• 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

New Bitcoin Buying Opportunities Emerge After MVRV Shift

chest

Recent analysis indicates that the Bitcoin MVRV ratio has dropped, suggesting new buying opportunities for investors.

user avatarArif Mukhtar

Revolut Introduces Dogecoin Debit Card to Boost Adoption

chest

Revolut has launched a physical Dogecoin-themed crypto debit card to enhance Dogecoin's adoption for real-world payments.

user avatarMaria Gutierrez

Goldman Sachs Offloads Solana and XRP Holdings Amid Market Downtrend

chest

Goldman Sachs has sold its holdings in Solana and XRP, raising concerns among investors as the bank maintains its investments in Bitcoin and Ethereum.

user avatarDavid Robinson

Analysts Predict Amazon Stock Could Reach $375 by 2026

chest

Some analysts believe Amazon's stock price could rise significantly by 2026, with estimates ranging from $340 to $375.

user avatarAndrew Smith

SUI Shows Signs of Accumulation Despite Market Downturn

chest

In recent analysis, Michal van de Poppe has identified bullish signals in SUI's price action, suggesting that the cryptocurrency may be positioned for accumulation despite the ongoing market downturn.

user avatarSon Min-ho

SUI's Total Value Locked Declines Amid Market Challenges

chest

SUI's Total Value Locked (TVL) has significantly declined from 2 billion to 500 million, but analyst Michal van de Poppe suggests this does not indicate a capital flight from the ecosystem.

user avatarZainab Kamara

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.