GMO Internet to Report on BTC Mining Increase

Additionally GMO completely stopped mining Bitcoin Cash; in November 2017, it mined 400 BCH coins
09 January 2019   302

Japanese IT giant GMO Internet Group has published a report, which reported an increase in the number of BTC companies.

The company also confirmed information about the termination of the production of its own equipment due to significant financial losses. In addition, GMO confirmed plans to transfer mining capacities to regions with cheap energy prices and the possibility of switching to alternative energy sources.

During last December GMO mined 960 BTC. This is almost a third more than in November 2018. Also, this indicator is 45 times higher than the volume of extracted bitcoins during December 2017, when the company was just starting the mining business.

On the other hand, GMO completely stopped mining Bitcoin Cash (BCH). Note that in November 2017, the company mined 400 coins of this fork of Bitcoin.

Last December, the GMO mining hashrate was 670 PH / s, which is 30 times more than a year ago.

The company also announced that it will now provide reports quarterly.

Iceland Farm Thief to be Sentenced to 4.5 Years

He was able to escape to Amsterdam in April 2018, using prison's window
22 January 2019   88

Icelandic Sindri Tor Stefansson, who was previously charged with theft of bitcoin mining equipment for more than $ 2 million, was sentenced to 4.5 years in prison. Six of his accomplices also received various prison sentences. This is reported by local media.

In addition, convicts will have to pay more than $ 200,000 in compensation in favor of the affected mining company Advania.

In March 2018, Stefansson and his accomplices committed one of the largest robberies in Iceland's history, stealing more than 600 full-featured mining farms from Bitmain.

Police detained the robbers in the same month. However, in April, Sindri Thor Stefansson managed to escape from Icelandic prison and flew to Stockholm and then to Amsterdam, using cell phone and fake ID.

Less than a week later, police detained Stefansson in Amsterdam, after which he was extradited to Iceland, where he was brought to justice.