Topic: Is the North Korean government engaging in bitcoin mining? (Read 1251 times)
The North Korean governement surely have a hand in some mining. They are definitely known for stealing and hacking into exchanges and databases so why would they not also take part in mining. They are probably stealing the power to do that as well. Who knows what they are really capable of and what kind of impact they have behind the scenes.
I don't think that North Korean government is involved in Bitcoinm mining, because there are a lot of sanctions on them. Anyway what can they gain by Bitcoin mining? I doubt people od North Korea use it.
In my own opinion on how I see North Korea, I don't think they would even mine for Bitcoin since they have the kind of government that would ban it immediately after being introduced.
I wouldn't be surprised if NoKor is engaging in bitcoin mining. There's so much money involved and to profit from it, and than alone could be the main goal of Kim. Another reason that I can think of is that with bitcoin mining, they can go around with the trade embargo US and the West has on them. They can just exchange the money they profited from mining and help them be self sufficient.
About a month ago, there was news that a group of hackers are targeting South Korean's trading platform to stole. So I'm sure that they are really in bitcoin right now, either mining, and or hacking and stealing. They are desperate, and we all know what a desperate person (nation) will do in order to survived.
About a month ago, there was news that a group of hackers are targeting South Korean's trading platform to stole. So I'm sure that they are really in bitcoin right now, either mining, and or hacking and stealing. They are desperate, and we all know what a desperate person (nation) will do in order to survived.
North Korean Govt have worlds best hackers and they might be holding huge amount of bitcoin also power hunger nation will try to be strong in Crypto space as well
They also printed the 'super dollar' the best counterfieiters on earth,
Thus given their tech, why would they not clone BTC, and crack/hack and solve the NSA puzzle,
Here's the deal NSA - ZOG banking created BTC, and they used it get FRB liquidity out in the world of the $20 Trillion since 2007 only $350 Billion USD went to BTC,
IF&WHEN NK kills BTC, pulls the switch they could seriously destroy the uncle-sam, aunt-zoggie infinity printing press, and of course kill funding of Israel.
No doubt that NK & IRAN are number one enemys on earth of ZOG? WHY cuz they're the only countrys that are NOT owned by goldman-sachs, the same GS that own TRUMP-POTUS.
All the bots here on THIS FORUM are great at the normal ZOG demonization, but only morons buy their narrative.
Hasbara paid college students, send them home. Please.
....
What's the deal? Saudi/Israel OIL is gone, and that means PETRO-DOLLAR is dead, which means no more ZOG-BUCKS for Israel; North-Korea is sitting on oil reserves exceeding saudi, and rare earth minerals that create high-tech some 90% of the world arsenic/gallium is sleeping in NK. Thus all the worlds criminals are salivating on NK.
I dont realy think that NK could do mining bitcoin in first place. North korea was the that no one can do what ever they want to do except for the president even internet i think is very hard to penitrate inside the NK country all the news there was only from local country there is no international news in there country.
Actually, I'm not surprised if they are mining or hacking bitcoins. They gonna use available way (legal and illegal) to fund their rocket and nuclear program, arming their army and others. They have a policy called "military first" that always prioritise military programs than civillian. In light of recent threats, I think NK is storing funds if it wants to go to war. Bitcoin is no exception.
Information recently surfaced that someone in North Korea has started mining bitcoin. According to Recorded Future, a threat intelligence company, on May 17 North Korea initiated a rather large mining operation. Prior to this date, there was minimal bitcoin node activity in the country.
https://news.bitcoin.com/north-korea-begins-bitcoin-mining-operation/
Some people think that north korean governmnet engaging in bitcoin mining.
https://www.youtube.com/watch?v=VCBM51-bbc8
whats your opinion is it dangerous for Bitcoin or good as UN and USA have strong sanctions against NK.
https://news.bitcoin.com/north-korea-begins-bitcoin-mining-operation/
Some people think that north korean governmnet engaging in bitcoin mining.
https://www.youtube.com/watch?v=VCBM51-bbc8
whats your opinion is it dangerous for Bitcoin or good as UN and USA have strong sanctions against NK.
If this is not a fake news then North Korea have the right to join digital currencies specially thru mining because if there ally which is China is known of having huge numbers of bitcoin miners in the whole world therefore as China is communist counter part i believed North Korea will engage in bitcoin too because they will believed that they can earned bitcoin to support their nation with the support of China but i think their earnings will not to benefits their Korean people but just to be use for funding their military and nuclear programs.
I do not think the North Korean government will go in mining of bitcoin. I think the mining in the country is been done by an individual or group of people.
North Korean Govt have worlds best hackers and they might be holding huge amount of bitcoin also power hunger nation will try to be strong in Crypto space as well
Hi,
It can be quite interesting for North Korea to mine bitcoin.. as if it is a governmental decision, they don't have to pay the electricity necessary for the mining..
Is it a threat? I don't think so.
I mean, if the US decide it is bad and they have to act... they may declare bitcoin illegal. And then? People don't use it in real life, so it just means that more people are going to invest in VPN. Nothing to worry about!
And if your issue is rather moral than legal, then tell yourself that using dollars or euros is much worst than using bitcoin. Dollars and euros (amonsgt others) are funding terrorism, slavery, pollution and so on. Bitcoin may also be involved (I don't have the slightest idea) but at least it is not controled by any institution. So what you do with bitcoin is your own business!
It can be quite interesting for North Korea to mine bitcoin.. as if it is a governmental decision, they don't have to pay the electricity necessary for the mining..
Is it a threat? I don't think so.
I mean, if the US decide it is bad and they have to act... they may declare bitcoin illegal. And then? People don't use it in real life, so it just means that more people are going to invest in VPN. Nothing to worry about!
And if your issue is rather moral than legal, then tell yourself that using dollars or euros is much worst than using bitcoin. Dollars and euros (amonsgt others) are funding terrorism, slavery, pollution and so on. Bitcoin may also be involved (I don't have the slightest idea) but at least it is not controled by any institution. So what you do with bitcoin is your own business!
I don't think that it would have massive effect on the trading industry of bitcoin because one reason is North Korea is not one of the most influential but don't get me wrong they are indeed a very powerful country but in terms of the economic and business perspective they are not one of the country which would believe and support against their fight in bitcoin.
The report fails to detail how many nodes and whether its TCP/RPC traffic or mining control or just nodes relaying transactions. I think it is too early to say if NK is mining for coins or just dabbling. The report uses a wiki definition of mining in quotes and is very misleading and lacking in specifics. If they actually mine, I would love to see how quickly they could grow to a PetaHash. And, who knows. Maybe they start a NKpool. Are there any other hostile dictators fostering Bitcoin Mining? I guess there will be many later on, since Banks and their Government Masters keep sanctioning anyone who is said to be dealing with NK. I wonder when that PetaHash day happens if people will care if their Bitcoin had passed through NK. I do not and I welcome additional miners, even from Mars. If KJI of NK sold me a SnoCone, I would still want my change in BTC not a FIAT and then accused of material support. The most obvious reason for attempting to relay transactions in NK for BTC. Someone is buying something.
KJU probably hasn't heard AlphaBay got shut down by the feds." What do you mean my AlphaBay order with Ayatollah666 has been cancelled. I need that pointy thing to put bomb on missile."
The report fails to detail how many nodes and whether its TCP/RPC traffic or mining control or just nodes relaying transactions. I think it is too early to say if NK is mining for coins or just dabbling. The report uses a wiki definition of mining in quotes and is very misleading and lacking in specifics. If they actually mine, I would love to see how quickly they could grow to a PetaHash. And, who knows. Maybe they start a NKpool. Are there any other hostile dictators fostering Bitcoin Mining? I guess there will be many later on, since Banks and their Government Masters keep sanctioning anyone who is said to be dealing with NK. I wonder when that PetaHash day happens if people will care if their Bitcoin had passed through NK. I do not and I welcome additional miners, even from Mars. If KJI of NK sold me a SnoCone, I would still want my change in BTC not a FIAT and then accused of material support. The most obvious reason for attempting to relay transactions in NK for BTC. Someone is buying something.
It is time for the DPRK's internet to become an intranet.
Problem is, the NK hackers work in China.
It is time for the DPRK's internet to become an intranet.
In the grand scheme of things would it really matter if nk were mining they are a country that survive with out us dollars. Anything that happens there is always shrouded in secrecy.
It is said that north korea has started to mine bitcoins from 2017 beginning when north korea faced huge sanctions.There is also a conspiracy theory that north korea has link with ransomware wannacry.
But it is said that some suspicious activities were found in some regions of the regime where lots of computers are expected to operate mining bitcoins.
Already,we read the news that north korean hackers targeted south korean exchanges for stealing bitcoins.
Whether its 100% true or not,but in future north korea may vigorously indulge in mining operations to bye pass US sanctions.
But it is said that some suspicious activities were found in some regions of the regime where lots of computers are expected to operate mining bitcoins.
Already,we read the news that north korean hackers targeted south korean exchanges for stealing bitcoins.
Whether its 100% true or not,but in future north korea may vigorously indulge in mining operations to bye pass US sanctions.
Both side of Korea's are great countries but very specific! If bitcoin are most transferable and are more interchangeability and more popular and used in a lot of country it make huge market place and it make demand and supply = profit. Problem is in specific of this countries but it can allow to North Korea avoid sanctions because USA cannot to control all currently
The country is closed and notopen to the world, i thi k they have the technology to mine,since they can create weapons of mass destruction, however i do not see if they can provide enough power to create mining farms, there is still a possibility they are mining, but in the long run, they may not have that much bitcoin on their hands, unlike other countries.
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