• 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

Bitmine Immersion Technologies Boosts Staked ETH by 112,040

chest

Bitmine Immersion Technologies has staked an additional 112,040 ETH, bringing its total holdings to over 3.7 million ETH.

user avatarSatoshi Nakamura

Ethereum Network Fees Surge as Demand for Block Space Increases

chest

Ethereum network fees have surged again, signaling rising demand for block space as users seek faster transaction processing.

user avatarKofi Adjeman

Ethereum Foundation Unstakes Over $489 Million in ETH

chest

Ethereum Foundation unstaked over 489 million in ETH, indicating a strategic shift in asset management.

user avatarNguyen Van Long

BRICS Meeting Addresses Regional Conflicts and Economic Strategies

chest

Deputy foreign ministers from BRICS member states convened to discuss regional conflicts and economic strategies, emphasizing the need for peace and cooperation.

user avatarJesper Sørensen

BRICS India Cost Surge Reshapes Economic Strategies

chest

The BRICS bloc is facing economic pressure due to rising costs, especially after disruptions in Iran's energy corridors, with India incurring an estimated $4 billion in additional monthly costs.

user avatarRajesh Kumar

California Man Sentenced for Laundering Stolen Cryptocurrency

chest

A 22-year-old man from California, Evan Tangeman, was sentenced to 70 months in federal prison for laundering millions of dollars in stolen cryptocurrency proceeds.

user avatarLucas Weissmann

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.