• 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

Ric Edelman Predicts Bitcoin Could Surpass $150,000

chest

Financial adviser Ric Edelman predicts Bitcoin could exceed $150,000 by the end of 2026, driven by institutional investment and regulatory changes.

user avatarLucas Weissmann

Solana Breaks Out of Long-Term Descending Channel

chest

Solana has successfully broken out of a long-term descending channel, marking a significant structural shift in its price action.

user avatarFilippo Romano

Increase in Bitcoin Whale Transactions on Binance Amid Price Volatility

chest

Surge in large Bitcoin transactions on Binance indicates increased whale activity amid price fluctuations.

user avatarEmily Carter

Crypto Analyst Predicts Bullish Trend for Cardano

chest

Crypto analyst Ali Martinez predicts a bullish trend for Cardano, citing a bullish SuperTrend signal and significant accumulation among large ADA wallets.

user avatarTomas Novak

Alpenglow Upgrade and New Partnerships Boost Solana

chest

Alpenglow upgrade aims to enhance Solana's network speed by 100 times, while Western Union launches USDPT stablecoin, boosting adoption.

user avatarKaterina Papadopoulou

Market Reactions to CLARITY Act: Bitcoin and XRP Show Strong Momentum

chest

Market reactions to the CLARITY Act show significant price movements for Bitcoin and XRP, with traders optimistic about potential gains.

user avatarMaya Lundqvist

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.