June 18, 2024

7,000 bitcoin miners confiscated during a police raid in China

Authorities in Tangshan have seized 6,890 ASIC miners illegally connected to the power grid. About itTrustnodes reports citing local media.

7,000 bitcoin miners confiscated during a police raid in China

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Police raids took place in more than 70 thousand households, as well as in factories, retail outlets and communities. In one of the villages, 1906 bitcoin miners were connected to a private transformer.

As a rule, the police receive tips from power plants that notice consumption violations at their sites. To prevent theft of electricity, such raids will be conducted more often.

The further fate of the confiscated ASIC miners is not reported.

Note that despite the negative attitude of the PRC authorities to cryptocurrencies, mining in the country is not prohibited.

Earlier, ForkLog reported that a mining farm was discovered in the basement of a Moscow restaurant behind a drywall, which has been working there since 2017 without the knowledge of the owner of the establishment.