attack vector and now this happened.
... I think the grid operator was not working for the government to attack Bitcoin in this case, because there was electricity theft.. but it just shows that it can be done. Interesting.
Topic: [2018-4-25]Chinese Police Seize 600 Computers Used To Mine BTC In. . . (Read 138 times)
April 25, 2018, 11:03:27 AM
"abnormal electricity usage attracted the attention of the local power grid operator" <---- This has been raised as a possible
attack vector and now this happened. ... I think the grid operator was not working for the government to attack Bitcoin
in this case, because there was electricity theft.. but it just shows that it can be done. Interesting.
attack vector and now this happened.
... I think the grid operator was not working for the government to attack Bitcoin in this case, because there was electricity theft.. but it just shows that it can be done. Interesting.
April 25, 2018, 10:30:15 AM
China is intensifying its pursuit against bitcoin, they are not resting, they are tightening the siege so that their people do not use bitcoin, but that was already expected, since china has adopted dark politics, has been restricting many things to his people... is a dark country, but you know what most shocks me of china? they chase bitcoin, but their citizens are responsible for the deaths of many animals around the world, the illegal traffic of ivory in most cases are the Chinese who are involved.
April 25, 2018, 08:26:42 AM
Police in the northern Chinese city of Tianjin have seized 600 computers used to mine Bitcoin, after abnormal electricity usage attracted the attention of the local power grid operator, CNBC reports April 25.
CNBC cites local media outlet Xinhua, which reported details from a local police officer saying that it was "largest power theft case in recent years,” and that “eight high-power fans” had also been seized.
Xinhua has not reported when the equipment was confiscated, but five people are reportedly under investigation and another has been detained.
Due to cheap electricity and hardware manufacture, China is a stalwart crypto mining superpower. A recent report showed that mining costs in China run to $3,172 per coin, which can offer miners a significant, if fluctuating, return.
Source: https://cointelegraph.com/news/chinese-police-seize-600-computers-used-to-mine-btc-in-tianjin
CNBC cites local media outlet Xinhua, which reported details from a local police officer saying that it was "largest power theft case in recent years,” and that “eight high-power fans” had also been seized.
Xinhua has not reported when the equipment was confiscated, but five people are reportedly under investigation and another has been detained.
Due to cheap electricity and hardware manufacture, China is a stalwart crypto mining superpower. A recent report showed that mining costs in China run to $3,172 per coin, which can offer miners a significant, if fluctuating, return.
Source: https://cointelegraph.com/news/chinese-police-seize-600-computers-used-to-mine-btc-in-tianjin
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