• 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

New Hampshire Launches $100 Million Bitcoin-Backed Municipal Bond

chest

New Hampshire has approved a groundbreaking $100 million municipal bond backed by Bitcoin, marking a significant step in cryptocurrency adoption in public finance.

user avatarSon Min-ho

Bitcoin Faces Uncertainty in November Amid Market Fluctuations

chest

Analysts question Bitcoin's historical performance in November as the cryptocurrency experiences significant drops amid market fluctuations.

user avatarAyman Ben Youssef

RentStac Implements Security and Transparency Measures for Investor Protection

chest

RentStac implements security measures to protect user assets and enhance transparency through external audits, multisig wallets, and independent oracles.

user avatarTando Nkube

Long-Term Growth Scenarios for RentStac's RNS Token Under Discussion

chest

Analysts are exploring long-term growth scenarios for RentStac's RNS token in the expanding RWA market.

user avatarJesper Sørensen

Understanding RentStac's Tokenization Model and Its Benefits

chest

RentStac tokenizes real estate yield through a dual-layer structure linked to property performance.

user avatarSatoshi Nakamura

Growing Interest in RentStac's Presale as Analysts Monitor RWA Potential

chest

The presale of RentStac is gaining momentum as analysts monitor its potential in the RWA sector.

user avatarLucas Weissmann

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.