The People’s Court of Chongning District (Shanghai City) brought defendant Zhu to trial for illegally working 25 computer systems to exploit electronic money. Zhu’s conduct was to consider benefit of his place as a network servicing employee to set up graphics cards, mining computer software, remote controls, and so forth. into the consumer computer systems that Zhu was assigned to preserve.
Zhu concurrently managed 25 distinct computer systems to mine Ethereum for an unlawful revenue of sixteen,000 yuan. Zhu also supplied mining computer software to a colleague and instructed him to use the identical process to management 25 distinct computer systems to illegally revenue from cryptocurrency mining. The court sentenced Zhu to eleven months in prison as nicely as five,000 yuan for illegally working a pc information and facts program.
In 2021, China made the decision to ban virtual currency mining since it believes that this exercise consumes large power and carbon. This ban led to an exodus of crypto miners out of China and sent the marketplace downtrend for various months.
