Chinese miners continue to mine cryptocurrency

Despite the ban on mining in China, many miners continue to mine bitcoin and other cryptocurrencies. This became known from the analysis conducted by Qihoo 360.

The report indicates that Chinese mining farms are operating despite the ban on transactions with cryptocurrencies and the extraction of blocks of digital assets. They access the Internet using a VPN, and law enforcement has now found at least 109,000 compromised IP addresses.

The search for violators is carried out on the basis of increased energy consumption. The Chinese authorities have ordered energy distribution companies to monitor the facts of excessive consumption of electricity. Such subscribers are subject to surveillance and scrutiny.

Despite this, many mining farms continue to operate. According to experts, they receive energy from different sources. This allows you to hide the fact of excessive energy consumption. Also in demand is electricity produced independently by means of hydroelectric power plants.

We will follow the development of the situation. Read our news and subscribe to social networks. You can also start mining cryptocurrency using Hive OS service.

Subscribe to our  TelegramTwitter  and  Facebook  to be the first to know about cryptocurrency news!

Coin Shark is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. This article is for informational purposes, prepared on the basis of materials and information from open sources. Cryptocurrency is a high-risk asset, investments in it can lead to losses. Readers should do their own research before taking any action.