Chinese Police Bust Cryptocurrency Miners Illegally Stealing Electricity

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Chinese Police Bust Cryptocurrency Miners Illegally Stealing Electricity

Postby kreslik.news » Tue Apr 24, 2018 3:15 pm


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)

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