Chinese-backed Bitcoin mining in the US sparks national security worries
The post Chinese-backed Bitcoin mining in the US sparks national security worries appeared on BitcoinEthereumNews.com. To safeguard national security interests, U.S. authorities have been closely monitoring certain cryptocurrency mining operations linked to China. Recent reports indicate that some Bitcoin data centers within the United States have direct connections to the Chinese government, sparking heightened concerns. This surveillance has raised questions about the proximity of such operations to military facilities and other national security-related locations. Among the mining operations under surveillance, one site in Wyoming has come under the spotlight. This particular mining operation, located near a Microsoft data center that plays a role in supporting the Pentagon’s operations, has drawn attention from U.S. authorities. While Microsoft has not observed any direct indications of malicious activities by this mining entity, the presence of industrial-scale crypto mining activities alongside unidentified Chinese nationals near a Microsoft data center and a strategic missile base in the U.S. has prompted concerns regarding potential security risks. Bit Origin, the company behind this mining operation, transformed a former pork processing facility into a cryptocurrency data center. The decision to establish the operation in Wyoming was primarily motivated by an agreement with local utility providers, rather than its proximity to the Microsoft facility. Bit Origin had relocated its operations from Indiana to Wyoming in September and reported deploying 3,200 miners with a hash rate of 320 Peta hash per second. The situation highlights the potential ramifications of having cryptocurrency mining operations associated with the Chinese government or Chinese nationals in proximity to critical U.S. infrastructure. These concerns have arisen in the backdrop of political tensions between the United States and China. China imposed a ban on cryptocurrency mining activities, resulting in numerous mining companies relocating to the United States and crypto-friendly jurisdictions such as Texas and Wyoming. Chinese crypto migration fuels US national security concerns U.S. authorities have increasingly focused on individuals and…
The post Chinese-backed Bitcoin mining in the US sparks national security worries appeared on BitcoinEthereumNews.com.
To safeguard national security interests, U.S. authorities have been closely monitoring certain cryptocurrency mining operations linked to China. Recent reports indicate that some Bitcoin data centers within the United States have direct connections to the Chinese government, sparking heightened concerns. This surveillance has raised questions about the proximity of such operations to military facilities and other national security-related locations. Among the mining operations under surveillance, one site in Wyoming has come under the spotlight. This particular mining operation, located near a Microsoft data center that plays a role in supporting the Pentagon’s operations, has drawn attention from U.S. authorities. While Microsoft has not observed any direct indications of malicious activities by this mining entity, the presence of industrial-scale crypto mining activities alongside unidentified Chinese nationals near a Microsoft data center and a strategic missile base in the U.S. has prompted concerns regarding potential security risks. Bit Origin, the company behind this mining operation, transformed a former pork processing facility into a cryptocurrency data center. The decision to establish the operation in Wyoming was primarily motivated by an agreement with local utility providers, rather than its proximity to the Microsoft facility. Bit Origin had relocated its operations from Indiana to Wyoming in September and reported deploying 3,200 miners with a hash rate of 320 Peta hash per second. The situation highlights the potential ramifications of having cryptocurrency mining operations associated with the Chinese government or Chinese nationals in proximity to critical U.S. infrastructure. These concerns have arisen in the backdrop of political tensions between the United States and China. China imposed a ban on cryptocurrency mining activities, resulting in numerous mining companies relocating to the United States and crypto-friendly jurisdictions such as Texas and Wyoming. Chinese crypto migration fuels US national security concerns U.S. authorities have increasingly focused on individuals and…
What's Your Reaction?
