• 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

TRUMP Meme Coin Experiences Price Surge Ahead of Exclusive Event

chest

TRUMP meme coin surged over 10% ahead of an exclusive event for top token holders at MaraLago on April 25.

user avatarKofi Adjeman

Ripple Reports Major Milestones in Payments Platform and XRP

chest

Ripple has published a report detailing the major milestones its payments platform and XRP have achieved.

user avatarNguyen Van Long

Operation Lightning Reveals Extensive Cybercrime Network

chest

Operation Lightning reveals a botnet of infected devices used for cybercrime, leading to the seizure of domains and servers across seven countries.

user avatarJesper Sørensen

Major Malicious Proxy Operation Dismantled by Authorities

chest

European and US authorities dismantled a major malicious proxy operation linked to malware-infected routers, freezing $35 million in cryptocurrency.

user avatarSatoshi Nakamura

Tether's USDT Stablecoin Facilitates Illicit Gold Trade in Venezuela

chest

A report reveals that Tether's USDT stablecoin is being utilized in the illegal gold trade in Venezuela, highlighting new money laundering strategies.

user avatarRajesh Kumar

Shiba Inu's Ecosystem Strengthens Its Market Position

chest

Shiba Inu is evolving beyond its memecoin status by establishing a holistic ecosystem that includes NFTs and blockchain technology.

user avatarEmily Carter

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.