• 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

EigenCloud and Optimism Prepare for Major Unlocks

chest

EigenCloud and Optimism are set to unlock significant amounts of tokens, impacting their market positions.

user avatarKenji Takahashi

Trader Hesitancy and Calls for Transparency in Binance Balkans Event

chest

The announcement of the Binance Balkans event offering a 5,000 FOLKS reward has raised skepticism among traders, leading to hesitancy in participation due to lack of verification.

user avatarMiguel Rodriguez

MediaTek Achieves Record High Stock Surge

chest

MediaTek's stock surged 19% over two days, driven by its partnership with Google on AI technology.

user avatarGustavo Mendoza

Nasu Capital Completes Rigorous Stress Test for License Approval

chest

Nasu Capital completed a rigorous Operational Resilience Stress Test as part of the license approval process.

user avatarRajesh Kumar

Binance Launches 5,000 FOLKS Reward Campaign for Balkan Users

chest

Binance has launched a campaign targeting users in the Balkan region, offering a reward pool of 5,000 FOLKS to encourage trading activity.

user avatarMaria Fernandez

Market Making Programs Provide Stability During Selloff

chest

Market making programs are essential for traders during market turmoil, providing liquidity support and advantages during selloffs.

user avatarLuis Flores

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.