• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Uncovering the Illegal Bitcoin Mining Farm in Thailand: Impacts and Measures

user avatar

by Giorgi Kostiuk

3 months ago


Thai authorities recently dismantled a large illegal Bitcoin mining operation in Chonburi province. Nearly 1,000 mining machines were seized, uncovering a scheme of electricity theft that led to significant financial losses and power grid issues.

Authorities Seize Mining Rigs

In Phanat Nikhom district, a raid supported by the Crime Suppression Division and the Provincial Electricity Authority uncovered an illegal Bitcoin mining farm. A total of 996 mining rigs were seized, representing a massive loss of hundreds of millions of baht and immense pressure on the power grid. The perpetrators tampered with power meters to steal electricity, predominantly overnight, to avoid detection.

Impact of Illegal Mining

The issue of illegal mining is not limited to Thailand. For instance, in July 2024, Russian authorities seized 500 mining rigs in Irkutsk, unveiling $2.3 million in electricity theft. Similarly, in Malaysia, about $754 million worth of electricity was reportedly stolen between 2018 and 2023. In Thailand, a transborder crypto fraud ring was dismantled in October 2024.

Enhanced Measures Needed

Thai authorities plan to increase surveillance and apply stricter measures to prevent electricity theft. The Chonburi case underscores the critical need to enforce laws related to cryptocurrency crimes in the country. Cooperation among law enforcement agencies is essential to combat such illegal activities in the cryptocurrency arena.

The dismantling of the Chonburi Bitcoin mining farm highlights the severe threat of illegal mining and the importance of actively addressing such crimes. Only coordinated law enforcement efforts can provide a long-term solution.

0

Share

Other news

Peter Schiff Seeks Bitcoin Donations to Grow Reserve

Bitcoin critic Peter Schiff seeks public support to grow his Bitcoin reserve through donations.

user avatarGiorgi Kostiuk

a few seconds ago

Analyzing Bitcoin Dominance: What Drives Altcoin Season

The current Altcoin Season Index points to Bitcoin's market dominance. What does this mean for your crypto portfolio?

user avatarGiorgi Kostiuk

a few seconds ago

Investors Eye MAGACOINFINANCE: Prospects and Future Plans

Magacoinfinance garners major investor attention in 2025 with unique pre-sale offerings.

user avatarGiorgi Kostiuk

a minute ago

Japan's Metaplanet Successfully Increases Bitcoin Holdings to 4,206 BTC

Metaplanet acquired an additional 160 BTC, raising its total to 4,206 BTC, focusing on a Bitcoin strategy.

user avatarGiorgi Kostiuk

a minute ago

Zhongzefeng Invests in Hong Kong's Crypto Assets amidst Growing Interest

Hong Kong company Zhongzefeng has received approval for crypto investments, potentially enhancing its market presence.

user avatarGiorgi Kostiuk

2 minutes ago

Circle's IPO Move: What It Means for the Crypto Market

Circle, the issuer of USDC, files for IPO, highlighting crypto's integration with traditional finance.

user avatarGiorgi Kostiuk

4 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

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.