• 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

Traditional Banks Consider Legal Action Against OCC Over Crypto Licenses

chest

The traditional banking sector in the U.S. is considering legal action against the OCC over federal licenses granted to crypto firms.

user avatarJacob Williams

Pi Coin Surges Amid Bitcoin Price Correction

chest

Pi Coin has experienced significant price gains while Bitcoin faces a correction.

user avatarZainab Kamara

Strategy Makes Largest Bitcoin Purchase in Over a Month

chest

Strategy made a significant investment in Bitcoin, acquiring 128 billion worth last week.

user avatarSon Min-ho

SUI's Future Direction Hinges on BTC Pair's RSI Trendline

chest

SUI is at a critical decision point as analysts monitor the RSI trendline on its BTC pair, which may lead to bearish momentum or a short-term rebound.

user avatarAyman Ben Youssef

BRICS Alliance Takes Bold Steps Against US Dollar Dominance

chest

The BRICS alliance is taking significant steps to challenge the supremacy of the US dollar following sanctions imposed on Russia by the White House.

user avatarKofi Adjeman

BRICS Currency Ambitions Stalled by US Tariff Threats

chest

The BRICS alliance's currency ambitions were stalled due to tariff threats from the Trump administration, impacting their export businesses.

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.