• 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

2 years 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

Nevin Shetty Sentenced to Two Years for Fraudulent Diversion of Company Funds

chest

Nevin Shetty was sentenced to two years in prison for diverting $35 million from his employer to his DeFi platform, resulting in significant losses and layoffs.

user avatarMiguel Rodriguez

Tesla Faces Caution from Wall Street Amid Shift to AI and Robotics

chest

Stock analysts express concerns over Tesla's investment risks as the company pivots towards AI and robotics, impacting vehicle sales.

user avatarLuis Flores

Chainlink Experiences Strong Monthly Range Compression

chest

Chainlink is currently in a broad consolidation phase, indicating potential for future trend moves.

user avatarArif Mukhtar

Chainlink Approaches Critical Resistance Zone

chest

Chainlink's price is nearing a significant resistance zone, with analysts watching for a potential breakout.

user avatarMaria Gutierrez

Binance Responds to Senator Blumenthal's Allegations

chest

Binance responds to Senator Blumenthal's allegations regarding compliance with US sanctions, asserting that the claims are false and misrepresent the company's operations.

user avatarDavid Robinson

KuCoin Ordered to Cease Operations in Dubai

chest

Dubai's Virtual Assets Regulatory Authority has ordered KuCoin Exchange EU GmbH to cease operations in Dubai due to lack of a license for digital asset services.

user avatarAndrew Smith

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.