• 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

CFTC Establishes Innovation Advisory Committee to Collaborate with Digital Asset Sector

chest

CFTC has formed an Innovation Advisory Committee to enhance collaboration with the digital asset industry.

user avatarAyman Ben Youssef

Defense Stocks Surge Amid Ongoing Geopolitical Turmoil

chest

US defense stocks are experiencing significant gains due to the ongoing geopolitical turmoil related to the Israel-Iran-US conflict.

user avatarTando Nkube

XRP Technical Indicators Show Mixed Signals Amid Price Correction

chest

Technical indicators for XRP show a loss of bullish momentum, with MACD losing pace and RSI below 50.

user avatarJesper Sørensen

Polymarket's Legal Battle Continues as Case is Remanded to State Court

chest

The federal court has sent the case against Polymarket back to state court, rejecting its jurisdiction arguments.

user avatarKofi Adjeman

Kalshi Faces Legal Setback as Federal Judge Remands Case to State Court

chest

Kalshi is facing a potential restraining order in Nevada as a federal judge remands the case to state court, allowing regulators to seek an injunction against the exchange.

user avatarNguyen Van Long

XRP Price Experiences a Decline After Struggling to Break Through Major Resistance.

chest

XRP price has started a downside correction after failing to hold above the 1420 level, with current support at 13550.

user avatarSatoshi Nakamura

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.