• 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

a year 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

Tesla to Enter Settlement Negotiations Over Racial Harassment Allegations

chest

Tesla has agreed to participate in private mediation with the US Equal Employment Opportunity Commission regarding allegations of racial harassment at its California factory.

user avatarAndrew Smith

MARA Holdings Maintains Strong Bitcoin Treasury Amidst Competition

chest

MARA Holdings maintains one of the largest Bitcoin treasuries, holding over 55,000 BTC, positioning itself as a strong competitor in the Bitcoin mining industry.

user avatarJacob Williams

ApeCoin APE Shows Mild Correction Amid Low Volume

chest

ApeCoin APE is trading down 1.63% in the last 24 hours, currently priced at 0.02072. Despite this mild correction, the project maintains a steady community of approximately 1859K holders.

user avatarZainab Kamara

MicroStrategy Acquires Largest Amount of Bitcoin in Half a Year.

chest

MicroStrategy has announced a significant acquisition of Bitcoin, purchasing 13,627 BTC for approximately 125 billion, marking its largest purchase in nearly six months.

user avatarSon Min-ho

ZCash Price Declines Amid Market Consolidation

chest

ZCash price is currently trading lower, establishing a new trading range after a significant decline.

user avatarAyman Ben Youssef

STX Price Analysis Indicates Potential Breakout or Rejection

chest

STX is trading near a descending resistance after a rebound, with traders awaiting confirmation signals for future price direction.

user avatarTando Nkube

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.