7000 Bitcoin Mining Seize by Chinese Authorities

Chinese authorities in the city of Tangshan has seized almost 7,000 bitcoin mining rigs is allegedly used stolen electricity to power the operation. 72 Cloud Token operators were also arrested by the police force for operating a multi-level Ponzi scheme in the city of Taiyuan, Shanxi. It is reported that a province in Sichuan is operating approximately 54% of the total global hash rate.

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