Cryptomens have their first official victim. The young man was killed by his own computer, which was using bitcoin

The extraction of cryptocurrencies has become extremely popular, especially in the past year, when bitcoin and other large cryptocurrencies became prominent again. Now, however, it was while bitcoin mining that a young man from Thailand lost his life and was killed by his own computer (and also greed). The death of a 26-year-old man was supposed to cause an electric shock after he wanted to “kick” his computer to extract more cryptocurrencies, informs Daily Mail.

He was killed by his own computer, which was using bitcoin

The tragic scenario was triggered by a broken computer that a young Thai man adapted for bitcoin mining. However, the device suddenly stopped working and this “miner” panicked. He also asked his brother for help repairing the computer, who wanted to go to the technician, but the young man did not want to wait, as he was in a tight spot because he was losing valuable time. The computer tried to repair it himself, but it exploded.

Rig tried to fix the cryptocurrency all night, but eventually shorted it and killed the young bitcoin miner. After this tragic event, his brother revealed that he had been worried about the safety of his sibling during the campaign.

He modified his computer to be able to produce more power, and in his room was a whole tangle of electrical cables connecting the individual components and graphics cards of his mining machine.

The man was found dead in the morning after trying to repair the equipment. His brother found him along with the technician. Police began investigating the case, but an electric shock was determined by medics as a preliminary cause of death. It looks like the death of a young Thai man will officially be the first ever death due to cryptocurrency mining.

Unfortunate cases have taken place in the past

However, other accidents that have occurred in the past are also associated with the extraction of virtual currency. For these purposes, powerful hardware is needed, which also needs efficient cooling. However, this was neglected 3 years ago by a young Russian, whose bit for mining bitcoin overheated and started burning. The fire subsequently destroyed all 8 apartments in the building, he informs The Sun.

DON’T OVERLOOK
INTERVIEW: I mine cryptocurrencies and I only spend € 3,000 on electricity, no need to have big eyes

Due to the high consumption of electricity, the police only recently suspected the cultivation of drugs, where, however, after the intervention, they found computers to extract bitcoin instead of marijuana. It was a bitcoin farm with more than 100 computers that consumed an extreme amount of electricity.

Cryptocurrency mining has become a hot topic

Some time ago, China, in particular, opposed the extraction of cryptocurrencies, and took strong action against the entire cryptomen sector. The country has defended these decisions by claiming that cryptocurrency mining is a threat to the financial system. Regulators have then focused on extracting cryptocurrencies, with an estimated 70% of all activity taking place in China.

Freepik (editorial edit)

Read This Now:   In the Kherson region, the protection of the Kakhovskaya hydroelectric power station has been strengthened

As a result, Chinese miners are gradually moving to countries that have not (yet) introduced such strict regulations. The EU also wants to have operations in the cryptomen market under scrutiny. According to the new proposal European Commission, as reported by the Agency Reuters, companies in charge of transferring cryptocurrencies and other digital assets will have to collect data on senders and recipientsto help the authorities take action against fraudsters.

Countries want a digital alternative to their names

As an alternative to cryptocurrencies, several countries, including China, have begun to see their own digital currencies. The mentioned China already has its digital yuan, which it distributes for free. It is not a “standard” digital currency and it is not entirely easy to compare it with bitcoin or other known cryptocurrencies.

Unlike one of the main features of cryptocurrencies, namely their decentralization, the Chinese currency is fully centralized and is therefore issued by the local central bank. It is the first digital currency issued directly by one of the most important economies in the world.

Freepik (editorial edit)

Read This Now:   The People's Bank of China has denied rumors about the release of state cryptocurrency in November

The EU is also considering its own iteration of the digital yuan, exploring the possibilities of the digital euro. The Governing Council of the ECB has officially launched the research phase of the project, which will last for 2 years. The ECB also stated that the digital euro would not be a substitute, but only a supplement to cash, while maintaining bank accounts in the same way. We talked in detail about the digital euro with expert Juraj Karpiš in our interview.