Taiwan: Man Arrested for Stealing Electricity Worth $3 Million to Mine Crypto

2019-1-1 08:00

According to a report by Yahoo Taiwan, published on December 26, 2018, a Taiwanese man has been arrested by the local police for allegedly stealing electricity worth over $3 million to mine cryptocurrencies.

$14. 5 Million in Mined Cryptocurrencies The suspect, a man with the surname Yang, has been accused of stealing state electricity for mining digital currencies. Per the report, Yang. . . Read More. The post by Aisshwarya Tiwari appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News.

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Источник: btcmanager.com

million electricity → Результатов: 31

$3 Million in Stolen Electricity Leads to $14.5 Million in Crypto Mining Earnings

A Taiwanese Bitcoin miner identified with the last name Yang was recently arrested and charged by authorities for mining 100 million yuan ($14. 5 million) in cryptocurrencies. He used NT$100 million ($3.

2018-12-28 14:29	Mining
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Taiwanese Police Arrest Miner Accused of Stealing Millions in Power

A man with the Surname of Yang has been accused of stealing 100 million Taiwanese dollars (nearly $3. 25 million) worth of electricity to mine cryptocurrencies. Yang is suspected of stealing power from 17 different stores in Northern Taiwan to fuel his mining operations.

2018-12-28 22:15
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$15 Million In Bitcoin And Ether Allegedly Mined By Electricity Thief

The means were likely illegal, probably unethical, and definitely amusing.

2018-12-28 22:14	World
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Electricity Thief That Mined $3 Million USD In BTC And ETH Gets Arrested

Electricity Thief That Mined $3 Million USD In BTC And ETH Is Arrested A Taiwanese man which is being accused of stealing about $3.25 million USD in electricity to mine Bitcoin (BTC) and Ethereum (ETH), now he has been recently arrested in the country. The surname of the man is “Yang” but his first name […]

2018-12-27 20:35	News
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Taiwan: Suspect Arrested for Stealing $3+ Mln of Electricity to Mine Crypto

A Taiwanese man has been arrested for allegedly stealing electricity worth over $3 million to mine Bitcoin and Ethereum worth around $14.5 million

2018-12-28 20:09
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Suspected Electricity Thief Arrested After Mining $3 Million in Bitcoin, Ether

A man in Taiwan has been arrested over claims he mined $3.25 million in cryptos using stolen electricity.

2018-12-27 12:00
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Crypto-mining malware saw 4,000% increase in 2018

One of the most common hacks to punctuate the 2018 cryptocurrency media was illicit crypto-mining, also known as crypto-jacking, a recent report shows just how widespread it is becoming. According to the latest report from cyber security firm McAfee Labs, 2018 saw a 4000-percent increase in instances of crypto-mining malware.

2018-12-20 15:06	hard fork
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Analysis: Bitcoin Costs $1.4 Billion to 51% Attack, Consumes as Much Electricity as Morocco

To successfully conduct a 51 percent attack on the Bitcoin network would cost an incredible $1. 4 billion. This massive network supports over 5 million specialized ASIC mining computers, consuming a total of 29 Terahashes of electricity—as much as the entire country of Morocco.

2018-11-29 14:00	Mining
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$5 Million Lawsuit Against Bitmain Filed in Northern California

A class-action lawsuit for over $5 million has been filed in northern California against Chinese mining giant Bitmain. The company is being accused of utilizing customers’ newly purchased machines to mine cryptocurrency at full power for its own benefit while customers were configuring their equipment.

2018-11-27 21:38	Law & justice
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Miner Abandons Swedish County, Leaves $1.5M in Unpaid Electricity Bills

Two mining companies with operations in Sweden have reportedly abandoned their facilities in the country’s northernmost county of Norrbotten. One of the companies, U. S. miner NGDC, appears to have suddenly fled from the area, leaving $1.

2018-11-16 00:35
unpaid bills miner electricity county companies abandons

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International Bitcoin miners vanish after stacking up $1.5M debt in Sweden

Sweden‘s northernmost county opened its arms to two cryptocurrency mining firms earlier this year – but it might now be regretting the decision. The county of Norrbotten, Sweden is playing host to a cryptocurrency mining mystery.

2018-11-14 13:15	hard fork
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New Crypto Mining Research Attempts to Sound the Alarm on Bitcoin’s Proof of Work Energy Usage

Crypto Mining Is More Energy Intensive Than Mining Any Other Material A shocking report by a British Journal Nature Sustainability shows that in the past two years, cryptocurrency mining has generated between 3 million and 15 million tons of carbon emissions.

2018-11-6 17:39	News
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Another Report Says Crypto Mining Uses More Power than Traditional Mining

A report published today has stated that mining $1 worth of Bitcoin requires more electricity than mining almost any material traditionally dug from the earth. The authors state that between three million and 15 million tons of carbon emissions have been caused by the sector over the last two years.

2018-11-6 00:00
mining report another says million uses power

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Op Ed: Bitcoin’s Energy Consumption Is Neither Frivolous Nor Excessive

As the CEO of Hut 8, one of North America’s largest cryptocurrency miners and the world’s largest publicly traded cryptocurrency miner, I’m often asked questions about energy consumption in the mining of cryptocurrency.

2018-11-1 23:35	Op-ed
bitcoin energy mining currency use world traditional

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Russian Church Docked $15,000 for Illegal Bitcoin Mining

A local utility company in Russia ordered a church to pay higher electricity rates, in line with Russia’s existing legislation. Church Forced to Pay Higher Electricity Tariff An Evangelical Church in Irkutsk, Russia, which carried out illegal Bitcoin mining, has been asked to pay a one million rubles fine, equivalent to $15,000.

2018-10-16 20:50
church mining russia bitcoin pay illegal higher

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Bitcoin miners hit $4.7B in revenue this year, but its becoming unprofitable

Bitcoin miners have raised over $4. 7 billion in revenue so far this year, but rising electricity prices have rendered cryptocurrency mining almost completely unprofitable, even for the world’s biggest pools.

2018-10-9 15:33	hard fork
bitcoin mining miners revenue cryptocurrency year unprofitable

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ELONCITY Raises $20M For Blockchain-Based Energy Grid

ELONCITY, a new energy distribution model, is one step closer to becoming a reality. The AI Grid Foundation announced today that it has raised $20 million worth of funding for the project from a number of different investors, including some blockchain capital groups.

2018-10-1 07:01	Cryptocurrency News
eloncity energy grid raises 20m distribution blockchain-based

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Canadian city will kill power to $100M Bitcoin farm to keep citizens cool

Canada’s largest cryptocurrency mining operator has been threatened with having its power cut off. Due to growing environmental concerns, Hut 8’s Bitcoin operation in Medicine Hat is to be one of the first to go in case of intense heat waves, CBC reports.

2018-9-24 14:02	hard fork
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How pay-as-you-go solar solutions can electrify Africa — and generate profits for you

Over 1. 1 billion people have no access to electricity worldwide. Instead, they rely on kerosene lamps, candles, and inefficient cookstoves, which by themselves cause health and environmental problems.

2018-7-20 14:43	Africa
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Titanium and Deuterium, Shaken, not Stirred: Deneum Reveals its Power Station to Revolutionize Global Energy Market, Gears Up For $89 Million ICO

Deneum Breakthrough in Particle Physics Allows its Power Stations to Generate 95 percent Cheaper Electricity, Autonomously, at Any Conditions. Moscow, July 19, 2018: Deneum, an IT company to shift the paradigm of the energy industry with its Deneum Power Station, announced it had successfully concluded a $770 000 private sale.

2018-7-19 18:30	Press Release
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[promoted] Earning Bitcoin From the Sun

There are over 600 million Africans living without electricity despite an abundance of sunshine and hundreds of thousands of solar projects on the drawing board.

2018-7-17 17:41	Bitcoin
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Abandoned Intel Manufacturing Complex Bought for $13M to Mine Bitcoin

Following such places as Quebec and New York, the latest location in North America to attract large Bitcoin mining operations with a cheap supply of electricity is Colorado Springs. A miner has paid $13 million to convert an abandoned Intel chip manufacturing complex into an industrial mining farm.

2018-6-25 19:40	USA
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Bitcoin Inside: Crypto Mining Farm to Open in Former Intel Facility

California-based 3G Venture II has paid $13 million for a significant portion of an old Intel chip plant in Colorado Springs, which it intends of turn into a new bitcoin mining operation. Mining Farms Opening Around the World Miners have been flocking to cities that offer cheap electricity to reduce costs and increase profits, and it looks like Colorado Springs may join the list.

2018-6-23 07:00
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“No Grounding In Reality”: BIS Report Tells A Strange Crypto Story

Earlier this week, the Bank of International Settlements (BIS) in Switzerland issued a new document as part of its annual economic report that warns citizens of the dangers of digital currencies.

2018-6-20 22:29
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2019-1-1 08:00

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