• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Illegal Bitcoin Mining Farm Discovered and Shut Down in Thailand

user avatar

by Giorgi Kostiuk

a year ago


  1. Power Grid Issues
  2. Investigation and Authorities' Actions
  3. Previous Cases of Illegal Mining

  4. Thai authorities conducted a raid on an illegal Bitcoin mining farm in Ratchaburi following complaints about frequent power outages.

    Power Grid Issues

    Jamnong Chanwong, a chief district security officer, explained in the AFP report that the operation likely became fully operational in mid-July, coinciding with the start of the power outages. The unregistered mining activity caused frequent power outages and posed significant risks to the electrical infrastructure, potentially leading to long-term damage and higher costs for local residents.

    Investigation and Authorities' Actions

    Bitcoin mining rigs consumed large amounts of electricity without proper payment, raising suspicions and prompting the raid. By the time authorities entered the property, much of the equipment had been moved, and no arrests were made.

    Previous Cases of Illegal Mining

    Earlier this month, an Airbnb host discovered her guests had been mining crypto at her property, resulting in a $1,500 electricity bill.

    Illegal mining continues to be a significant issue, impacting electrical grids and causing financial losses. Authorities continue to combat such cases to prevent damage and ensure fair use of resources.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Market Reactions to Fed Rate Discussions Impacting Crypto Valuations

chest

Market reactions were swift, with cryptocurrencies such as BTC and ETH reflecting sensitivity to rate shift discussions.

user avatarMiguel Rodriguez

Bitcoin Holds Above Critical Support Level

chest

Bitcoin is under short-term pressure but remains stable above the critical 80,000 support level, indicating a manageable correction.

user avatarArif Mukhtar

Securitize Achieves 841% Revenue Growth as It Merges with Cantor SPAC

chest

Securitize reports an 841% revenue growth, reaching $556 million, as it prepares for a merger with Cantor SPAC.

user avatarLuis Flores

White House Instructs Agencies to Prepare for Shutdown

chest

White House instructs federal agencies to prepare for an orderly shutdown due to Congress missing the funding deadline.

user avatarMaria Gutierrez

Zcash Faces Key Support Test Amid Governance Changes

chest

Zcash is testing major support levels while undergoing governance changes aimed at improving stability.

user avatarAndrew Smith

ZKP Emerges as Leading Crypto for AI Infrastructure

chest

ZKP, a privacy-focused AI network, is gaining attention for its potential in the digital asset market.

user avatarDavid Robinson

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.