Topic: 61-year Old Chinese Grandma Convicted For Stealing Electricity To Mine Bitcoin - page 3. (Read 872 times)
May 25, 2019, 01:35:16 PM
I can understand old people need money but never seen such actions taken for money. if old people can adapt to technology at this rate then I have no doubt about living in the internet :p. the internet is surely full of surprises and here is an example of it.never expected to see anything like this in my life yet it still did. grandma Rocks !!
May 25, 2019, 01:31:02 PM
I really didn't expect this to happen. If done by young people or productive age it might be. But is a 61-year-old grandmother? Cool or wow? Or something sad?
there isn't that much room for surprise in my opinion and not much "cool" thing about this news either. there are so many people who jump into things they don't understand just because someone hypes them up and the greed usually blinds them to the illegality of their actions (stealing electricity) so eventually they have to pay for their mistakes.
Opportunity makes a thief. Do you know why this saying is true in her case? Electricity is basically unprotected. It's there, outside your home, available for anyone who knows how to connect 2 wires. She made a mistake and will face the consequences, but let's not make a criminal mastermind out of her. Millions of people steal electricity, it's not a big deal. In India it's as common as urinating on the pavement. I guess if she was planting weed or stealing electricity to do the laundry there wouldn't even be an article about her.
May 25, 2019, 01:07:14 PM
I am not convinced that an old grandma understands how bitcoin mining works and she stole the electricity to mine bitcoin which is really weired, may be someone did that and she was caught instead. I am not a person who believes every media story and that is the reason i am skeptical about this news.
Maybe someone young from her family was really mining but when get caught they used grandma to tackle the lawsuit. Saying because the lawsuit could be easy to tackle with an old lady over a young one, just wondering. Maybe the sentence is low for old persons.
Because old persons can get BAIL easily and the young ones are not.
An easy and acceptable approach by defending lawyers could be "to consider her age and illness etc". It's not a killing case, it's just a case of stealing electricity.
I don't know how Chinese law works but in my place senior citizens can get bail for such a low crime. Though it needs some money to spend.
May 25, 2019, 12:26:46 PM
It's very fashionable grandmother.If even a grandmother in 61 years knows how to mine bitcoin,I am surprised by the degree of education of Chinese grandmothers. 
May 25, 2019, 12:14:04 PM
This story is really sad because at this age such an old woman should be resting and not spending such an unpleasant times in jail but i also admire her courage though. China is one of the countries which have banned cryptocurrencies for a very long time and she ignored all these laws to set up her mining rig. That is sure some level of courage. Big ups old woman, and i hope the government grants you bail in no time. Stay safe!
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May 25, 2019, 11:25:52 AM
If she is not caught, I am sure that she will be the rich person in her city
But after all, she still gets the profit from mining bitcoin, and I think she will continue to mining bitcoin because she knows that bitcoin can give her more money from the mining. I am curious what hardware she uses to mining bitcoin and where she was running the hardware.
But after all, she still gets the profit from mining bitcoin, and I think she will continue to mining bitcoin because she knows that bitcoin can give her more money from the mining. I am curious what hardware she uses to mining bitcoin and where she was running the hardware.
May 25, 2019, 10:57:47 AM
Since when is there a age restriction on being a criminal? Old people can also commit crimes but it is just less common, because they had loads of time to learn lessons in life to prevent incidents like this.
A lot of people commit crimes out of necessity and I cannot see if this granny was doing this to survive or if she just did this as an experiment.
In any way, she falls under the same laws as anyone else. 
A lot of people commit crimes out of necessity and I cannot see if this granny was doing this to survive or if she just did this as an experiment.
In any way, she falls under the same laws as anyone else. May 25, 2019, 10:53:32 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.LOL, maybe she was too bored that is why she thinks to mine bitcoin and watch the daily progress and since she figured out that she does not earn profit due to consumption of electricity she now decided to steal electricity to earn profit without any expense. Unfortunately, she has been convicted and need to pay for the damages she had done plus suffering on the jail.
May 25, 2019, 10:04:10 AM
I really didn't expect this to happen. If done by young people or productive age it might be. But is a 61-year-old grandmother? Cool or wow? Or something sad?
there isn't that much room for surprise in my opinion and not much "cool" thing about this news either. there are so many people who jump into things they don't understand just because someone hypes them up and the greed usually blinds them to the illegality of their actions (stealing electricity) so eventually they have to pay for their mistakes.
If she were just not so old I wouldn't find it surprising so this old lady figured it out by herself how to set up nodes and steal electricity from someone's line. I'm almost sure someone maybe techie enough to have set it up and let her guard the machines. Its not just her. On the hand it makes sense why they steal electricity, it looks like they are not profiting from it.
May 25, 2019, 10:00:50 AM
it doesn't make sense if it happens in my country, maybe 61 years is already quite old and I don't think it will go into jail but maybe only in a nursing home, so what surprised me is why a grandmother has the will to be part of technology this crypto currency, even though there are many out there young people who don't want to know this technology 
May 25, 2019, 09:41:01 AM
Chinese laws can be tough and we can expect this grandma to go to jail, at least for a few months. And this is not the first incident. A few weeks back there was the news of a man sentenced to 3 years in jail for the same crime. According to the authorities, he stole electricity worth a few hundred thousand USD. In this case, I expect the quantum of punishment to be lower.
May 25, 2019, 09:03:17 AM
I really didn't expect this to happen. If done by young people or productive age it might be. But is a 61-year-old grandmother? Cool or wow? Or something sad?
there isn't that much room for surprise in my opinion and not much "cool" thing about this news either. there are so many people who jump into things they don't understand just because someone hypes them up and the greed usually blinds them to the illegality of their actions (stealing electricity) so eventually they have to pay for their mistakes.
May 25, 2019, 08:56:17 AM
I really didn't expect this to happen. If done by young people or productive age it might be. But is a 61-year-old grandmother? Cool or wow? Or something sad?
Indeed, we know that many people are very enthusiastic about this one digital asset. Moreover, mining for some people is still very worthy.
Did the grandmother not think about the risks behind her actions? Or because he has done it for a long time so it has become a habit? We do not know the true condition of the grandmother.
Do we have to appreciate their courage and actions? Or sad about what was done?
Indeed, we know that many people are very enthusiastic about this one digital asset. Moreover, mining for some people is still very worthy.
Did the grandmother not think about the risks behind her actions? Or because he has done it for a long time so it has become a habit? We do not know the true condition of the grandmother.
Do we have to appreciate their courage and actions? Or sad about what was done?
May 25, 2019, 07:15:27 AM
Hahaha! grandma has found the real digital gold, she must have imagined "how do I let this god"? anyway her actions are condemn-able, but we can't deny she knows a valuable currency.
May 25, 2019, 03:15:25 AM
as much as I love seeing old people adapting to new technologies I think the family just made her an escape goat since
if the suspect is younger the sentence could be a lot more severe.
if the suspect is younger the sentence could be a lot more severe.
I would believe this theory. There is nothing left for the old lady to loss since she is already in her senior while a young if convicted will have a more severe penalty and his reputation and career will be tarnished. Salute for the sacrifice of the old lady probably because of her love for her family, but shame on those who used her as escape goat.
They were lucky they only need to pay the amount they stole plus some interest. If that happen in my country, the penalty will be much higher in terms of payment. It will be calculated on how long they have been using their electricity, let us say they only steal electricity for about a month but their record shows that they have been using their legal connection for 10 years, the fee will be calculated prior to that connection history.
May 25, 2019, 03:12:14 AM
Lol this is the cyberpunk soul.i would proud of her if my grandmother do that.her grndchild forced her to do it i think.
May 25, 2019, 02:29:20 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 25, 2019, 02:15:45 AM
Hahaha, that is a nice story to know Grandma was mining bitcoin, I am sure that he will not share how much his profit to the public.
I guess that in their country, they have a low-cost electricity fee, so they don't have to pay a high fee and that is why that grandma was trying to mining bitcoin.
Even if she should pay tax or else, she still gets the profit.
I guess that in their country, they have a low-cost electricity fee, so they don't have to pay a high fee and that is why that grandma was trying to mining bitcoin.
Even if she should pay tax or else, she still gets the profit.
May 25, 2019, 12:50:49 AM
Very rare news but this proves that age doesn't matter in crypto, this grandma is just to smart to be in the market early, and an average joe in crypto does not know how to mine bitcoin, but this Grandma is so awesome, however bad for him as he got caught and convicted.
May 25, 2019, 12:30:04 AM
I don't understand the need to steal electricity for mining purposes. 80% or upwards of the mining expenses are reserved for the capital costs (mining rigs, cooling equipment, electricity circuit boards.etc). The electricity costs are not that high and represents only a small fraction of the overall expenses. And adding to it, the electricity price per KWh is very low in China.
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