China Throws Bitcoin-Mining Grandma in Jail for Electricity Theft

2019-5-28 20:15

By CCN: Chinese authorities sentenced a 61-year-old grandmother to four months in jail for stealing electricity while mining bitcoin. Qiuping Tang was also fined 10,000 yuan (about $1,500) for electricity theft.

A federal court in the Hebei Province of China made the decision pursuant to a lawsuit filed by the Tangshan Power Supply Company, Chinese media reported. Specifically, Tang was charged with stealing about $1,300 worth of electricity while mining bitcoin between January and October 2018. Tang’s Bitcoin Mining Profits Were a Meager $940 Bitcoin mining uses a lot of electricity, so it’s no surprise that power theft is a

The post China Throws Bitcoin-Mining Grandma in Jail for Electricity Theft appeared first on CCN

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Источник: ccn.com

electricity theft → Результатов: 5


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Regulations Round-Up: Holland Targets Electricity Theft, MI Republican Wants More Oversight

In recent regulatory news, Dutch police have reported an increase in electricity fraud associated with crypto mining, a Michigan Republican member of the House Financial Services Committee has urged Congress to make the development of clear guidelines overseeing the cryptocurrency industry a top priority, and digital currency advocacy group, Chamber of Digital Commerce, has published […] The post Regulations Round-Up: Holland Targets Electricity Theft, MI Republican Wants More Oversight appeared first on Bitcoin News.

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