Bitcoin

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Thai authorities have discovered an illegal Bitcoin mining operation responsible for recent power outages in a town west of Bangkok.&nbsp;
According to <a href="https://www.scmp.com/news/asia/southeast-asia/article/3275823/thai-authorities-raid-illegal-bitcoin-mine-after-power-outages" target="_blank" rel="noopener noreferrer nofollow">local reports</a>, the raid took place on August 23 after residents complained about constant blackouts that had been affecting the area for over a month. The investigation started in mid-July when locals reported unexplained power failures.
The Provincial Electricity Authority (PEA) and local police traced the issue to a house in Ratchaburi. Upon inspection, they found that the property was being used to mine Bitcoin, an activity that consumes large amounts of electricity.
Jamnong Chanwong, the district’s chief security officer, said the house’s electricity usage was unusually high, while the payments made for the electricity were suspiciously low. This suggested that the operators were stealing power to run their mining equipment. The house had been rented by a company for about four months, which matches the period when the power outages began.
Although the authorities reportedly seized the equipment, no arrests were made during the raid. It is believed that those responsible fled once they realized the investigation was closing in on them. The case remains under investigation as officials work to identify the individuals behind the operation.
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Thai Authorities Bust Illegal Bitcoin Mining Operation Causing Power Outages

The Crypto Times

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