The world’s largest bitcoin mining operation is shutting down – Bitcoin.com
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Posted by Crypto Coins on June 29, 2017 10:17:46As we all know by now, the cryptocurrency market has seen a tremendous amount of activity in the last few weeks, and in the past few days there has been a flurry of announcements from companies and individuals regarding the closing of their bitcoin mining operations.
In addition to that, it is being reported that a large mining operation called The Pirate Bay will be shutting down as of tomorrow (June 30, 2017).
The announcement from The Pirate, who are currently owned by the US-based BitTorrent copyright group and known for the creation of BitTorrent, is a major blow to the entire industry.
The site has been the source of a lot of controversy in recent months, and while it’s likely that many of its users are still downloading torrents from the site, they may have also been the first to notice that the site is not operating normally.
It’s possible that The Pirate’s closure could be a result of a new legal agreement between the company and its operators, or a related dispute.
Regardless, the decision is likely to be a huge blow to those who use the site.
If The Pirate had not been a major player in the cryptocurrency world for quite some time, it would have been easy to assume that the closure was unrelated to a pending lawsuit that is currently pending against them.
The issue has been around for a long time, but the latest developments seem to show that the company has had a legal dispute with one of its operators for quite a while now.
The company’s legal situation has been ongoing for quite sometime, and a number of companies and members of the community have made statements on the matter.
The most recent being the announcement from a company called Bitcoin.org, which states that the legal proceedings are unrelated to the closure of The Pirate bay.
As we know by this point, it was not a surprise to anyone that the shutdown was related to a recent lawsuit that was brought by BitTorrent.org.
However, it wasn’t until the last couple of weeks that the news finally broke that it had actually happened.
The announcement was made in an email from BitTorrent CEO Sean Dorsey to members of his email list, and it was received in full-force.
“As you know, we are facing a major legal dispute from one of our operators.
BitTorrent has been operating on the Pirate Bay for many years, and we have no plans to change this,” he wrote.
“I have personally and professionally been negotiating with this operator and am very confident that we will resolve this dispute with him and his lawyers, and hope that he will fully cooperate in any future litigation.
I know that you have been hearing a lot about the closure, and I’m not exaggerating when I say it will be very upsetting to the many people who have used The Pirate as a place to download content for free.
I’ve heard some stories about torrents being blocked on The Pirate from people who had to resort to the Piratebay as a way to access content.
If you’re still downloading pirated content today, please contact your local ISP and request that they block The Piratebay.
This is not a criminal matter and is not going to be covered by any kind of criminal statute.
If any further legal action is needed to resolve this, I’m sure that I can be of some assistance.”
The email also stated that The Piratebay is currently working with law enforcement to provide information on what happened to the site as well as provide support to the operators involved.
The company also said that the operators of The Piratedb, the site’s “biggest repository” of files, would be contacting The PirateBay’s legal department.
“As a matter of principle, we do not comment on any litigation that is ongoing between any two parties.
This particular lawsuit is not related to the BitTorrent lawsuit, and BitTorrent will be reaching out to The Pirate for any additional information they may need to support this issue,” the email read.”
This lawsuit is unrelated to any pending legal action.
BitFunder is working with The Pirate to provide support for our users and our customers.
BitGunder is also working with them to provide any information they might need to resolve the issue.”
The legal action against The Pirate has been going on for a number years, but it was only recently that it became the subject of a massive lawsuit.
The original lawsuit was filed in 2014, and according to the lawsuit, the defendants’ business practices are “particularly egregious” and “unconscionable.”
It is not known what the status of the case is at the moment, and this could mean that The Pirates closure could not be directly related to that lawsuit.
It is also not known how many of the company’s customers have lost their ability to access the site after being banned from the network due to the illegal activity.
However, the closure does have some implications for
Posted by Crypto Coins on June 29, 2017 10:17:46As we all know by now, the cryptocurrency market has seen a…
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