Bitcoin miners strike
Bitcoin Union of Miners announces industrial action after bubble bursts
The Bitcoin Union of Miners (BUM), which represents bitcoin miners’ workers’ rights, has announced it will be taking industrial action over the Christmas period following what it describes as “a failure of representation and protection after the burst of the bubble.”
BUM has no leader but works as a decentralized network of miners. In its group statement, published 21st December at 02:01 UK time, miners argued that “Speculators have caused bitcoin to become incredibly volatile. They are greedy and show total disregard for us hardworking miners, without whom the cryptocurrency would not exist. We miners are exploited — badly.”
“We miners are exploited — badly.”
“We require workers’ protections, and fast. We will strike until that is achieved,” the joint statement concluded.
Bitcoin’s value has soared following the announcement of the strike, as a result of speculation over limitation of supply.
Major cryptocurrency exchange platforms are yet to comment.
More to follow.
