ohh/ I've read it on taklimakan. For one hand it looks funny how ur grandma is trying to do mining but in another hand it's so sad bc such a lady needs to think where to get some additional profit
Yeah, I completely agree with u. It's such a pity that chinese government can't give a proper payement for its citizens. But her acting encourages me 
Topic: 61-year Old Chinese Grandma Convicted For Stealing Electricity To Mine Bitcoin - page 2. (Read 872 times)
May 27, 2019, 01:20:00 PM
May 27, 2019, 01:17:45 PM
And I thought India is the only country where people steal electricity 
It actually sounded really cool to me. I would be rather proud to have such a grandma who has so much interest in using today's technology.
Though the stealing part is wrong, I personally take the positives out of this scenario.
It actually sounded really cool to me. I would be rather proud to have such a grandma who has so much interest in using today's technology.
Though the stealing part is wrong, I personally take the positives out of this scenario.
May 27, 2019, 01:08:38 PM
ohh/ I've read it on taklimakan. For one hand it looks funny how ur grandma is trying to do mining but in another hand it's so sad bc such a lady needs to think where to get some additional profit
I guess she is really well done. Gonna bet not everyone would dare for that. May 27, 2019, 01:07:02 PM
ohh/ I've read it on taklimakan. For one hand it looks funny how ur grandma is trying to do mining but in another hand it's so sad bc such a lady needs to think where to get some additional profit
May 27, 2019, 10:53:59 AM
It seems to me that the Chinese government should exonerate the mistress of that punishment, she is 61 years old, and even if she were defeating all the Chinese governments, they should give the woman more financial stability, since at that age people are more difficult qe can generate money, and is a lady who merce be respected.
I do not know how a government can be like that, well China is a communist, it is to be expected the treatment for their own people in that way, besides it was not even enough to satisfy their needs, I was just trying to pay for a service that for her should be free, You do not have to pay anything for having such an age.
I think it's an exaggeration for the government to treat the elderly like that.
I do not know how a government can be like that, well China is a communist, it is to be expected the treatment for their own people in that way, besides it was not even enough to satisfy their needs, I was just trying to pay for a service that for her should be free, You do not have to pay anything for having such an age.
I think it's an exaggeration for the government to treat the elderly like that.
May 26, 2019, 12:11:29 PM
Okay this is exceptionally hilarious 😂
I would have never imagined a granny to mine Bitcoins on the top of that to steal it and then get arrested .
Ok folks we have the old generation pretty interested in Bitcoins too , to be honest his is quite shocking because they prefer the cash system and traditional things .
Also isn't mining banned in China ?
Ok 😂
This is amazing.
I would have never imagined a granny to mine Bitcoins on the top of that to steal it and then get arrested .
Ok folks we have the old generation pretty interested in Bitcoins too , to be honest his is quite shocking because they prefer the cash system and traditional things .
Also isn't mining banned in China ?
Ok 😂
This is amazing.
May 26, 2019, 10:47:12 AM
Tang Qiuping, the convict, who only had Junior high school education will now face a four months jail term as well as pay a fine of 10,000 yuan (app. $1,450) for her crime.
Well, four months in jail is no spa resort,but you know what? In Stalin's Soviet Union she would get 25 years hard labor for such a crime. And I think even today if something similar happened in North Korea her sentence would be much more severe. Stealing national power(or any other) resources is no joke in Communist countries. So I am really pleasantly surprised by the legislative system of China today, and I'm glad that the brave grandma will not spend the rest her life in jail.
May 26, 2019, 10:25:40 AM
Maybe she wanted her mining to be profitable.
She must have done her profit calculation and discovered she will make little from mining bitcoin due to electricity cost.
It is interesting to see aged woman who is knowledgeable in crypto and technology stuff. It is unfortunate she got herself into trouble.
Or it can possibly she was tasked to do it, i doubt an elderly will take interest in crypto, even elders now have a hard time adapting to technology, it's quite rare to see a elderly know something about crypto. She must have done her profit calculation and discovered she will make little from mining bitcoin due to electricity cost.
It is interesting to see aged woman who is knowledgeable in crypto and technology stuff. It is unfortunate she got herself into trouble.
May 26, 2019, 10:15:37 AM
Maybe she wanted her mining to be profitable.
She must have done her profit calculation and discovered she will make little from mining bitcoin due to electricity cost.
It is interesting to see aged woman who is knowledgeable in crypto and technology stuff. It is unfortunate she got herself into trouble.
She must have done her profit calculation and discovered she will make little from mining bitcoin due to electricity cost.
It is interesting to see aged woman who is knowledgeable in crypto and technology stuff. It is unfortunate she got herself into trouble.
May 26, 2019, 10:06:41 AM
Quote
A Thursday report from China disclosed that the Kaiping District People’s Court of Tangshan City, Hebei Province has sentenced a 61-year-old woman to prison for stealing national power resources for the mining of bitcoin.
https://coinfomania.com/61-year-old-chinese-grandma-convicted-mining-bitcoin/
Just imagine seeing your grandma during holidays and asking, "what's keeping you busy?", and the responded will be, "mining bitcoin"
. That will be priceless. . So for 10 months, this old lady has been 'stealing electricity', but it look closely at the article, it looks like the profit is around $940 only. But she has to pay $1450 + jail time.It's pretty unfair, why not pay only those money she stole? How long is she going to spend time in jail? She's 61, the last years of her life in jail
May 26, 2019, 09:15:04 AM
Well electricity today are expensive no matter where you are right now, if we're about to set up a mining rig it might took us months or years to recover our investments from the equipment to electricity and maintenance. A free electricity would make a big impact to recovering from the investment on equipment that's why a grandma finds a way to make a living but after all It's illegal.
If we really need to earn we might need to take risk too.
If we really need to earn we might need to take risk too.
May 26, 2019, 06:47:36 AM
Awesome grandma and i think she is the only one who consider stealing electricity for making money and according to the article she was in jail four months although her family offering refund from her earning however in my country i have been heard people stealing electricity for daily life but never thinking from it to making money and finally i saw bitcoin users not only belong to young people
May 26, 2019, 06:18:58 AM
Quote
A Thursday report from China disclosed that the Kaiping District People’s Court of Tangshan City, Hebei Province has sentenced a 61-year-old woman to prison for stealing national power resources for the mining of bitcoin.
https://coinfomania.com/61-year-old-chinese-grandma-convicted-mining-bitcoin/
Just imagine seeing your grandma during holidays and asking, "what's keeping you busy?", and the responded will be, "mining bitcoin"
. That will be priceless. . So for 10 months, this old lady has been 'stealing electricity', but it look closely at the article, it looks like the profit is around $940 only. But she has to pay $1450 + jail time.
May 26, 2019, 04:56:29 AM
Of course, an elderly person is a pity, I think there are pitfalls in this story, maybe a grandson or a son did this and the grandmother took the blame. And it is not clear how she stole electricity from the state, the article does not describe.
that actually does make sense, I mean it could be that grandma took the blame for someone else just as you said since it's just by nature for the parents to protect their child if we are talking maybe it's that grandma's relative or simply her family.However as the family has reimbursed the funds I guess it will be fine, but im pretty sure the police will still be looking after that grandma lol.
May 26, 2019, 02:31:45 AM
Of course, an elderly person is a pity, I think there are pitfalls in this story, maybe a grandson or a son did this and the grandmother took the blame. And it is not clear how she stole electricity from the state, the article does not describe.
May 26, 2019, 02:02:18 AM
If a young person is doing such a work of stealing electric power, he can also be pardoned. But if a 61-year-old experienced old woman has done such a thing then I think it's really shameful. If you look at it in other ways it is really a fun incident. Usually, we do not see any such incident. Anyway, many thanks to my grandmother for doing such a funny crime.
May 26, 2019, 01:54:19 AM
I get surprised of a 61 year grandma knowing about mining and running a rig. It is truly unbelievable, because in my country even the younger generation doesn't have any idea about bitcoin. This describes the growth of bitcoin within China as a trading asset as well in mining. These might also be the reason for China government to come up with plans to stop mining process within the country.
There is also a possibility that grandma just took the "crime" so that the sentence can be less if the real culprit can be sentenced. Anyway, this highlights that in China people are still interested to do business related to bitcoin and cryptocurrency in general but sadly the government had already closed this avenue for them by banning bitcoin in 2017 and likewise with mining this year. The Chinese government is using the concern on power consumption as the reason why bitcoin mining has to stop....whether people like it or not.
Well... this is a probability. A 61-year old female doesn't fit with our description of the typical Bitcoin user. And I never though about it. It looks like some of her relatives were stealing electricity for Bitcoin mining and when it was caught she came forward and admitted the crime. The charges are not going to last and most likely she will be acquitted.
May 26, 2019, 01:21:26 AM
I get surprised of a 61 year grandma knowing about mining and running a rig. It is truly unbelievable, because in my country even the younger generation doesn't have any idea about bitcoin. This describes the growth of bitcoin within China as a trading asset as well in mining. These might also be the reason for China government to come up with plans to stop mining process within the country.
There is also a possibility that grandma just took the "crime" so that the sentence can be less if the real culprit can be sentenced. Anyway, this highlights that in China people are still interested to do business related to bitcoin and cryptocurrency in general but sadly the government had already closed this avenue for them by banning bitcoin in 2017 and likewise with mining this year. The Chinese government is using the concern on power consumption as the reason why bitcoin mining has to stop....whether people like it or not.
May 25, 2019, 06:25:13 PM
Too interesting but unfortunately, Grandma still did the illegal thing and has to pay for it. Seeing an old lady suffering from this mess, I hope it could be an eye opener for a miner not to do this anymore. If they can't afford to pay the electricity, stop mining. Lol. It is not profitable nowadays to mine crypto coins.
May 25, 2019, 02:12:14 PM
Seriously, this is the funniest piece of news I've seen in a while. Didn't even bother reading it in details but you guys if you're not familiar with grandmothers from our part of the world, they be some of the nastiest people ever. Would do anything, for a son/daughter, probably that's what happened here. Maybe not much different from nans in any other part of the world maybe?
Reminds me, plenty of people bragging online these days about stealing electricity.
Reminds me, plenty of people bragging online these days about stealing electricity.
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