• 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

Dogecoin Price Prediction Faces Major Changes

chest

A proposal on GitHub suggests reducing Dogecoin's block reward, potentially redefining its inflation model.

user avatarMiguel Rodriguez

Pumpcade Introduces Real-Time Prediction Markets for Enhanced User Engagement

chest

Pumpcade is revolutionizing the prediction market landscape by embedding markets directly into livestream environments, allowing users to participate in real-time while consuming content.

user avatarGustavo Mendoza

Pumpcade Secures $1 Million Preseed Funding to Revolutionize Prediction Markets

chest

Pumpcade, a new platform for livestream prediction markets, has successfully raised $1 million in preseed funding led by Pumpfun, aiming to transform the prediction market landscape.

user avatarRajesh Kumar

Circle Explores Reversible USDC Transactions Amid Security Concerns

chest

Circle is exploring the implementation of reversible USDC transactions to address security concerns related to hacks, theft, and fraud.

user avatarArif Mukhtar

Iran-US Ceasefire Talks Fail, Bitcoin Experiences Decline

chest

The breakdown of ceasefire discussions between Iran and the US has led to a significant decline in Bitcoin's value.

user avatarLuis Flores

Stephanie Cutter Joins Kalshi as Policy Adviser

chest

Kalshi announces the appointment of Stephanie Cutter, a former staffer of President Obama, as a policy adviser.

user avatarMaria Gutierrez

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.