Summary:
- Unregistered Bitcoin mining rigs discovered in a raid by Provincial Electricity Authorities and local police.
- The operation likely began in mid-July, coinciding with frequent power outages.
- The unregistered activity posed significant risks to the local electrical infrastructure.
- The operation paid minimal fees despite consuming large amounts of electricity.
- Authorities found much of the equipment had been relocated before the raid, and no arrests were made.
In a recent operation, the Provincial Electricity Authorities and local police conducted a raid that uncovered a hidden Bitcoin mining setup consuming large amounts of electricity. According to an AFP report, the mining rigs involved were unregistered, with no proper payments or reports made for their electricity usage.
Jamnong Chanwong, a chief district security officer, indicated in the report that the operation likely became fully operational around mid-July. This timing coincided with the start of frequent power outages in the area, which raised concerns among local authorities.
The unregistered mining activity led to these power outages, posing significant risks to the electrical infrastructure. Over time, this could have resulted in long-term damage and increased costs for local residents. The operation’s massive electricity consumption, coupled with minimal fees paid, aroused suspicion and led to the raid.
However, by the time authorities entered the property, much of the equipment had already been relocated, and no arrests were made. This incident underscores the hidden dangers and financial burdens associated with unregulated Bitcoin mining activities.
Bitcoin mining is known for its high energy consumption and requires proper registration, fees, and taxes to operate legally. In a related case earlier this month, an Airbnb host discovered that her guests had been mining cryptocurrency at her property, resulting in a $1,500 electricity bill. These incidents highlight the ongoing challenges and risks in the world of crypto mining.
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