Chinese language legislation enforcement found a Bitcoin (BTC) mining operation in what gave the impression to be a number of underground burial we
Chinese language legislation enforcement found a Bitcoin (BTC) mining operation in what gave the impression to be a number of underground burial websites.
Native English-language information outlet Beijing Information reported on Could 31 that legislation enforcement discovered a bootleg mining operation within the northern Chinese language metropolis of Daqing. Extra exactly, the mining operation was situated in what gave the impression to be two burial mounds within the surrounding fields.
Mounds that housed the Bitcoin mining {hardware}. Supply: Beijing Information
Bitcoin mining with stolen electrical energy
Police determined to analyze the realm after a neighborhood oil agency instructed legislation enforcement about unexplained energy losses. The officers discovered an entrance within the neighborhood of the mounds and — after some digging — found Bitcoin mining {hardware} that was operating on stolen electrical energy.
Native media reported that, earlier the identical week, legislation enforcement discovered 54 Bitcoin mining rigs underneath a canine kennel in the identical county in Heilongjiang province.
Cryptocurrency mining operation underneath a canine kennel. Supply: GNW
China cracks down on Bitcoin mining operations
As cryptocurrency costs began to extend once more, so did individuals’s willingness to get into cryptocurrency mining.
Nevertheless, the federal government of the Chinese language province of Sichuan not too long ago introduced that native corporations should stop their cryptocurrency mining operations. That is notably noteworthy as, based on a Cambridge College research, the province is accountable for almost 10% of the worldwide Bitcoin hashrate.