• 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

Coinbase Ventures Prioritizes Tokenization and AI in 2026 Investment Strategy

chest

Coinbase Ventures has identified nine priority investment areas for 2026, focusing on the tokenization of real-world assets and the development of AI tools for on-chain applications.

user avatarMaria Gutierrez

Coinbase Ventures Reveals Its 2026 Investment Strategy

chest

Coinbase Ventures has unveiled its investment strategy for 2026, focusing on nine key areas in the evolving Web3 ecosystem.

user avatarDavid Robinson

WEMADE Releases StableNet Testnet Source Code on GitHub

chest

WEMADE has announced the public release of the StableNet testnet source code on GitHub as of November 27, aiming to promote transparency and encourage collaboration among developers in the stablecoin ecosystem.

user avatarAndrew Smith

Chainlink Reserve Adds 87K LINK, Nears 1M Milestone

chest

The Chainlink Reserve has boosted its total LINK holdings to over 973,000 tokens, signaling strong confidence in the project's future.

user avatarJacob Williams

Bitcoin Options Open Interest Reaches New Heights Amid Market Volatility

chest

Recent data shows that the Bitcoin-denominated Options Open Interest has surged to a new all-time high, reflecting increased activity in the options market as investors reposition themselves amid market volatility.

user avatarZainab Kamara

GaiAI Launches Decentralized Agent Network

chest

GaiAI is creating a decentralized network that empowers users with real ownership and control over AI agents.

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.