Crypto News

ANDE Engineers Allegedly Involved in Illegal Bitcoin Mining Bitcoin (BTC) and other cryptocurrencies have been making headlines in recent years, but not always for the right reasons. In Paraguay, it has been revealed that employees of the country's National Power Administration (ANDE) have been involved in illegal Bitcoin mining operations. What is Bitcoin Mining? Bitcoin mining is the process of adding new transactions to the blockchain, the public ledger that records all Bitcoin transactions. Miners use powerful computers to solve complex mathematical algorithms and verify transactions. In return, they are rewarded with newly created Bitcoins. The Baffling Connection to ANDE It might seem strange that engineers from a government institution would be involved in illegal Bitcoin mining. However, the ANDE employees allegedly used the institution's resources to set up and run the mining farms. This includes using the institution's electricity and internet connection...