• 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

Charles Hoskinson Engages XRP Community for DeFi Summit

chest

Cardano founder Charles Hoskinson has reached out to the XRP community to discuss potential projects for a DeFi summit at the University of Edinburgh, indicating a shift towards collaboration.

user avatarRajesh Kumar

Yuzhi Financial Under Investigation for Alleged Misconduct

chest

Yuzhi Financial's HSEX app is under scrutiny for alleged financial misconduct and withdrawal issues, raising concerns among investors.

user avatarLucas Weissmann

Ethereum's Economic Value Could Reach Trillions, Says Analyst

chest

William Mougayar projects Ethereum's economic value could reach trillions, emphasizing its role as a public good rather than a profit-driven entity.

user avatarFilippo Romano

Ethereum Trading Activity Shows Signs of Recovery

chest

Recent analysis from CryptoQuant indicates that Ethereum trading activity on Binance is showing early signs of recovery.

user avatarEmily Carter

Hassett's Leadership Potential Mirrors Volcker's Focus on Independence

chest

Hassett's potential appointment as Federal Reserve chair draws comparisons to Paul Volcker's focus on monetary independence, which may enhance confidence in the Fed's political neutrality.

user avatarTomas Novak

Bitcoin Accumulation Continues Amid Market Caution

chest

Long-term buyers, including corporate holders like Michael Saylor, are accumulating Bitcoin despite a defensive short-term market sentiment.

user avatarKaterina Papadopoulou

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.