Asia tops digital currency adoption; Thailand seizes BTC miners

Quick Summary:

A report has placed Asia as the leading continent for global digital currency adoption; meanwhile, Thai police have confirmed the seizure of 996 mining rigs from a BTC mining operation.

The post Asia tops digital currency adoption; Thailand seizes BTC miners appeared first on CoinGeek.

Theskhan noted that during the day, the operator used official power meters for operations but switched to “modified” meters for mining at night to circumvent random inspections from officials.

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Article Details

Author / Journalist: Wahid Pessarlay

Category: Crypto

Markets: CanadaBruneiEl SalvadorHong KongIndiaIndonesiaSouth KoreaMalaysiaPakistanPhilippinesSingaporeThailandVietnam

Topics: Montree Theskhan Web 3.0 Foresight Ventures Asia Electricity Business JIT Block Reward Mining Forest Bai

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-17 @ 06:00:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: coingeek.com

Language: English

Article Length: 993 words

Reading Time: 6 minutes read

Sentences: 42 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGeek

News ID: 25213352

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