• 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

Latent Profits in Bitcoin Market Dwindle Amidst Correction

chest

Analysis by Darkfost reveals that Bitcoin's Net Unrealized Profit/Loss (NUPL) metric indicates a significant decline in latent profits, suggesting a bear phase.

user avatarMaria Gutierrez

Bitcoin Price Stabilization Signals Caution for Investors

chest

Market expert Joao Wedson suggests that now is not the ideal time to buy Bitcoin despite signs of stabilization in onchain metrics.

user avatarDavid Robinson

Future Projections for XRP's Price Movement

chest

Hov outlines potential future price targets for XRP, suggesting a bullish outlook if certain conditions are met.

user avatarAndrew Smith

FOCIL Protocol to Strengthen Ethereum's Scaling Efforts

chest

The FOCIL protocol is set for inclusion in Ethereum's scaling roadmap, aiming to enhance the network's throughput and reduce reliance on validator altruism.

user avatarJacob Williams

Ethereum Enters Phase of Structural Reconstruction

chest

Ethereum is transitioning from incremental upgrades to a more fundamental transformation of its core architecture.

user avatarZainab Kamara

Parsec Analytics Firm Shuts Down After Five Years

chest

Onchain analytics firm Parsec has announced its closure after five years in the business, signaling a significant shift in the crypto tool market.

user avatarSon Min-ho

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.