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'Belligerent' Crypto Miners Prompt Power Utility to Beef Up Security

'belligerent' crypto miners prompt power utility to beef up security

'Belligerent' Crypto Miners Prompt Power Utility to Beef Up Security

'belligerent' crypto miners prompt power utility to beef up security

A public utility in one of the U.S. hot spots for bitcoin mining is adopting new security measures in light of harassment of some of its employees.

The steps are being taken by the Chelan County Public Utility District (PUD) in Washington County – as previously reported, the area has attracted a number of bitcoin miners because of its abundant access to hydropower sources. Yet “confrontations” between staffers and would-be mine operators, as first reported by The Wenatchee World, has sparked a drive to add new cameras, install security panels and institute other actions.

On Monday, Chelan County PUD director of corporate security Rich Hyatt briefed the district’s commissioners during a meeting, attributing the moves to “belligerent behavior by impatient cryptocurrency miners” who are reacting poorly following a moratorium imposed on new bitcoin mines.

Hyatt explained:

“Some of the things we’re doing internally, we’ve got a lot of business security measures, at [headquarters] we’ve [installed] a lot of security panels, we’ve increased the camera coverage. We’ve also designed and are going into the construction phase for a very small store front lobby that would give employees a lot more security without having personnel or customers being able to walk right into their work area. We’re monitoring those areas.”

He also described new measures being taken to dissuade unauthorized bitcoin miners from setting up facilities, saying his office was making agreements with the chief of police, the county sheriff and the county prosecutor to investigate and potentially prosecute repeat offenders.

“We … have an agreement with those agencies that we could use [them] as the mechanism that when we prepare a case and gather the evidence and establish probable cause, we can take that case through their detectives and that can help the county for prosecution considerations,” he said.

The agency has also trained its personnel on how to deal with potentially hostile people by installing panic buttons for front-line staff and adding security officers able to spot “negative body language,” he said.

Security camera image via Shutterstock

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Published at Thu, 03 May 2018 21:45:15 +0000

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Ethereum Classic Steadily Rises To Surprise Top Ten Crypto Markets

Ethereum Classic has advanced more than any other top ten cryptocurrency to reach almost $25 per coin this weekend.


Ethereum Classic’s Stealth Moon Trip

Data from СoinCap reveals the altcoin had a more successful 48 hours than its peers, including its illustrious sister asset Ethereum.

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The growth comes amid a raft of successful deals which have served to heighten the profile of ETC as ETH increasingly becomes a mainstream cryptocurrency.

The past weeks have seen ETC debut on UK-based trading platform eToro, while major Chinese exchange BTCC announced it would also commence trading the asset directly in response to customer demand.

eToro for its part has attempted to raise the profile of non-bitcoin cryptocoins, launching a public advertising campaign on London’s public transport network inviting city investors to discover Ethereum.

The move was championed by Barry Silbert, owner of a private Ethereum Classic Fund and a major proponent of ETC since its inception.

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Barry Silbert Focuses Attention Away From ETH

Silbert’s quasi-promotional role has manifested itself in various ways as ETC has gained value. From social media support to seeing through Bloomberg’s listing of ETC research on its Bloomberg Terminals portal, the entrepreneur and investor is revered by traders looking to diversify away from ETH.

The Bloomberg move was itself a pioneering one, ETC becoming the first cryptocurrency to have research openly available on Bloomberg Terminals.

Meanwhile, a noticeable lack of practical use cases for ETC is beginning to change. While ETH’s $400 success has come about as a result of the myriad ICO offers launched by Ethereum Blockchain startups, ETC has so far barely entered the niche.

ETC Deployment Is Born

That status quo changed last month when Citizen Ticket began using the asset as part of a Blockchain ticket reservation operation, BitTicket, which aims to stamp out piracy. A dedicated blog post about the move explained:

Citizen Ticket controls the environment that [BitTickets] are traded within. If the rules are broken the fraudulent accounts will be frozen and tickets made invalid. […] All this is done transparently, once and for all dealing with the unethical practices that plaque the event ticketing market.

What Silbert himself suspects is the first ETC-based ICO surfaced this week, meanwhile, in the form of $CORPION’s token sale.

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ETC meanwhile has shown a tendency to follow bitcoin’s price swings note for note, the latter having experienced two major downturns in the past three weeks.

What do you think about Ethereum Classic’s rising popularity? Let us know in the comments below!


Images courtesy of CoinCap, Shutterstock

The post Ethereum Classic Steadily Rises To Surprise Top Ten Crypto Markets appeared first on Bitcoinist.com.

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