Chinese Police Bust Cryptocurrency Miners Illegally Stealing Electricity

[kreslik.news]

Chinese police have initiated criminal investigations against six persons ‎for operating illegal cryptocurrency mining, local media outlet Xinhua reports, ‎citing a local police spokesman. ‎

While investigating an unusual surge in electricity consumption in the city of ‎Tianjin, the police discovered the facility, which short-circuited the mains to avoid ‎charges. The culprits have plugged the cables into a nearby transformer station. ‎

The police went to inspect the ‎spot after a local energy supplier reported significant power losses coming ‎from the mining area, nearly 28 percent at peak consumption hours. A search of ‎the area led to the discovery of over 600 ... (read more)