[2014-04-04] Suspect Arrested For Mining Bitcoins Using Stolen Electricity

bryant.coleman

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Quote from: Bit_Happy on April 05, 2014, 02:30:50 AM

Wait a minute....
Some "dummy" wants free electricity and he actually gets arrested;
Mark K steals over 600,000 BTC and the police are slowly starting to get involved?
^^^
Do you see anything wrong (or unfair) with this?

The difference is that Mark K can afford elite legal help, which will make sure that he is never prosecuted for his crimes. So the moral lesson is: If you want to commit robbery, then do it for very large amounts. Make sure that there is more than enough money to pay for the lawyers. And also, some to bribe the officials.

zhouhuiyan520

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Community

Quote from: pabloangello on April 04, 2014, 04:49:34 AM

Quote from: Lethn on April 03, 2014, 09:32:43 PM

Quote

An engineer working for the company distributed it to customers. Then, he deposited approximately $4,000 in bitcoins to his personal bank account.

This information is wrong, you can't deposit Bitcoin in a bank account, it should be saying "he deposited $4,000 made from the sale of the Bitcoins to his personal account".

Journalists as always didn't do their homework. It is weird that such a mistake comes from a cryptocurrency news website.

yep, it is tricky!! lol

Bit_Happy

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A Great Time to Start Something!

Wait a minute....
Some "dummy" wants free electricity and he actually gets arrested;
Mark K steals over 600,000 BTC and the police are slowly starting to get involved?
^^^
Do you see anything wrong (or unfair) with this?

freedomno1

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Learning the troll avoidance button :)

Quote from: Ripdon007 on April 04, 2014, 06:44:19 PM

Quote from: freedomno1 on April 04, 2014, 04:03:52 PM

Quote from: Lethn on April 03, 2014, 09:32:43 PM

Quote

An engineer working for the company distributed it to customers. Then, he deposited approximately $4,000 in bitcoins to his personal bank account.

This information is wrong, you can't deposit Bitcoin in a bank account, it should be saying "he deposited $4,000 made from the sale of the Bitcoins to his personal account".

This article was poorly written

The mining machines have been confiscated by the authorities and are now being examined to find evidence of other illegal activities.

To my knowledge an ASIC can only mine lol

I think those asics were hooked up to a computer or computers... that's what they took to check out.

That is what they likely meant but still it says the mining machines not the computers were confiscated lol.

Ripdon007

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Quote from: freedomno1 on April 04, 2014, 04:03:52 PM

Quote from: Lethn on April 03, 2014, 09:32:43 PM

Quote

An engineer working for the company distributed it to customers. Then, he deposited approximately $4,000 in bitcoins to his personal bank account.

This information is wrong, you can't deposit Bitcoin in a bank account, it should be saying "he deposited $4,000 made from the sale of the Bitcoins to his personal account".

This article was poorly written

The mining machines have been confiscated by the authorities and are now being examined to find evidence of other illegal activities.

To my knowledge an ASIC can only mine lol

I think those asics were hooked up to a computer or computers... that's what they took to check out.

Bit_Happy

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A Great Time to Start Something!

Mining for bitcoin at one point in time was very easy and did not require much electricity or that much computer power. As the digital currency is becoming more widespread, mining for the coins is also becoming difficult. Much energy and proficient computers with well-equipped power is needed to mine for bitcoins. One bitcoin user allegedly used another person’s electricity to power his own computer to mine for the digital currency.
Mining Bitcoins Using Stolen Electricity

Dutch News channels reported the incident and revealed that a 43 year old resident living in a city in the Netherlands called Tilburg was arrested on the charges of stealing electricity to power 21 mining computer machines.

Another greedy fool in trouble.

freedomno1

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Learning the troll avoidance button :)

Quote from: Lethn on April 03, 2014, 09:32:43 PM

Quote

An engineer working for the company distributed it to customers. Then, he deposited approximately $4,000 in bitcoins to his personal bank account.

This information is wrong, you can't deposit Bitcoin in a bank account, it should be saying "he deposited $4,000 made from the sale of the Bitcoins to his personal account".

This article was poorly written

The mining machines have been confiscated by the authorities and are now being examined to find evidence of other illegal activities.

To my knowledge an ASIC can only mine lol

notthematrix

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CryptoTalk.Org - Get Paid for every Post!

Quote from: pabloangello on April 04, 2014, 04:49:34 AM

Quote from: Lethn on April 03, 2014, 09:32:43 PM

Quote

An engineer working for the company distributed it to customers. Then, he deposited approximately $4,000 in bitcoins to his personal bank account.

This information is wrong, you can't deposit Bitcoin in a bank account, it should be saying "he deposited $4,000 made from the sale of the Bitcoins to his personal account".

Journalists as always didn't do their homework. It is weird that such a mistake comes from a cryptocurrency news website.

In holland they have a standard press tamplate for drugs , they expected to find drugs but they foubnd miners , and simp;y replaced the words , durgs , for bitcoin ,, getting this result.

pabloangello

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Quote from: Lethn on April 03, 2014, 09:32:43 PM

Quote

An engineer working for the company distributed it to customers. Then, he deposited approximately $4,000 in bitcoins to his personal bank account.

This information is wrong, you can't deposit Bitcoin in a bank account, it should be saying "he deposited $4,000 made from the sale of the Bitcoins to his personal account".

Journalists as always didn't do their homework. It is weird that such a mistake comes from a cryptocurrency news website.

RichardChanze

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greed knows not limit. Shocked

minime

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greed eats brain...

bryant.coleman

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I wonder how did he managed all those two dozen mining rigs at one place... How many air-conditioners did he had?

Lethn

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Quote

An engineer working for the company distributed it to customers. Then, he deposited approximately $4,000 in bitcoins to his personal bank account.

This information is wrong, you can't deposit Bitcoin in a bank account, it should be saying "he deposited $4,000 made from the sale of the Bitcoins to his personal account".

Ripdon007

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Activity: 280

Merit: 100

wtf is wrong with ppl lool https://coinreport.net/suspect-mining-bitcoins-electricity/

Topic: [2014-04-04] Suspect Arrested For Mining Bitcoins Using Stolen Electricity (Read 2585 times)