Chinese Police Bust Cryptocurrency Miners Illegally Stealing Electricity
Posted: 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)