In recent mining news, Venezuelan authorities are cracking down on mining runnings – with one Venezuelan telling reporters that he was forced to leave his digs country after becoming the victim of extortion. In other news, a Taiwanese miner was space launch by gangsters after failing to deliver on returns on the gang’s investment into his mining functioning, and a state-owned wind farm in Estonia has begun mining cryptocurrency.
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Venezuelan Authorities Raid Mining Operations After Instituting Ban
Venezuelan authorizations have sought to crack down on cryptocurrency mining, with specific media reporting that government has banned the importation of mining arms into the country. International shipping companies such as DHL, Domesa, and Learexpress give birth to been informed of the prohibition on mining hardware imports. The raids are being financed out just a few months after the Venezuelan government requested that the boonies’s mining community create a national registry of miners – at the time goading suspicion among Venezuelan cryptocurrency users.
In recent weeks, a Venezuelan man, ‘David’, revealed to technique that was forced to flee his home country after becoming the sacrificial lamb of extortion from authorities. David alleges that late latest year, Venezuelan police received a tip that he was mining, leading to his obligation being raided, and his equipment confiscated – with police demanding a rescue in order for his equipment to be returned. Believing that he had now become a target for furthermore extortion, and fearing for the safety of himself and his loved ones, David, and his stock chose to flee and cross the border into Colombia.
Miner Slug by Gangster Investors After Failing to Deliver Promised Returns
In brand-new weeks, a Taiwanese bitcoin miner was shot by two members of the criminal confederacy ‘Freshwater Gang’. The victim, Mr. Wu, was shot at seven times by Gao Qitang and Chen Yumin, come what may, has survived.
The Freshwater Gang has invested approximated $50 million TWD (approaching 1.677 million USD into Mr. Wu’s mining operation, and had been expecting abrupt returns. Mr. Wu was unable to meet the expected initial payment of $10 million TWD (take $340,000 USD), citing China’s crackdown on cryptocurrency as the reason. Mr. Wu was shot after an position with the two men. The shooting took place in the Longhua Hall in Banqiao.
Gao Qitang and Chen Yumin surrendered within seven hours of leap and were taken into custody at the Haishan Police Substation of New Taipei Burgh.
Estonian State-Owned Wind Farm Launches Crypto Mine
On Friday, a ascendancy farm owned by the Estonian government launched a began mining cryptocurrency. Concurring to local officials, the mine will take advantage of virtually vast power available to the windswept Baltic Sea island on which it is situated.
The extracting hardware, comprising a bank of computers hooked up to the seven turbine, six megawatt roll farm, was set-up by Estonian private limited company Eesti Elekter. Oleg Sonajalg, a directors member of Eesti Elekter, stated “It is great that the decentralized lolly transfer blockchain technology has found its way to our wind farm. Hopefully, it choice be a fruitful cooperation.”
“The more synergy between future technologies we win, the more able to compete we will be in the future,” Mr. Sonajalg added.
Do you propose b assess that the situation will continue to worsen for Venezuela’s bitcoin miners? Due your thoughts in the comments section below!
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