• 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

Texas Senate Race Sees Surge in Financial Support and Endorsements

chest

The Texas Senate race is currently attracting significant financial backing and endorsements, particularly for Ken Paxton.

user avatarZainab Kamara

Blockchain Leadership Fund Endorses 10 Candidates for 2026 Midterm Elections

chest

The Blockchain Leadership Fund has endorsed 10 candidates across seven states for the 2026 midterm elections.

user avatarSon Min-ho

Ken Paxton Secures $500,000 from Fellowship PAC for Senate Campaign

chest

The Fellowship PAC plans to spend $500,000 to support Texas Attorney General Ken Paxton in his bid for a US Senate seat.

user avatarAyman Ben Youssef

Binance Initiates Legal Action Against Dow Jones Over WSJ Allegations

chest

Binance has filed a lawsuit against Dow Jones over allegations of false reporting regarding Iran-linked crypto transfers.

user avatarSatoshi Nakamura

Binance CEO Richard Teng Responds to WSJ Allegations

chest

Binance CEO Richard Teng responds to WSJ allegations, disputing claims about transactions with sanctioned individuals and emphasizing the exchange's compliance efforts.

user avatarTando Nkube

Wall Street Journal Alleges $850 Million Covert Payments Network Linked to Iran Through Binance

chest

The Wall Street Journal reported on May 22 that a covert payments network linked to Iran moved approximately $850 million through Binance, with activity continuing until December 2025.

user avatarKofi Adjeman

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.