🚨 Russia Moves to Criminalize Illegal Crypto Mining 🚨

Russia's financial watchdog is pushing for criminal charges against illegal cryptocurrency mining, linking it to money laundering risks.

A draft law—prepared with the Ministry of Finance and Central Bank—has already gained backing from key policy groups like the Civic Chamber.

🗣️ Deputy Director German Neglyad: "Crypto must not become a tool for illegal finance."

Also weighing in, Federation Council's Nikolai Zhuravlev stressed the importance of proactive legislation to protect the financial system. Meanwhile, Osman Kabaloev of the MoF confirmed plans to introduce both administrative fines and criminal liability to crack down on abuse of low-cost energy for mining and illicit fund transfers.

🔍 The message is clear: crypto innovation must go hand-in-hand with regulation.

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📉 Bitcoin Mining Profitability Hits an All-Time Low… But Not Everyone's Hurting 🚨

The bottom has fallen out of Bitcoin mining profitability — we're talking historic lows. Soaring energy costs, brutal competition, and the post-halving squeeze have miners on edge.

👉 Tap the link to read more and stay ahead of the curve.
https://www.forbes.com/sit...

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🚨 BREAKING 🚨

📢 Bitcoin mining crosses 52.4% sustainable energy – officially meeting Tesla’s clean energy requirement.

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JUST IN: 🇺🇸 Financial Firm Jefferies analysts say, “China and Russia are encouraging more domestic #bitcoin Mining.” 👀

Bitcoin Wallet

https://bitcoin.org/

-What is Bitcoin?
Bitcoin was the first decentralized digital currency based on the blockchain technology. It was created in 2008 by an anonymous programmer known as Satoshi Nakamoto, who released the white paper in a cryptography mailing list and later open sourced the software that implements the protocol.

-How does Bitcoin work & where can I get a bitcoin wallet?
Bitcoin is software that runs on a number of distributed devices ranging from smartphones as mobile wallets, PCs as desktop wallets, to ASIC for mining. Transactions are relayed between nodes in a peer-to-peer fashion. In a few seconds a given block will be propagated to all other nodes on the network. While insuring that all nodes reach consensus on which are the valid blocks. The process of supplying new coins in the system is done via the process of mining. The mining software runs on specialized hardware and it tries to compute the hash of assembled transaction and a number called the nonce.

-What are the features of Bitcoin?
Store Of Value
Bitcoin, unlike other cryptocurrencies is considered as a store of value and is said to be the next global reserve currency in years to come.

-Gateway To Digital Currency World
Bitcoin is considered as gateway to the cryptocurrencies world, based on its based status being the originator and first successful experiment on digital currency.

-Bitcoin Script Language
An assembly like language used to build complex types of transactions and advanced contracts to an extent. Complex transactions like Multi-Sig are possi

LATEST: Pakistan is looking to allocate surplus electricity to Bitcoin mining and AI data centers, according to its head of crypto council Bilal bin Saqib.

🔴 Crypto Crash Triggered by Trump’s 104% Tariffs on China?!

🇺🇸 The White House has confirmed the implementation of 104% tariffs on China, which appears to have triggered a significant downturn in the crypto market. After briefly spiking to $79,000, Bitcoin dropped to $76,000, leading to $300M in liquidations across the crypto space.

🇨🇳
These tariffs could heavily impact the markets, especially publicly traded crypto-related companies. For example, MicroStrategy’s stock has dropped over 11%, while #coinbase , Robinhood, and major Bitcoin mining firms have seen declines of around 5%. This might just be the beginning of further downside.
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The SealMiner A2 Pro Hyd calculates 500,000,000,000,000 hashes per second.

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This trailblazer just made HISTORY by becoming the FIRST human to purchase and command a space mission exploring EARTH'S POLES!

But that's not all! Chun's impressive resume includes:

Founding the FIRST Bitcoin mining pool in CHINA, still one of the world's largest to this day!

And to top it off, he made a killing in the early days of Bitcoin, investing when it was worth just $1!

Talk about a cosmic comeback story! Who knows what's next for this space pioneer?

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Bitcoin Network Hashrate Rises Amid Price Decline

The graph below illustrates the remarkable volatility in Bitcoin's computational power, with hash rate fluctuating between 753 and 886 million TH/s throughout March. Despite this volatility, miners have maintained strong network participation, with the current hash rate reaching 811 EH/s

Mining Economics Analysis:
Our calculations reveal the significant financial pressures miners are facing:

1. Revenue per TH/s dropped from $0.0519 to $0.0467 (-10%) following the price decline.
2. Network-wide daily power costs exceed $33.7 billion
3. Despite these costs, miners maintain operations, suggesting confidence in future returns.
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🚨 ALERT:
California has witnessed a dramatic surge in cryptocurrency and AI-related scams during 2024, with regulators identifying seven new types of fraud and recording substantial financial losses. Here's a comprehensive breakdown of the situation:

- 2,668 total complaints filed in 2024
- 42 crypto scam websites shut down by California DOJ
- $6.5 million total losses identified
- Average loss per victim: $146,306

New Types of Scams Identified:

1. Fake Bitcoin Mining Schemes
- Fraudulent investment opportunities in mining operations
- Promise unusually high returns

2. Crypto Gaming Fraud
- Users tricked into depositing funds
- Wallets drained immediately after deposits

3. Cryptocurrency Job Scams
- Require victims to transfer cryptocurrency
- Demand sensitive personal information

4. Private Key Theft
- Executed through fake airdrops
- Results in immediate asset theft

5. AI Investment Scams
- Offer unusually high returns
- Target AI market enthusiasm

Regulatory Response:

1. California Department of Justice (DOJ):
- Successfully dismantled 42 fraudulent websites
- Recovered $6.5 million in stolen funds

2. Department of Financial Protection and Innovation (DFPI):
- Shut down 26 fraudulent sites
- Uncovered $4.6 million in losses

Warning Signs of Scams:

Be cautious of websites featuring-
- Promises of unusually high returns
- No contact information available
- Offers of signup prizes

Crypto Scam Tracker:
https://dfpi.ca.gov/cons

JUST IN: Belarus President Lukasheko orders his energy minister to begin mining cryptocurrency.

"If it is profitable for us, let’s do it. We have excess electricity. Let them make this cryptocurrency and so on."
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Quantum Computing and Bitcoin Mining: Summary
Connection
Quantum computing can process information exponentially faster than classical computing, potentially transforming Bitcoin mining, which relies on solving complex mathematical problems.

Potential Advantages
Improved Efficiency: Quantum computers can solve hashing problems much quicker, enhancing mining efficiency.
Reduced Energy Consumption: They could lower the energy required for mining, making it more environmentally friendly.
Enhanced Security: New post-quantum encryption methods will be needed to counteract quantum threats, improving transaction security.
Decentralized Mining: Widespread quantum computing could make mining more accessible and decentralized, reducing the concentration of mining power in large server farms.
Conclusion
Quantum computing could revolutionize Bitcoin mining by boosting efficiency, reducing energy use, and enhancing security, while also posing new challenges.

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