Thai authorities bust Bitcoin mining farm in multi-million Baht electricity theft scandal

• Authorities uncovered a large Bitcoin mining scheme in Thailand, seizing almost 1,000 machines.
• The operation strained Thailand’s energy grid, echoing international considerations over crypto mining’s vitality influence.

A Bitcoin [BTC] mining operation in Chonburi, Thailand, has been shut down after authorities uncovered a large electrical energy theft scheme. Almost 1,000 mining machines had been seized within the raid, highlighting the size of the criminal activity.

The operation was siphoning electrical energy at a staggering stage, 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 ability 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 ability meter functioned usually in the course of the day. This strategic misuse allowed the operation to mine Bitcoin with out incurring important electrical energy prices.

Authorities accused these concerned of stealing massive 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. Nevertheless, the corporate or people liable 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 rising want for stringent laws and monitoring of cryptocurrency mining in Thailand.