By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
bitcoin
Bitcoin (BTC) $ 92,674.83
ethereum
Ethereum (ETH) $ 3,321.81
xrp
XRP (XRP) $ 2.09
tether
Tether (USDT) $ 1.00
solana
Wrapped SOL (SOL) $ 139.06
bnb
BNB (BNB) $ 893.82
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.146741
cardano
Cardano (ADA) $ 0.463163
staked-ether
Lido Staked Ether (STETH) $ 3,319.86
tron
TRON (TRX) $ 0.279918
chainlink
Chainlink (LINK) $ 14.19
avalanche-2
Avalanche (AVAX) $ 14.61
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 92,564.80
wrapped-steth
Wrapped stETH (WSTETH) $ 4,054.09
the-open-network
Toncoin (TON) $ 1.64
stellar
Stellar (XLM) $ 0.251797
hedera-hashgraph
Hedera (HBAR) $ 0.136872
sui
Sui (SUI) $ 1.63
shiba-inu
Shiba Inu (SHIB) $ 0.000009
weth
WETH (WETH) $ 3,320.62
leo-token
LEO Token (LEO) $ 9.55
polkadot
Polkadot (DOT) $ 2.23
litecoin
Litecoin (LTC) $ 84.49
bitget-token
Bitget Token (BGB) $ 3.60
bitcoin-cash
Bitcoin Cash (BCH) $ 567.27
hyperliquid
Hyperliquid (HYPE) $ 28.77
usds
USDS (USDS) $ 1.00
uniswap
Uniswap (UNI) $ 5.64
cryptoprune cryptoprune
  • MarketCap
  • Crypto Bubbles
  • Multi Currency
  • Evaluation
  • Home
  • News
  • Crypto
    • Altcoins
    • Bitcoin
    • Blockchain
    • Cardano
    • Ethereum
    • NFT
    • Solana
  • Market
  • Mining
  • Exchange
  • Regulation
  • Metaverse
Crypto PruneCrypto Prune
  • Home
  • News
  • Crypto
    • Altcoins
    • Bitcoin
    • Blockchain
    • Cardano
    • Ethereum
    • NFT
    • Solana
  • Market
  • Mining
  • Exchange
  • Regulation
  • Metaverse

Search

  • Home
  • News
  • Crypto
    • Altcoins
    • Bitcoin
    • Blockchain
    • Cardano
    • Ethereum
    • NFT
    • Solana
  • Market
  • Mining
  • Exchange
  • Regulation
  • Metaverse

Latest Stories

30 million euros for jumps in Europe
USDT receives key license in Abu Dhabi
image
Bitcoin exchange Binance announces network upgrade and hard fork support for this altcoin! Click here for details
China's $71 billion treasury dump reveals critical gap between Bitcoin story and central banking reality
China’s $71 billion treasury dump reveals critical gap between Bitcoin story and central banking reality
Bitcoin
Popular Crypto Analyst Reveals New Bitcoin Price Target, Moves Community
image
NFT sales modest at $77 million, Ethereum NFT sales down 13%
© 2025 All Rights reserved | Powered by Crypto Prune
Crypto Prune > Mining > Chinese crypto billionaire blames 200 cats for losing millions of dollars
Mining

Chinese crypto billionaire blames 200 cats for losing millions of dollars

1 week ago 6 Min Read

A Chinese cryptocurrency entrepreneur in Inner Mongolia reportedly lost millions of dollars when nearly 200 stray cats, seeking the warmth emanating from video card mining, ruined equipment in his workshop.

The cats were found cuddling inside a private mining facility in Inner Mongolia, according to the Storytime Facebook page.

Employees told reporters that the stray cats appeared near the facility during the cold season in early October, seeking shelter and heat from working mining equipment. Within weeks, the cat population had grown to around 200, turning the cryptocurrency mining center into an unintentional cat sanctuary.

Every time the animal slept on the machine, it taxed the graphics card’s output. This reduced hash rates and required expensive hardware upgrades.

“While cute and touching, these ‘beds’ cost literally millions of dollars,” one employee told Storytime, explaining that the presence of the animals caused overheating.

The mining rig has been turned into a cat shelter.

The farm’s owner, described by the workers as a lifelong animal lover, decided to take them in. “Fortunately, the man who owns these machines is a cat lover,” one employee said. “He purchased over 200 heating mats and we were instructed to place them in a separate room for the cats.”

An improvised shelter was set up adjacent to the main mining hole, complete with insulated walls and bedding to keep the cats warm. “Cats are the only animals that have disrupted the crypto nonsense because I think it’s so beautiful. It’s the backbone of internet culture,” said one X user.

Finally, a decent way to use cryptocurrency pic.twitter.com/3FMbvj1XUD

— Equine Dentist (@equine__dentist) November 10, 2025

According to Coinwarz statistics, the current mining difficulty of the Bitcoin network is timed. 155.97 trillion hashes per second (155.97 T), so miners have to perform an average of about 155.97 trillion hash calculations to find a block. Each mining rig uses 1.5 to 3.3 kilowatts of electricity, which equates to a heat release of approximately 54 to 82 °C, just the amount of heat required to survive the 0 to 16 °C cold of Inner Mongolia for a few dozen cats.

See also  Hive Digital Reports Bitcoin and HPC drive Hive Digital Reports Record Q1 revenue

Despite the damage, workers say the cats are now well cared for and have become a permanent feature of the site. “The cats are now part of the family. The mining rig may be quiet, but at least they’re warm,” mused one engineer.

Mining in prohibited areas

Cryptocurrency mining has officially started prohibited In Inner Mongolia Autonomous Region in 2021, the region’s Development and Reform Commission declared a crackdown on virtual currency mining and related digital asset operations. The commission said violators could face license revocation and social credit fines if they are found to be participating in or cooperating with mining operations, Reuters reported.

Inner Mongolia was once a world powerhouse in Bitcoin mining, accounting for about 8% of the world’s hashing power at the time, according to the Cambridge Bitcoin Power Consumption Index.

However, the Chinese government’s push for carbon neutrality and financial risk management has led to the introduction of regulations around mainland China and Inner Mongolia. The Chinese government has issued a stern warning to crypto-mining telecommunications and internet companies, with new digital coin projects explicitly banned.

China’s State Council, led by Vice Premier Liu He, vowed to “resolutely prevent and manage financial risks” posed by digital currencies. The Inner Mongolia Autonomous Region responded to the directive by pledging to “clean up” its mining sector to clean up the big data industry.

Bitcoin hacking accusation battle between China and the US

The cat incident occurred against the backdrop of tensions between China and the United States over digital assets and cybersecurity earlier this week. Beijing’s National Computer Virus Emergency Response Center has accused Washington of orchestrating a massive Bitcoin theft from a China-linked mining pool known as LuBian.

See also  Binance Alpha, Binance's research and early investment division, has announced a list of new Altcoins!

According to Chinese officials, quoted According to Cryptopolitan, US state-sponsored hackers allegedly stole 127,272 Bitcoins worth approximately $13 billion from LuBian in December 2020. The agency claimed that the “national-level hacker operation” was the work of the US government, and that US authorities later seized the stolen tokens in a separate money laundering case involving Cambodian businessman Cheng Gyi.

The US Department of Justice has apparently filed a civil forfeiture lawsuit to seize 127,271 Bitcoins, but has refused to explain how it gained control of the tokens.

TAGGED:MiningMining NewsNews
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RELATED NEWS

Coinbase New Goldman? Proripple's lawyer and Cathy Wood explain why yes

Coinbase New Goldman? Proripple’s lawyer and Cathy Wood explain why yes

By Crypto Prune 5 months ago
image

Listing news continues on Korean exchanges! Upbit announces new Altcoin listings! Details are here

By Crypto Prune 4 months ago
image

Binance Announces Momentum (MMT) Airdrop for BNB Holders

By Crypto Prune 3 weeks ago
Bitcoin Minor Clean Spark hits 50 EH/S Hashrate Milestone

Bit Digital Exit BTC Mining focuses solely on ETH staking strategies

By Crypto Prune 5 months ago
cryptoprune

© 2025 All Rights reserved | Powered by Crypto Prune

  • Altcoins
  • Bitcoin
  • Blockchain
  • Cardano
  • Ethereum
  • Exchange
  • Market
  • Metaverse
  • Mining
  • News
  • Crypto
  • NFT
  • Solana
  • Regulation
  • Technology
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms of Service
Welcome Back!

Sign in to your account

Lost your password?