China Bans Mining? Pfff”¦ Malaysia Crushes the Hardware With a Steamroller! By DailyCoin – Investing.com

china mining pfff malaysia hardware
Middle East

China Bans Mining? Pfff”¦ Malaysia Crushes the Hardware With a Steamroller! By DailyCoin – Investing.com

China Bans Mining? Pfff… Malaysia Crushes the Hardware With a Steamroller! Chinese authorities have not abandoned blockchain technology despite the harsh crackdown on cryptocurrencies. Reports indicate Malaysian miners have been stealing energy to dig out digital gold. Cryptocurrencies in China have become non grata entities regardless of their associations. The crackdown on cryptocurrencies is overwhelming much of the media space as market sentiment remains below the threshold of 25 on the Fear and Greed Index. The price of Bitcoin is descending without much volume and positive momentum to gather it back up. Cryptocurrencies exist because of blockchain, and while the interlink is rarely discussed, blockchain still holds intrinsic value for any entity or country vested in it. Expanding on the subject of crypto becomes more restrictive as countries that curbed crypto’s growth continue to enforce stricter rules. Malaysia Has No Love For “Dirty” Bitcoin In a new video release, Malaysian police are reportedly crushing 1,069 ASIC miners using a steamroller. The market value of the digital-gold digging machines amounts to $1.25 million after authorities seized them during an electricity theft investigation. A Malaysian news outlet report indicates that the ASIC miners dispatched occurred in the city of Miri in the…