Bitcoin Miner “Stole” 150 MW of Electricity according to Chinese Police

Bitcoin Miner “Stole” 150 MW of Electricity according to Chinese Police
фото показано с : bitcoints.com

2018-6-22 19:06

A Chinese man has found himself in police custody after attempting to steal electricity to fund his unprofitable Bitcoin mining operation, local media outlet Xinhua reports June 22.
The suspect, known only by his surname Ma, allegedly mined Bitcoin and Ethereum on two hundred computers in the country’s Anhui province, all of which have been confiscated by the police upon the miner’s arrest.
In total, Ma had stolen 150 megawatt (MW) of electricity, according to Xinhua.
Police were alerted to Ma when the local grid “reported abnormal electricity usage.” “…Police found that the electricity meter for the suspected cryptocurrency mining operation had been short-circuited, which was likely an attempt to dodge the power bill,” Xinhua adds.
Worldwide, Bitcoin mining is expected to consume 0.5% of total electricity output as soon as the end of this year, Cointelegraph reported in May.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 63385.97 (+0.52%)
Объем 24H $30.344b
Изменеия 24h: -0.86 %, 7d: -0.18 %
Cегодня L: $63041.13 - H: $63915.37
Капитализация $1248.386b Rank 1
Доступно / Всего 19.695m BTC / 21m BTC

bitcoin chinese police electricity surname allegedly only

bitcoin chinese → Результатов: 23


Фото:

Binance Offers Chinese Bitcoin Traders a Lifeline with P2P Trading

Binance, the world’s largest crypto exchange by 24-hour trading volume has announced the launch of its peer-to-peer (P2P) crypto trading service for Chinese residents. Users will now be able to trade a few supported cryptocurrencies including bitcoin (BTC), ether (ETH) and Tether (USDT) against the Chinese yuan, according to a blog post from the exchange,Read MoreRead More.

2019-10-9 15:48


Chinese Bitcoin Mining Centers Fear Electricity Cuts as Compliance Issues Loom

Having banned the exchanges where cryptocurrencies like Bitcoin are traded, the Chinese government is now cracking down on the plants where such currencies are mined. The Yingjiang Administration Bureau for Industry and Commerce, which enforces enterprises and consumer protection laws, issued a notification to the Bitcoin mining facilities operating in China’s Yunnan province.

2018-11-13 13:00


Brad Garlinghouse, Ripple CEO, answered candidly during an interview about crypto’s prospects for the future. Among other criticisms, he stressed blockchain technology is mostly hype, and that bitcoin core (BTC) is controlled by Chinese miners

Among other criticisms, he stressed blockchain technology is mostly hype, and that bitcoin core (BTC) is controlled by Chinese miners and has no hope of being a world currency. And while Ripple certainly was the hot topic, Mr.

2018-6-13 21:18