Chinese Hebei Provinces Seize Nearly 7,000 ASIC Miners for Bitcoin Mining

The authorities of the Chinese province of Hebei seized 52 transformers and almost 7,000 specialized devices forBitcoin mining.

China Central Television reported thatThe police in the Tangshan City District, with the help of the energy department and other government agencies, checked over 70,000 households for energy consumption. In addition to private homes, factories, quarries, retail outlets and communities were tested.

In one of the villages managed to find a privatea transformer that supported the work of 1,906 ASIC miners. The investigation was continued and, as a result, 3 high-power transformers and 790 miners, which operated due to stolen electricity, were seized.

The final result of the inspection was the seizure of 52 transformers and 6,890 ASIC miners.Authorities have said they will conduct more frequent raids in the future to eradicate electricity theft.More often than not, the police get their information from the power plants themselves, which noticedisruption of consumption on their plots.

Although the Chinese authorities are legislativelybanned the exchange of cryptocurrencies, mining in the country is in the "gray zone" and is not formally prohibited. Moreover, recently this type of activity was removed from the list of undesirables. The authorities are primarily trying to stop the operation of illegal farms that steal electricity.

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