BlockDAG Rides the 2024 Bull Market with Energy-Efficient Miners as Celsius Gets Permission to Mine Bitcoin

In recent cryptocurrency news, Indonesian miners got in trouble for stealing electricity, leading to arrests in a Christmas raid. Celsius Network, facing money problems, changed plans with court approval, shifting to Bitcoin mining and compensating owed funds through a new mining company.

BlockDAG (BDAG) aims to change digital money by making crypto mining easy for everyone and becoming the next crypto to explode. They have a clear plan, offering various ways for users to get involved and earn coins. These events highlight the ongoing changes in the cryptocurrency scene, so let’s dive into the details.

Indonesians Steal to Mine

During Christmas, Indonesian authorities raided ten places in Medan, North Sumatra, where they found 1,314 Bitcoin mining machines and arrested 26 people. These individuals are accused of stealing electricity by connecting to utility poles owned by the state energy company PLN. This reportedly caused about $100,000 in losses to the government over six months.

Even though Indonesia is getting into crypto, it’s not known for much Bitcoin mining. Stealing electricity is a serious crime in Indonesia, and those found guilty could face up to five years in prison or fines twice the value of the stolen electricity. This incident is one of the first of its kind in Indonesia, and PLN officials are pledging to work with authorities on similar cases.

Celsius Shifts to Bitcoin Mining

Celsius Network got permission from the court to change its plans and not work with the Fahrenheit consortium. Instead, the court said they could pursue a different idea – making a new company just for Bitcoin mining. This change happened because the U.S. Securities and Exchange Commission (SEC) disagreed with the first plan.

The new plan means that people who are owed money will get some of it through shares in the new Bitcoin mining company. The court approved this decision because it follows the original plan and doesn’t harm the people who are owed money. Celsius had some financial problems in 2022 and filed for bankruptcy in July. The CEO, Alex Mashinsky, also faced legal issues in July 2023.

BlockDAG Coin’s Clear Plan for Crypto Mining

BlockDAG is a new player in the crypto world, inspired by the success of Kaspa but aiming for even bigger achievements. Its bold promise to launch the mainnet within just six months is a quick move compared to the usual slow pace in the crypto industry. BlockDAG has already raised $1 million in 24 hours of its initial presale batch and aims to reach an impressive $600 million in 2024.

The project plans to improve mobile mining, introduce advanced tools, and create a complete cryptosystem. Their tokenomics, or how they handle their tokens, emphasizes transparency, community support, and long-term success. The team is committed, with their tokens locked up for two years. BlockDAG invites everyone to be part of this journey, promising a clear and strong foundation for the future.

BlockDAG has started crypto mining operations, aiming for user-friendly and energy-efficient experiences. They offer four ways to mine, from a mobile app to powerful machines like BlockDAGx100, letting users earn up to 25,000 BDAG coins daily. BlockDAGis is moving from a test batch to a fully open system for more scalability.

Reshaping The Crypto Landscape

To conclude, recent happenings in the cryptocurrency world, like the issues with Indonesian miners, Celsius Network’s change, and BlockDAG’s new ideas, show that things are always changing. These events point out the problems and chances in the crypto world in Indonesia and around the globe. BlockDAG looks promising in this changing space. They want to make crypto easy for everyone and have a clear plan, commitment, and a unique way of using their tokens.

BlockDAG is an interesting option for investment with its focus on saving energy and different ways to mine, whether on your phone or with powerful machines. As the crypto world keeps shifting quickly, BlockDAG stands out with its honest approach, involving the community and ensuring a safe mining journey, making it an attractive choice for those seeking the next crypto to explode.