Tuesday, April 20, 2021
Only Bitcoin Market News
Bitcoin Tax Solutions
  • Home
  • Bitcoin
  • Market
  • Cash
  • Price
  • Beginners
  • Gold
  • Private
  • Cryptos
  • Investors
  • Technical
  • Crash
  • Spam
  • Stock
  • Blockchain
  • Videos
  • Home
  • Bitcoin
  • Market
  • Cash
  • Price
  • Beginners
  • Gold
  • Private
  • Cryptos
  • Investors
  • Technical
  • Crash
  • Spam
  • Stock
  • Blockchain
  • Videos
Only Bitcoin Market News
No Result
View All Result

Satoshi Nakamoto Candidate Paul Le Roux to Start Bitcoin Mining Business After Prison

10 months ago
in Technical
4 min read
Satoshi Nakamoto Candidate Paul Le Roux to Start Bitcoin Mining Business After Prison
Share on FacebookShare on Twitter

Related articles

COIN Stock Price Prediction: Coinbase Global hangs on as bitcoin slumps, technical

COIN Stock Price Prediction: Coinbase Global hangs on as bitcoin slumps, technical

April 20, 2021
A Complete Guide To Learn About Different Bitcoin Trading Strategies! | NewsGram

A Complete Guide To Learn About Different Bitcoin Trading Strategies! | NewsGram

April 19, 2021


Satoshi Nakamoto Candidate Paul Le Roux to Start Bitcoin Mining Business After Prison Time

A possible Satoshi Nakamoto, the mysterious creator of Bitcoin, has been sentenced to 25 years in prison. Criminal mastermind Paul Le Roux told the judge that upon his release he plans to “start a business selling and hosting bitcoin miners,” claiming that his ASIC chip design will “have an order of magnitude faster at bitcoin mining than any current design.”

Satoshi Candidate to Start Bitcoin Business

Paul Le Roux, a criminal mastermind whose biography made him a possible candidate for Satoshi Nakamoto, the pseudonym of the Bitcoin creator, has been sentenced to 25 years in prison by Manhattan Federal Judge Ronnie Abrams. Having been in U.S. custody for almost eight years, he pleaded “guilty to crimes ranging from methamphetamine trafficking to selling weapons technology to Iran,” Wired described, adding that he “will be credited with his seven-plus years in custody.”

“The scope and severity of Mr. Le Roux’s criminal conduct is nothing short of breathtaking. I have before me a man who has engaged in conduct in keeping with the villain in a James Bond movie,” Judge Abrahms said.

In a letter sent to the judge prior to his sentencing, Le Roux revealed his future plans. “If I am released by this court, and by the court in the Philippines,” he informed the judge:

I plan to start a business selling and hosting bitcoin miners.

Satoshi Nakamoto Candidate Paul Le Roux to Start Bitcoin Mining Business After Prison Time
Paul Le Roux and his first known passport. Image courtesy of The Australian.

He added: “I have a custom design for an ASIC chip that utilizes special opitimizations in the underlying computer code or algorithm known as (‘SHA’). I obtained this knowledge about the mathematical properties of SHA, while working as a contract programmer at GCHQ in London in the early 2000’s.” Le Roux continued:

These optimizations have allowed me to create an ASIC chip design, and therefore ASIC miners, that have an order of magnitude faster at bitcoin mining than any current design, to this end I plan to pub my knowledge and skills to a better and legal use.

The criminal mastermind was born on Dec. 24, 1972, in Zimbabwe, formerly Rhodesia, but was raised in South Africa. With minimal formal education, he dedicated himself to studying computer programming and electronic integrated circuit design (chip design), his letter to the judge explains. He added that as a contract programmer for GCHQ, the U.K. equivalent of the NSA, he assisted law enforcement in creating tools and disk encryption products to help the police and field agents secure their files and computers. He designed disk encryption software called Encryption for the Masses (E4M); its code formed the foundation for Truecrypt, one of the most secure and widely used encryption programs until it was abandoned by it anonymous creators it in 2014. The book entitled “The Mastermind” details that “Le Roux’s career was marked by technical brilliance and almost surreal levels of criminality,” author Evan Ratliff commented.

“In approximately 2004, I started…



Read more:Satoshi Nakamoto Candidate Paul Le Roux to Start Bitcoin Mining Business After Prison

Tags: Bitcoinbitcoin news todaybusinessCandidateMiningNakamotoPaulPrisonRouxSatoshiStart

Related Posts

COIN Stock Price Prediction: Coinbase Global hangs on as bitcoin slumps, technical

COIN Stock Price Prediction: Coinbase Global hangs on as bitcoin slumps, technical

by Bitcoin Market
April 20, 2021
0

COIN suffers on Monday as crypto and Bitcoin have a tough weekend. COIN shares ended Monday down 2.6% on...

A Complete Guide To Learn About Different Bitcoin Trading Strategies! | NewsGram

A Complete Guide To Learn About Different Bitcoin Trading Strategies! | NewsGram

by Bitcoin Market
April 19, 2021
0

By Jean Nichols Everyone wants to make massive profits, but it is not an easy task as it requires...

Bitcoin Price Prediction: BTC imminent rise to $60,000 exactly a year after 2020’s

Bitcoin rebounds and what to watch for week ahead [Video]

by Bitcoin Market
April 19, 2021
0

Bitcoin rebounds and what to watch for week ahead FXStreet Read more:Bitcoin rebounds and what to watch...

If Bitcoin Starts Closing Below the 50-Day SMA It May Mean Deeper Pullback Ahead

If Bitcoin Starts Closing Below the 50-Day SMA It May Mean Deeper Pullback Ahead

by Bitcoin Market
April 18, 2021
0

Bitcoin fell sharply on Sunday, dipping well below the 50-day simple moving average (SMA) support for the first time...

Breaking: $600 million in leveraged positions liquidated as Bitcoin price crashes 5%

Breaking: Bitcoin price crashes 14% sending cryptocurrency market into tailspin

by Bitcoin Market
April 18, 2021
0

Bitcoin price shows massive sell-off as it slid from $60,900 to $51,541. This crash comes after rumors of the...

Load More

Trend Now

  • Trending
  • Comments
  • Latest
Crypto-Powered Social Media Platform Voice Planning Launch for July 4 | CryptoGlobe

Crypto-Powered Social Media Platform Voice Planning Launch for July 4 | CryptoGlobe

June 8, 2020
Argo Blockchain boosts mining margins in July

Argo Blockchain boosts mining margins in July

August 5, 2020
5 Cryptocurrency Staking Providers – A Review | Hacker Noon

5 Cryptocurrency Staking Providers – A Review | Hacker Noon

January 30, 2021
North America’s first bitcoin ETF launches in Canada today

North America’s first bitcoin ETF launches in Canada today

February 18, 2021
Institutional investors see Bitcoin holding US$50,000 suggests ETP provider

Institutional investors see Bitcoin holding US$50,000 suggests ETP provider

February 18, 2021
J.K. Rowling Twitter Storm shows the Crypto Ecosystem Needs to Mature – CityAM

J.K. Rowling Twitter Storm shows the Crypto Ecosystem Needs to Mature – CityAM

May 19, 2020
‘Dogecoin Day’ brings volatility for meme-inspired crypto

‘Dogecoin Day’ brings volatility for meme-inspired crypto

0
Bitcoin daily chart alert – Bullish chart pattern develops – May 19

Bitcoin daily chart alert – Bullish chart pattern develops – May 19

0
Calvin Ayre Invests in True Reviews: A New Take on Consumer Review Sites Built on the

Calvin Ayre Invests in True Reviews: A New Take on Consumer Review Sites Built on the

0
J.K. Rowling Twitter Storm shows the Crypto Ecosystem Needs to Mature – CityAM

J.K. Rowling Twitter Storm shows the Crypto Ecosystem Needs to Mature – CityAM

0
Crypto.com’s MCO Visa Cards Are Now Shipping In Europe – Fintech Singapore

Crypto.com’s MCO Visa Cards Are Now Shipping In Europe – Fintech Singapore

0
Elon Musk tried to explain Bitcoin to JK Rowling on Twitter and this happened

Elon Musk tried to explain Bitcoin to JK Rowling on Twitter and this happened

0
‘Dogecoin Day’ brings volatility for meme-inspired crypto

‘Dogecoin Day’ brings volatility for meme-inspired crypto

April 20, 2021
Iconic Funds Receives Approval to Issue and Publicly Offer a Physically Backed

Iconic Funds Receives Approval to Issue and Publicly Offer a Physically Backed

April 20, 2021
Covid-19 live updates: ‘Dramatic deterioration’ in information access due to

Covid-19 live updates: ‘Dramatic deterioration’ in information access due to

April 20, 2021
Introducing Crypto on Venmo

Introducing Crypto on Venmo

April 20, 2021
Cryptocurrency Giant Binance Hires Former Top Bank Regulator

Cryptocurrency Giant Binance Hires Former Top Bank Regulator

April 20, 2021
‘It will be ugly’: Bitcoin bear gives 2 reasons why he thinks the ‘bubble’ is going

‘It will be ugly’: Bitcoin bear gives 2 reasons why he thinks the ‘bubble’ is going

April 20, 2021
  • Contact Us
  • Terms of Use
  • Cookie Privacy Policy
  • Privacy Policy
  • DMCA

© 2020 MarketForBitcoin.com

No Result
View All Result
  • Home
  • Bitcoin
  • Market
  • Cash
  • Price
  • Beginners
  • Gold
  • Private
  • Cryptos
  • Investors
  • Technical
  • Crash
  • Spam
  • Stock
  • Blockchain
  • Videos

© 2020 MarketForBitcoin.com

  • bitcoinBitcoin(BTC)$55,933.00-1.94%
  • bitcoin-cashBitcoin Cash(BCH)$940.77-1.95%
  • binance-coinBinance Coin(BNB)$520.87-0.94%
  • bitcoin-goldBitcoin Gold(BTG)$91.64-1.00%
  • bitcoin-privateBitcoin Private(BTCP)$0.899-0.41%
  • blocktixBlocktix(TIX)$0.012-69.12%