A Chinese household has been stealing electricity to mine bitcoin using 50 mobile phones and 15 improvised mining rigs. The home workshop has consumed almost 33,000 kWh of unbilled electricity.
That should be enough for a couple of bitcoins, but using a smartphone for the job is not really an option. Also read: 80% of the 21 Million Bitcoins Have Been Mined Into Existence An electric utility company in China has uncovered an illicit mining operation that was simply not worth the risk.
A household in the province of Guangdong was caught stealing electricity to power a bitcoin mining farm at home. The improvised facility was found by workers from the Meizhou municipal branch of the China Southern Power Grid Company.
During a routine inspection in Fengshun County they discovered some illegally connected power cables and became suspicious. The cables ran over a back alley to the upper floor of a residential building.
They powered 56 mobile phones and 15 homemade mining rigs, as seen on the photographs posted on the popular Chinese microblogging platform Weibo. According to the South China Morning Post, the equipment has been used to mint bitcoins. Read more from news.bitcoin.com…
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