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Australian regulator ASIC has charged former Mine Digital CEO Grant Colthup with $1.47 million fraud.
One of the exchange's customers did not receive his bitcoins after depositing AU$2.2 million, and the money was used to pay off the company's debts.
The case will be heard in December.
#asic #scam #newscrypto $BTC
One of the exchange's customers did not receive his bitcoins after depositing AU$2.2 million, and the money was used to pay off the company's debts.
The case will be heard in December.
#asic #scam #newscrypto $BTC
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⚡️ Miners vs Electricity in Abkhazia: Hot Times 🔥
In Abkhazia, the electricity shortage has reached a new level! Shocking reports indicate that neighbors are burning each other's ASIC miners due to the lack of energy 🏠💥. Yes, such stories are no longer just tales, but reality.
📜 The Parliament of Abkhazia has intensified measures — a bill has been passed for a complete ban on cryptocurrency mining. If finally adopted, criminal liability will threaten those who mine crypto. 🛑
⏳ Interestingly, the ban on mining has been in effect since 2018, but there were still loopholes — electricity could be used from private power plants. Now, it seems that they want to put a big and fat cross on crypto mining.
🧐 The situation looks like a real energy crisis — and it makes one wonder: how far are governments willing to go in the fight against unauthorized mining?
What do you think, friends? Are such methods of solving the problem justified? Or is this already going too far? 🧐
#CryptoNews
#MiningBan
#Abkhazia
#ASIC
In Abkhazia, the electricity shortage has reached a new level! Shocking reports indicate that neighbors are burning each other's ASIC miners due to the lack of energy 🏠💥. Yes, such stories are no longer just tales, but reality.
📜 The Parliament of Abkhazia has intensified measures — a bill has been passed for a complete ban on cryptocurrency mining. If finally adopted, criminal liability will threaten those who mine crypto. 🛑
⏳ Interestingly, the ban on mining has been in effect since 2018, but there were still loopholes — electricity could be used from private power plants. Now, it seems that they want to put a big and fat cross on crypto mining.
🧐 The situation looks like a real energy crisis — and it makes one wonder: how far are governments willing to go in the fight against unauthorized mining?
What do you think, friends? Are such methods of solving the problem justified? Or is this already going too far? 🧐
#CryptoNews
#MiningBan
#Abkhazia
#ASIC
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Australia Cracks Down on Crypto: 13 Companies Punished for Violations
The Australian Transaction Reports and Analysis Centre (AUSTRAC) has just launched a strong crackdown on the cryptocurrency sector, targeting 13 crypto companies for violating anti-money laundering and terrorism financing regulations. This is the result of a year-long investigation aimed at tightening control over digital asset exchanges in Australia.
A Series of Crypto Companies Have Been Suspended or Have Their Licenses Revoked
A Series of Crypto Companies Have Been Suspended or Have Their Licenses Revoked
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Top 3 Bitcoin Mining ASIC Machines for 2025 #asic #Binance #cheaper #ANTMINER
Bitmain AntMiner S19 Pro
The Bitmain Antminer S19 Pro stands out as the best choice for Bitcoin mining enthusiasts. Despite its higher price compared to other entries on our list, it offers an impressive 110 Th/s hash rate, making it a formidable player in the mining game.
Retail Price: $ 3.230
Hash rate: 110 thousand/s
Power consumption: 3250 W
Bitmain AntMiner S9
The S9, although known for its modest hash rate, ranks as one of the most cost-effective mining devices available today.
Price: A used Bitmain Antminer S9 costs US$ 246.
Hash rate: 14 thousand/s
Power consumption: 1323 W
Whatsminer M30S++
The Whatsminer M30S++ is rated as a leading powerhouse in the Bitcoin mining industry, enabling mining of Bitcoin and Bitcoin Cash with an impressive hash rate of 112TH/S. This machine is superior in terms of cost and energy usage compared to other options in our lineup, which may make it less suitable for those just starting out in mining.
Listing Price: Currently, a used Whatsminer M30S++ costs US$ 2,455 on Amazon.
Hash rate: 112TH/S
Power consumption: 3472 W
Bitmain AntMiner S19 Pro
The Bitmain Antminer S19 Pro stands out as the best choice for Bitcoin mining enthusiasts. Despite its higher price compared to other entries on our list, it offers an impressive 110 Th/s hash rate, making it a formidable player in the mining game.
Retail Price: $ 3.230
Hash rate: 110 thousand/s
Power consumption: 3250 W
Bitmain AntMiner S9
The S9, although known for its modest hash rate, ranks as one of the most cost-effective mining devices available today.
Price: A used Bitmain Antminer S9 costs US$ 246.
Hash rate: 14 thousand/s
Power consumption: 1323 W
Whatsminer M30S++
The Whatsminer M30S++ is rated as a leading powerhouse in the Bitcoin mining industry, enabling mining of Bitcoin and Bitcoin Cash with an impressive hash rate of 112TH/S. This machine is superior in terms of cost and energy usage compared to other options in our lineup, which may make it less suitable for those just starting out in mining.
Listing Price: Currently, a used Whatsminer M30S++ costs US$ 2,455 on Amazon.
Hash rate: 112TH/S
Power consumption: 3472 W
U.S. Customs intensifies efforts to seize Bitcoin mining ASIC equipment, affecting multiple manufacturers
According to Blockspace, U.S. Customs and Border Protection (CBP) has begun seizing Bitcoin mining #ASIC equipment including #MicroBT and #Canaan at the request of the Federal Communications Commission (FCC), expanding last year’s operation against #Antminer equipment. The devices, which the affected companies said were worth $5 million, were seized because they contained AI chips that were not approved by the FCC. Customs clearance issues have extended to multiple ports, with vendors such as #Bitmain , Canaan and MicroBT facing difficulties.
According to Blockspace, U.S. Customs and Border Protection (CBP) has begun seizing Bitcoin mining #ASIC equipment including #MicroBT and #Canaan at the request of the Federal Communications Commission (FCC), expanding last year’s operation against #Antminer equipment. The devices, which the affected companies said were worth $5 million, were seized because they contained AI chips that were not approved by the FCC. Customs clearance issues have extended to multiple ports, with vendors such as #Bitmain , Canaan and MicroBT facing difficulties.
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Is it profitable to mine Litecoin?
The profitability of mining Litecoin depends on several factors:$LTC
Equipment costs: Investing in mining equipment is the first significant expense. The type of equipment you choose greatly affects the efficiency and profitability of mining. #ASIC -miners are most efficient for mining #Litecoin due to their high hash rates and energy efficiency compared to graphics cards or central processors.
Equipment costs: Investing in mining equipment is the first significant expense. The type of equipment you choose greatly affects the efficiency and profitability of mining. #ASIC -miners are most efficient for mining #Litecoin due to their high hash rates and energy efficiency compared to graphics cards or central processors.
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Riot Platforms Turns to AI to Diversify Revenue
With Bitcoin mining revenue declining and network difficulty rising, Bitcoin mining company Riot Platforms is looking for opportunities to collaborate in the fields of artificial intelligence (AI) and high-performance computing (HPC) to create a more stable source of revenue.
🔍 Why did Riot change direction?
Bitcoin mining difficulty hits record high, causing financial hardship for miners.
Revenue from mining hardware has plummeted, to around $10.40 per day for a typical #asic machine.
🔍 Why did Riot change direction?
Bitcoin mining difficulty hits record high, causing financial hardship for miners.
Revenue from mining hardware has plummeted, to around $10.40 per day for a typical #asic machine.
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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
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
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Australia Compares Bitcoin to 'Prison Money', Sparking Controversy Over Crypto Regulation
In a recent meeting, Rhys Bollen, head of the digital assets division of the Australian Securities and Investments Commission (#ASIC ) made a controversial comparison, calling Bitcoin "like tobacco used as currency in prison." This statement came as ASIC is discussing the application of the Non-Cash Payment Facility (NCP) law to digital assets, provoking strong reactions from the crypto community.
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Bitcoin vs Litecoin: What are the differences?
What is Bitcoin (BTC)?
#Bitcoin is the very first cryptocurrency introduced in 2009 by an anonymous person known as Satoshi Nakamoto. It uses a decentralized ledger system called blockchain to manage and record transactions without the need for a central authority or intermediary like a bank or government.$BTC
#Bitcoin is the very first cryptocurrency introduced in 2009 by an anonymous person known as Satoshi Nakamoto. It uses a decentralized ledger system called blockchain to manage and record transactions without the need for a central authority or intermediary like a bank or government.$BTC
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