- Authorities uncovered an enormous Bitcoin mining scheme in Thailand, seizing almost 1,000 machines.
- The operation strained Thailand’s energy grid, echoing world considerations over crypto mining’s vitality affect.
A Bitcoin [BTC] mining operation in Chonburi, Thailand, has been shut down after authorities uncovered an enormous electrical energy theft scheme. Practically 1,000 mining machines had been seized within the raid, highlighting the size of the criminality.
The operation was siphoning electrical energy at a staggering degree, elevating considerations concerning the pressure on Thailand’s energy grid and the broader implications of its rising crypto ecosystem.
Thailand: Authorities uncover high-scale electrical energy theft scheme
Thailand’s Crime Suppression Division (CSD) and the Provincial Electrical energy Authority (PEA) uncovered a bootleg Bitcoin mining operation in Chonburi.
Authorities raided the positioning in Phanat Nikhom after discovering proof that the power had tampered with its energy meter to steal electrical energy.
The theft reportedly occurred primarily at night time to keep away from detection, whereas the facility meter functioned usually through the day. This strategic misuse allowed the operation to mine Bitcoin with out incurring important electrical energy prices.
Authorities accused these concerned of stealing giant quantities of electrical energy to energy the machines, with the operation uncovered by a workforce led by Pol Maj Gen Montree Theskhan, commander of the CSD.
Multi-million greenback operation strains Thailand’s vitality grid
Worker reveals nighttime theft, operators nonetheless unidentified
An worker on the website admitted that electrical energy theft occurred completely at night time, utilizing a tampered energy meter to cover the operation’s vitality consumption. Nonetheless, the corporate or people answerable for orchestrating the scheme stay unidentified.
The CSD has introduced plans to hunt court docket warrants to trace down and arrest the operators behind the unlawful mining exercise. This incident underscores the growing want for stringent rules and monitoring of cryptocurrency mining in Thailand.
