Category: Crypto-Mining

Chinese filecoin mining firm Shenzhen Shikongyun Technology charged with running an pyramid schemeC
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August 17, 2023

Chinese Crypto Mining Firm Charged With Running A Pyramid Scheme!

Four executives from Shenzhen Shikongyun Technology, a Filecoin mining company, have been charged with criminal offenses in Guangxi for orchestrating a pyramid scheme that enticed almost 100,000 individuals with promises of high returns, amassing over $83 million. While Hong Kong is actively striving to establish itself as a hub for virtual assets, mainland China remains unwavering in its crackdown on crypto-related activities.
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US crypot miners and their energy consumptionW
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April 10, 2023

Worthwhile Reading: NYT Explains The Power Consumption Of The U.S. Crypto Miners!

Until June 2021, most Bitcoin mining was in China. Then the country banned crypto mining, at least for a time, citing their power, among other reasons. The U. S. quickly became the industry’s new global leader in crypto mining. The NYT published an interesting report yesterday on the energy needs of U.S. crypto mining companies. U.S. crypto miners consume more than 3,900 megawatts of electricity or as much as all New York City residences.
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U.S. crypto miner face bankruptcy waveE
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November 23, 2022

End Game: Collapsed Bitcoin And High Energy Prices Threaten To Kill U.S. Crypto Miners!

The liquidity crisis in the crypto segment continues to spread. It looks like hardly any crypto exchange, broker, or lender will emerge unscathed from the bankruptcy tsunami. This also applies to Bitcoin miners who sell their Bitcoins almost as fast as they mine. Bitcoin miners are selling their coins at record levels, last seen in 2016. Most big mining players in the U.S face severe financial pressure, and some have already filed for bankruptcy. It seems to be the endgame!
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March 11, 2019

Miner One! Another ICO Founder Arrested!

Miner One, Failed ICO or Blatant Fraud? Part II Last week Pranas Slusny, Founder of Miner One, another promising mining company who did a successful..
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February 6, 2019

Miner One, Failed ICO or Blatant Fraud?

With Envion still battling it out in courts, Miner One the next crypto-mining scandal on the horizon? Miner One, is a cryptomining startup operating in..
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January 19, 2019

Giga Watt – Another Crypto Winter Insolvency In Mining

The so-called Crypto winter is here to stay it seems. The bearish crypto market cycle started roughly 12 months ago after the all-time peak in..
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January 3, 2019

Proof Of Key Day Or How To Celebrate The Tenth Anniversary Of The Genesis Block.

Back on January 3, 2009, the first block (the so-called genesis block) was mined on the bitcoin blockchain. By coding the headline of The Times..
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December 24, 2018

Crypto MLM NEXUS GLOBAL – Update On A HYIP Ponzi Scheme

A few days ago, the new NEXUS GLOBAL presentation was shared on Facebook. Reading through it, we found some interesting information. Purportedly, NEXUS GLOBAL is..
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December 18, 2018

Why We Anticipate A Wave of Crypto Mining Insolvencies!

The crypto hype 2017 produced thousands of crypto mining startups resp. crypto mining projects worldwide. Ever increasing prices of cryptocurrencies have made their  business models..
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December 2, 2018

GERMAN BAFIN ISSUES INVESTOR WARNING AGAINST GERMAN CRYPTO SCHEME PLATINCOIN

The German financial market supervisory authority BaFin has issued an investor warning against PLATINCOIN (www.platincoin.com). BaFin’s statement points out that PLATIN GENESIS DMMC, which is..
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November 23, 2018

CRYPTO-MLM OMNIA TECH SUSPENDS CRYPTO-MINING ACTIVITIES

We have reported several times in the past weeks that crypto-mining is currently not profitable due to the low crypto-prices and the still rather high..
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