Mining

15/07/19 14:00 UTC-4

They stole electricity for $ 3 million to mine cryptocurrency

To mine cryptocurrency, they stole electricity for 3 million dollars
To mine cryptocurrency, they stole electricity for 3 million dollars

Today, July 15, the police in Jiangsu Province (China) confiscated about 4,000 miningMining
– is a type of activity for creating new blocks in the Blockchain to ensure proper system operation. Details
devices and arrested more than 20 people. The reason for this was the massive theft of electricity in the amount equivalent to $ 3 million. This was written by the local edition of the Guardian.

 

Electricity theft for mining

According to the information, today police in the eastern Chinese province of Jiangsu (in Zhenjiang) arrested more than 20 people. The reason for the arrest was the theft of electricity to provide mining farms for 4000 engineering units.

The total amount of stolen electricity was about 20 million yuan, equivalent to 3 million dollars.

“In terms of value, this is the loudest case in terms of the amount of stolen electricity that has occurred in Jiangsu since the founding of the new China”, – from a police statement in Zhenjiang.

They stole electricity for $ 3 million to mine cryptocurrency. Recall that a few days ago, attackers stole from a Japanese licensed cryptocurrency exchanger more than $ 10 million in a cryptocurrency equivalent. 

 

Editor: Alyona Nabok

See also: "Bitcoin consumes more energy than the population of Israel and Switzerland"

#China #mining #electricitytheft #miningfarm #illegalminingfarm

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