{"id":341605,"date":"2021-09-16T20:11:58","date_gmt":"2021-09-16T17:11:58","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/china-cracking-down-on-crypto-mines-disguised-as-data-centers\/"},"modified":"2021-09-16T20:11:58","modified_gmt":"2021-09-16T17:11:58","slug":"china-cracking-down-on-crypto-mines-disguised-as-data-centers","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/china-cracking-down-on-crypto-mines-disguised-as-data-centers\/","title":{"rendered":"#China cracking down on crypto mines disguised as data centers"},"content":{"rendered":"<p>&#8220;<strong>#China cracking down on crypto mines disguised as data centers<\/strong>&#8221;<\/p>\n<div>\n<aside class=\"single__inline-module alignleft\">\n        <\/aside>\n<p>China is ramping up its hunt for illegal cryptocurrency miners, who are trying to disguise their operations as research institutions and data centers, according to a new report.<\/p>\n<p>Authorities in several provinces have conducted more intense inspections of colleges, research labs, data centers and other potential sites that could be hiding crypto mines, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-09-16\/china-said-to-intensify-hunt-for-cryptocurrency-miners-in-hiding?srnd=technology-vp\">Bloomberg reported<\/a> Wednesday.\u00a0<\/p>\n<p>China\u2019s government has framed its ongoing crackdown on crypto as an effort to reduce the country\u2019s carbon emissions. The recent escalation is in part due to authorities\u2019 concerns about power supplies ahead of cold winter weather, according to the report.\u00a0<\/p>\n<p>Some Chinese crypto mining tycoons have fled the country for Kazakhstan, Canada, the state of Texas and other areas with cheap power and friendlier laws. Other crypto users have been locked up on fraud and money laundering charges.<\/p>\n<p>But crypto miners who remain in China have become increasingly resourceful in evading authorities, according to Bloomberg.<\/p>\n<figure class=\"wp-block-image size-large is-style-default\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/09\/crypto-mining-91.jpg?quality=90&amp;strip=all&amp;w=1024\" alt=\"Authorities in several provinces have conducted more intense inspections of colleges, research labs, data centers and other potential sites that could be hiding crypto mines.\" class=\"wp-image-19475861\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/09\/crypto-mining-91.jpg?quality=90&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/09\/crypto-mining-91.jpg?quality=90&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/09\/crypto-mining-91.jpg?quality=90&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Authorities in several provinces have conducted more intense inspections of colleges, research labs, data centers and other potential sites that could be hiding crypto mines.<\/figcaption><figcaption><span class=\"credit\">REUTERS<\/span><\/figcaption><\/figure>\n<p>One unnamed miner told the outlet that he regularly moves his mining rigs between locations to make his activity harder for authorities to trace.\u00a0<\/p>\n<p>In a Wednesday <a rel=\"nofollow noopener\" target=\"_blank\" href=\"http:\/\/www.caheb.gov.cn\/system\/2021\/09\/15\/030115584.shtml\">statement<\/a>, authorities in the Chinese province of Hebei urged companies to \u201cstrictly prevent the use of system computing power to engage in illegal virtual currency mining.\u201d\u00a0<\/p>\n<aside class=\"single__inline-module alignright\">\n    <\/aside>\n<p>\u201cVirtual currency mining consumes huge energy, which runs counter to my country\u2019s goal of \u2018carbon neutrality and carbon peak,\u2019\u201d government groups in the province said.\u00a0\u201cIts proliferation and spread will seriously affect economic and <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">social<\/a> development and directly threaten national security.\u201d\u00a0<\/p>\n<p>China had been responsible for about 46 percent of crypto mining around the globe before the government\u2019s crackdown, which began around May of this year and helped send bitcoin\u2019s price tumbling from its April peak of about $65,000 to less than $33,000 by June.<\/p>\n<p>But bitcoin has somewhat recovered since June, trading higher than $52,000 in early September.\u00a0<\/p>\n<p>Bitcoin was trading at about $48,075 around mid-day on Thursday.\u00a0\n                        <\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2021\/09\/16\/china-cracking-down-on-crypto-mines-disguised-as-data-centers\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;#China cracking down on crypto mines disguised as data centers&#8221; China is ramping up its hunt for illegal cryptocurrency miners, who are trying to disguise their operations as research institutions and data centers, according to a new report. Authorities in several provinces have conducted more intense inspections of colleges, research labs, data centers and other&#8230;<\/p>\n","protected":false},"author":1,"featured_media":341606,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/09\/crypto-mining-92.jpg?quality=90&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[74862,116043,4973,4998,76127],"class_list":["post-341605","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-9-16-21","tag-china","tag-crime","tag-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/341605","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=341605"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/341605\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/341606"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=341605"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=341605"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=341605"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}