Maltese Bitcoin Miner Wins Lawsuit Against Mining Equipment Seller
Malta’s Consumer Claims Tribunal (MCCAA) has ordered Dario Azzopardi, a retailer of Bitcoin mining machines to refund $2,239 (€2,000) to a client who claimed that the machine they had purchased from the firm generates a lot of noise and massively consumes electricity, reports Malta Today on August 6, 2019.
In a first of its kind occurrence, a local bitcoin miner has triumphed over a Maltese mining equipment seller at the nation’s Consumer Claims Tribunal after filing complaints regarding the inefficiencies of an ASIC miner he purchased.
Per the report, the Consumer Claims Tribunal has ordered Dario Azzopardi to refund the disgruntled miner the sum of $2,239 (€2,000) out of the $ (€2,600) he paid for the bitcoin mining machine.
Reportedly, the miner who probably may be a newcomer in the world of cryptocurrencies claimed that the purchased mining machine was just too noisy and power-inefficient. As such he ended up incurring more cost in the mining operation than profits.
Interestingly, Azzopardi failed to contest the consumer’s claims in court, leaving the authorities with no other choice than to rule in favor of the claimant.
Bitcoin Miners Versus Earth
According to research reports released by the Cambridge Centre for Alternative Finance have shown that the entire Bitcoin network consumes far more energy than crypto-friendly Switzerland, a nation occupied by nearly 9 million people.
In comparison, it has also been reported several times than banks waste three times more electricity than Bitcoin mining, the latter has however been a subject of debate and criticisms in recent times as compared to the former.
In the same vein, several nations and cities across the globe, from China to the United States have been making efforts to checkmate the activities of cryptocurrency miners.
Earlier in 2017, when the world’s flagship crypto was on its way to attaining an all-time-high of $20k, China outrightly banned all crypto-related activities in the state except mining. However, fast forward to 2019 and reports have emerged that China’s National Development and Reform Commission (NDRC) is now making plans to eliminate bitcoin mining operations.
In related news, in July 2019, BTCManager informed that Iran’s Economic Commission had agreed to increase electricity tariffs for bitcoin mining, in a bid to reduce wastage.