. 📈 Batten also criticized the sources and models used by the IMF for being unreliable, saying that they exaggerate the impact of Bitcoin mining on the environment. He also mentioned that independent data shows that by 2027, Bitcoin's share of global electricity use and carbon dioxide emissions will decrease over time. 🗣️ Meanwhile, Batten also called on Twitter to conduct more honest and accurate research, saying that the benefits of Bitcoin mining to the environment are recognized by more and more scientists. Therefore, the IMF report may mislead policymakers and should not be used as a reliable resource for policy making. 💭 The view is that the controversy caused by the IMF report highlights the complex relationship between cryptocurrency mining and environmental issues. Daniel Batten believes that Bitcoin mining may have a positive effect on the energy grid, rather than just a burden. Therefore, before formulating policies and tax measures, it is necessary to comprehensively evaluate the environmental impact of cryptocurrency mining, and it is even more necessary to balance the impact of economic benefits and environmental responsibilities in the development of new technologies. 👇 What do you think of the IMF report and Daniel Batten's rebuttal? Which side's view is more convincing? What key factors should we pay attention to in the environmental impact assessment of cryptocurrency mining? For Bitcoin mining, how do you think we should balance regulatory needs and technological innovation? 🔍 Share your views in the comment section, let us discuss the impact of Bitcoin mining on the environment and possible future development trends. #比特币挖矿 #环境影响 #IMF报告 #技术创新 #环保讨论
🌿 Bitcoin environmental controversy: Daniel Batten fights back against IMF carbon emissions report!

🔊 Recently, the International Monetary Fund (IMF) released a report that put Bitcoin mining and artificial intelligence at the forefront, saying that they could cause carbon emissions to soar. But Bitcoin advocate Daniel Batten stood up to refute that the data used in the report is unreliable and the comparison method is problematic.

💼 The IMF report suggests that regulators can impose a "crypto carbon" tax on Bitcoin mining. But Batten thinks this is unfair. He said that Bitcoin mining actually has a net decarbonization effect on the power grid, which is different from artificial intelligence data centers.

📈 Batten also criticized the sources and models used by the IMF for being unreliable, saying that they exaggerate the impact of Bitcoin mining on the environment. He also mentioned that independent data shows that by 2027, Bitcoin's share of global electricity use and carbon dioxide emissions will decrease over time.
🗣️ Meanwhile, Batten also called on Twitter to conduct more honest and accurate research, saying that the benefits of Bitcoin mining to the environment are recognized by more and more scientists. Therefore, the IMF report may mislead policymakers and should not be used as a reliable resource for policy making. 💭 The view is that the controversy caused by the IMF report highlights the complex relationship between cryptocurrency mining and environmental issues. Daniel Batten believes that Bitcoin mining may have a positive effect on the energy grid, rather than just a burden. Therefore, before formulating policies and tax measures, it is necessary to comprehensively evaluate the environmental impact of cryptocurrency mining, and it is even more necessary to balance the impact of economic benefits and environmental responsibilities in the development of new technologies. 👇 What do you think of the IMF report and Daniel Batten's rebuttal? Which side's view is more convincing? What key factors should we pay attention to in the environmental impact assessment of cryptocurrency mining? For Bitcoin mining, how do you think we should balance regulatory needs and technological innovation? 🔍 Share your views in the comment section, let us discuss the impact of Bitcoin mining on the environment and possible future development trends. #比特币挖矿 #环境影响 #IMF报告 #技术创新 #环保讨论
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The chance is only 0.0000000738%! Adventuring into the mining sea, one person snatched $220,000 Bitcoin! Are you feeling sour about this luck?Imagine this: you are just an ordinary miner, struggling alone in the vast blockchain world, when suddenly, with a huge bang, you mine a Bitcoin block worth $220,000! It sounds like a fairy tale, but on October 24, such a miracle really happened! According to on-chain data platform Mempool, this lucky miner is from the cryptocurrency mining pool Solo CKPool, and his chance of mining block 867118 was only 0.0000000738%! Are you starting to feel a bit sour about this luck? Since July, this is already the 4th time a miner has enjoyed a hefty block reward alone. The first time was on July 24, when the Bitaxe series mining machines from Altair Technology mined Bitcoin worth about $210,000 through Solo CKPool. At that time, the price of this mining machine was only $135 to $265, which was simply a windfall from the sky!

The chance is only 0.0000000738%! Adventuring into the mining sea, one person snatched $220,000 Bitcoin! Are you feeling sour about this luck?

Imagine this: you are just an ordinary miner, struggling alone in the vast blockchain world, when suddenly, with a huge bang, you mine a Bitcoin block worth $220,000! It sounds like a fairy tale, but on October 24, such a miracle really happened! According to on-chain data platform Mempool, this lucky miner is from the cryptocurrency mining pool Solo CKPool, and his chance of mining block 867118 was only 0.0000000738%! Are you starting to feel a bit sour about this luck?
Since July, this is already the 4th time a miner has enjoyed a hefty block reward alone. The first time was on July 24, when the Bitaxe series mining machines from Altair Technology mined Bitcoin worth about $210,000 through Solo CKPool. At that time, the price of this mining machine was only $135 to $265, which was simply a windfall from the sky!
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🌟 Russia opens ban on cryptocurrencies: A new era of global asset trading has officially begun? Cryptocurrency enthusiasts, here are the latest developments! 🌟 Russia passed two major bills yesterday to give cryptocurrency a fair name, which is big news! 🏭 Bill 1: Russia agrees to open up cryptocurrency mining in its territory, announcing that mining activities will be completely legal from November 1, 2024. Remember that not long ago, Russia also banned Bitcoin mining, but now it has made a 180-degree turn, reopening and requiring all mining income to be declared. 💼 Bill 2: Even more impressive is that Russia allows companies authorized by the central bank to use digital currencies for cross-border settlement and foreign exchange transactions. This means that from September 1 this year, Russia will officially use Bitcoin and other cryptocurrencies for international trade. 🔄 The passage of these two bills marks that Russia will not only give cryptocurrency a fair name domestically, but also use them as a medium of exchange on the international stage. This is not only an affirmation of the legitimacy of cryptocurrency, but also a sign that cryptocurrency is becoming increasingly important in the global financial system. 🤔 It is believed that this move by Russia could trigger a global chain reaction, prompting other countries to reconsider their stance on cryptocurrencies. This is not only a shot in the arm for the cryptocurrency market, but also a strong proof of Bitcoin's future potential. 💬 So, the question is: what do you think of these two new Russian bills? What far-reaching impact will this have on the global cryptocurrency market? Share your thoughts in the comments section, and let's discuss this potentially game-changing move together! #俄罗斯加密货币法案 #加密货币合法化 #比特币挖矿 #数字货币跨境交易
🌟 Russia opens ban on cryptocurrencies: A new era of global asset trading has officially begun?

Cryptocurrency enthusiasts, here are the latest developments! 🌟 Russia passed two major bills yesterday to give cryptocurrency a fair name, which is big news!

🏭 Bill 1: Russia agrees to open up cryptocurrency mining in its territory, announcing that mining activities will be completely legal from November 1, 2024. Remember that not long ago, Russia also banned Bitcoin mining, but now it has made a 180-degree turn, reopening and requiring all mining income to be declared.

💼 Bill 2: Even more impressive is that Russia allows companies authorized by the central bank to use digital currencies for cross-border settlement and foreign exchange transactions. This means that from September 1 this year, Russia will officially use Bitcoin and other cryptocurrencies for international trade.

🔄 The passage of these two bills marks that Russia will not only give cryptocurrency a fair name domestically, but also use them as a medium of exchange on the international stage. This is not only an affirmation of the legitimacy of cryptocurrency, but also a sign that cryptocurrency is becoming increasingly important in the global financial system.

🤔 It is believed that this move by Russia could trigger a global chain reaction, prompting other countries to reconsider their stance on cryptocurrencies. This is not only a shot in the arm for the cryptocurrency market, but also a strong proof of Bitcoin's future potential.

💬 So, the question is: what do you think of these two new Russian bills? What far-reaching impact will this have on the global cryptocurrency market? Share your thoughts in the comments section, and let's discuss this potentially game-changing move together!

#俄罗斯加密货币法案 #加密货币合法化 #比特币挖矿 #数字货币跨境交易
--
Bearish
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How much does it cost for miners to mine one Bitcoin? Three factors determine the final cost: electricity price, mining machine, time Currently, it takes 1250000 T to mine 1 BTC If it is 0.4 yuan/kWh, if you want to get it within 1 day, you need to invest 6579 T21, the machine cost is 144 million, and the electricity cost is 230,000 If it is 0.4 yuan/kWh, if you want to get it within 1 month, you need to invest 219 T21, the machine cost is 4.81 million, and the electricity cost is 230,000 #比特币挖矿 #矿工
How much does it cost for miners to mine one Bitcoin?

Three factors determine the final cost: electricity price, mining machine, time

Currently, it takes 1250000 T to mine 1 BTC

If it is 0.4 yuan/kWh, if you want to get it within 1 day, you need to invest 6579 T21, the machine cost is 144 million, and the electricity cost is 230,000

If it is 0.4 yuan/kWh, if you want to get it within 1 month, you need to invest 219 T21, the machine cost is 4.81 million, and the electricity cost is 230,000
#比特币挖矿 #矿工
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🌟 Russian industrial giants quietly mined $3 billion worth of Bitcoin, but is legal regulation still a challenge? 🏭️ Russia's cryptocurrency mining industry is booming! As of last year, the country's industrial miners have mined about 54,000 Bitcoins, with a total value of up to $3 billion. Russia is consolidating its position as the world's second largest cryptocurrency mining country after the United States. 🔍 There are several reasons behind Russia's mining boom. First, Russia's low electricity costs are very attractive to miners looking to maximize profits. In addition, Russia's vast territory and cold climate also help reduce the cooling costs of mining machines. According to analysis, more than 95% of Russian miners are focused on Bitcoin mining. 🏛️ Although Russia's regulatory policy is still unclear, Russian President Putin recently signed a law officially allowing cryptocurrency mining. The law provides a clearer definition for this emerging industry and clarifies the rights and obligations of miners. While individual miners can mine without registration, large-scale mining farms will face stricter regulation. 🌐 The Financial Action Task Force (FATF) has expressed concerns about Russia's failure to meet international anti-money laundering standards, which could affect Russia's position in the global cryptocurrency market. Despite the government's efforts to regulate, how to find a balance between growth and control remains a challenge. 🚀 Looking ahead, experts predict that Russia's cryptocurrency mining industry could grow by 20% to 40% by 2024. This optimism stems from the continued demand for Bitcoin and advances in mining technology. However, the industry must deal with an evolving regulatory environment. 🤔 The future of cryptocurrency mining in Russia is full of uncertainty as the government considers new regulations. While an open mining policy heralds great growth potential, the risk of over-regulation could also limit the industry's potential development. 💬 What do you think about the future development of Russia's cryptocurrency mining industry? How do you think the government can find a balance between regulation and innovation? Leave your views in the comments section! #俄罗斯 #比特币挖矿 #加密货币 #监管环境 #市场动态
🌟 Russian industrial giants quietly mined $3 billion worth of Bitcoin, but is legal regulation still a challenge?

🏭️ Russia's cryptocurrency mining industry is booming! As of last year, the country's industrial miners have mined about 54,000 Bitcoins, with a total value of up to $3 billion. Russia is consolidating its position as the world's second largest cryptocurrency mining country after the United States.

🔍 There are several reasons behind Russia's mining boom. First, Russia's low electricity costs are very attractive to miners looking to maximize profits. In addition, Russia's vast territory and cold climate also help reduce the cooling costs of mining machines. According to analysis, more than 95% of Russian miners are focused on Bitcoin mining.

🏛️ Although Russia's regulatory policy is still unclear, Russian President Putin recently signed a law officially allowing cryptocurrency mining. The law provides a clearer definition for this emerging industry and clarifies the rights and obligations of miners. While individual miners can mine without registration, large-scale mining farms will face stricter regulation.

🌐 The Financial Action Task Force (FATF) has expressed concerns about Russia's failure to meet international anti-money laundering standards, which could affect Russia's position in the global cryptocurrency market. Despite the government's efforts to regulate, how to find a balance between growth and control remains a challenge.

🚀 Looking ahead, experts predict that Russia's cryptocurrency mining industry could grow by 20% to 40% by 2024. This optimism stems from the continued demand for Bitcoin and advances in mining technology. However, the industry must deal with an evolving regulatory environment.

🤔 The future of cryptocurrency mining in Russia is full of uncertainty as the government considers new regulations. While an open mining policy heralds great growth potential, the risk of over-regulation could also limit the industry's potential development.

💬 What do you think about the future development of Russia's cryptocurrency mining industry? How do you think the government can find a balance between regulation and innovation? Leave your views in the comments section!

#俄罗斯 #比特币挖矿 #加密货币 #监管环境 #市场动态
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⚙️ Chinese car dealer Cango Inc. invests $256 million in Bitcoin mining Shanghai's car dealer Cango Inc. announced an investment of $256 million into the Bitcoin mining sector, having directly purchased 32 EH/s of Bitcoin mining hash rate from Bitmain Technologies, making them a new player in the global mining scene. As early as November, Cango showcased their strength by mining 363 Bitcoins, valued at approximately $36 million. This significantly elevated their position in the global mining community, making them one of the top participants worldwide. Cango's rapid growth in mining business is mainly due to their strategic acquisitions. The mining machines purchased from Bitmain are hosted in Georgia, USA, and they have signed an 18-month hosting contract. This way, they don’t have to worry about maintaining the data center and can focus on mining. Although China banned cryptocurrency mining in May 2021, some experts estimate that Chinese mining pools still control 55% of the global Bitcoin hash rate. Cango also plans to buy another 18 EH/s of computing power from Golden TechGen by the end of March 2025, which could bring their total hash rate to 50 EH/s, potentially allowing them to compete on equal footing with industry giants like Marathon Digital Holdings. There is speculation that the hardware Cango purchased may be Bitmain's Antminer S19X, which is competitively priced at $8 per TH/s. With Bitcoin prices hovering around $100,000, Cango's timing in entering the cryptocurrency field seems well-timed. Although this is a far cry from their original identity as an automotive trading service provider, it is indeed proof of their continuous self-reinvention. Cango's stock price also surged significantly due to this news, rising from $3.41 to $6.91, with market capitalization increasing to $500 million. It seems that their Bitcoin mining business may become a major source of income in the short term. 💬 Do you think Cango's entry into Bitcoin mining is a wise move or a speculative risk? Leave your thoughts and opinions in the comments! #比特币挖矿 #Cango #加密货币投资
⚙️ Chinese car dealer Cango Inc. invests $256 million in Bitcoin mining

Shanghai's car dealer Cango Inc. announced an investment of $256 million into the Bitcoin mining sector, having directly purchased 32 EH/s of Bitcoin mining hash rate from Bitmain Technologies, making them a new player in the global mining scene.

As early as November, Cango showcased their strength by mining 363 Bitcoins, valued at approximately $36 million. This significantly elevated their position in the global mining community, making them one of the top participants worldwide.

Cango's rapid growth in mining business is mainly due to their strategic acquisitions. The mining machines purchased from Bitmain are hosted in Georgia, USA, and they have signed an 18-month hosting contract. This way, they don’t have to worry about maintaining the data center and can focus on mining.

Although China banned cryptocurrency mining in May 2021, some experts estimate that Chinese mining pools still control 55% of the global Bitcoin hash rate.

Cango also plans to buy another 18 EH/s of computing power from Golden TechGen by the end of March 2025, which could bring their total hash rate to 50 EH/s, potentially allowing them to compete on equal footing with industry giants like Marathon Digital Holdings.

There is speculation that the hardware Cango purchased may be Bitmain's Antminer S19X, which is competitively priced at $8 per TH/s.

With Bitcoin prices hovering around $100,000, Cango's timing in entering the cryptocurrency field seems well-timed. Although this is a far cry from their original identity as an automotive trading service provider, it is indeed proof of their continuous self-reinvention.

Cango's stock price also surged significantly due to this news, rising from $3.41 to $6.91, with market capitalization increasing to $500 million. It seems that their Bitcoin mining business may become a major source of income in the short term.

💬 Do you think Cango's entry into Bitcoin mining is a wise move or a speculative risk? Leave your thoughts and opinions in the comments!

#比特币挖矿 #Cango #加密货币投资
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Deutsche Telekom explores Bitcoin pilot project, leading a new revolution in renewable energy miningDeutsche Telekom (the largest telecommunications provider in Europe) has announced an innovative pilot project to utilize surplus renewable energy to operate Bitcoin mining infrastructure. This plan is being implemented jointly by Deutsche Telekom's subsidiary MMS and Bankhaus Metzler, aiming to utilize surplus electricity that has not been used due to grid restrictions or lack of storage solutions. Deutsche Telekom launches Bitcoin mining. As renewable energy sources such as wind and solar power continue to integrate into the grid, the irregularity of electricity supply also poses challenges to grid stability. To address this issue, Deutsche Telekom is attempting to convert underutilized energy into digital assets, especially in the energy-intensive field of Bitcoin mining.

Deutsche Telekom explores Bitcoin pilot project, leading a new revolution in renewable energy mining

Deutsche Telekom (the largest telecommunications provider in Europe) has announced an innovative pilot project to utilize surplus renewable energy to operate Bitcoin mining infrastructure.
This plan is being implemented jointly by Deutsche Telekom's subsidiary MMS and Bankhaus Metzler, aiming to utilize surplus electricity that has not been used due to grid restrictions or lack of storage solutions.
Deutsche Telekom launches Bitcoin mining.
As renewable energy sources such as wind and solar power continue to integrate into the grid, the irregularity of electricity supply also poses challenges to grid stability.
To address this issue, Deutsche Telekom is attempting to convert underutilized energy into digital assets, especially in the energy-intensive field of Bitcoin mining.
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Trump proposes mining remaining Bitcoins across the U.S. to compete for energy dominanceFormer U.S. President Donald Trump has adopted a new strategy in the cryptocurrency space to appeal to the growing community of cryptocurrency enthusiasts. In a meeting with representatives of several bitcoin mining companies, Trump announced his ambitious goal to push for all remaining bitcoins to be mined in the United States, not only in Washington, D.C., but also internationally. He believes this will not only help protect Bitcoin mining from external influences, but also strengthen the United States' global leadership in the energy sector. Trump’s Cryptocurrency Campaign Industry insiders who attended the meeting included Salman Khan of Marathon Digital, S Matthew Schultz and Jason Les of CleanSpark, and Brian Morgenstern of Riot Platforms. In addition, Amanda Fabiano, former head of mining at Galaxy and director of Bitcoin mining at Fidelity, also attended the meeting.

Trump proposes mining remaining Bitcoins across the U.S. to compete for energy dominance

Former U.S. President Donald Trump has adopted a new strategy in the cryptocurrency space to appeal to the growing community of cryptocurrency enthusiasts.
In a meeting with representatives of several bitcoin mining companies, Trump announced his ambitious goal to push for all remaining bitcoins to be mined in the United States, not only in Washington, D.C., but also internationally.
He believes this will not only help protect Bitcoin mining from external influences, but also strengthen the United States' global leadership in the energy sector.
Trump’s Cryptocurrency Campaign
Industry insiders who attended the meeting included Salman Khan of Marathon Digital, S Matthew Schultz and Jason Les of CleanSpark, and Brian Morgenstern of Riot Platforms. In addition, Amanda Fabiano, former head of mining at Galaxy and director of Bitcoin mining at Fidelity, also attended the meeting.
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US cryptocurrency regulations tighten as Joe Biden blocks Chinese-owned mining farmsOn May 13, U.S. President Joe Biden issued a directive prohibiting MineOne from acquiring real estate near a strategic missile base. The U.S. government discovered that MineOne, which is primarily owned by Chinese citizens, planned to use the property for cryptocurrency mining. The decision stems from national security concerns because of the site's proximity to Francis E. Warren Air Force Base, which is home to Minuteman III intercontinental ballistic missiles. National security concerns prompt U.S. president to act The directive issued by U.S. President Joe Biden mentioned that MineOne, a cryptocurrency mining company mainly owned by Chinese citizens, posed a national security risk because the real estate it planned to purchase was close to a U.S. strategic missile base, which is a key element of the U.S. nuclear triad.

US cryptocurrency regulations tighten as Joe Biden blocks Chinese-owned mining farms

On May 13, U.S. President Joe Biden issued a directive prohibiting MineOne from acquiring real estate near a strategic missile base. The U.S. government discovered that MineOne, which is primarily owned by Chinese citizens, planned to use the property for cryptocurrency mining.

The decision stems from national security concerns because of the site's proximity to Francis E. Warren Air Force Base, which is home to Minuteman III intercontinental ballistic missiles.
National security concerns prompt U.S. president to act
The directive issued by U.S. President Joe Biden mentioned that MineOne, a cryptocurrency mining company mainly owned by Chinese citizens, posed a national security risk because the real estate it planned to purchase was close to a U.S. strategic missile base, which is a key element of the U.S. nuclear triad.
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【1.2 Flash News】According to Bitcoin.com, the Bitcoin network's hash rate reached a new high on the last day of 2024, hitting 808 EH/s. Data shows that as of January 1, 2025, the Bitcoin network is supported by 62 mining pools with a hash rate of 799.99 EH/s, and a total of 262 EH/s of new hash rate was added throughout 2024. #比特币挖矿 #比特币全网算力创新高
【1.2 Flash News】According to Bitcoin.com, the Bitcoin network's hash rate reached a new high on the last day of 2024, hitting 808 EH/s. Data shows that as of January 1, 2025, the Bitcoin network is supported by 62 mining pools with a hash rate of 799.99 EH/s, and a total of 262 EH/s of new hash rate was added throughout 2024.
#比特币挖矿 #比特币全网算力创新高
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Trump's Major Promises for the Future of Crypto: Can He Become the 'Savior' of the Crypto World?Imagine how excited you would be if your Bitcoin was no longer subjected to unreasonable suppression, but instead was fully protected by a heavyweight figure. That's right; this figure is former President Trump! He is making a series of significant promises to the cryptocurrency community, vowing to win the hearts of crypto supporters through a pro-crypto agenda. But the question is, can these promises really be fulfilled? Trump's promises are not unfounded. He has made it clear that he wants to protect Bitcoin mining rights, stop the development of Central Bank Digital Currencies (CBDCs), and enhance the United States' position in the global crypto industry. These statements immediately made headlines in major media, energizing those in the crypto circle.

Trump's Major Promises for the Future of Crypto: Can He Become the 'Savior' of the Crypto World?

Imagine how excited you would be if your Bitcoin was no longer subjected to unreasonable suppression, but instead was fully protected by a heavyweight figure. That's right; this figure is former President Trump! He is making a series of significant promises to the cryptocurrency community, vowing to win the hearts of crypto supporters through a pro-crypto agenda. But the question is, can these promises really be fulfilled?
Trump's promises are not unfounded. He has made it clear that he wants to protect Bitcoin mining rights, stop the development of Central Bank Digital Currencies (CBDCs), and enhance the United States' position in the global crypto industry. These statements immediately made headlines in major media, energizing those in the crypto circle.
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