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Topic: 61-year Old Chinese Grandma Convicted For Stealing Electricity To Mine Bitcoin - page 4. (Read 872 times)

hero member
Activity: 2842
Merit: 772
I somehow find this cool despite the violations she committed (if this is true). The fine is just reasonable, she could have been handed harsher penalties. I wonder who thought her all the mining stuff.  

Of course it's really cool to hear someone as old as her, involving herself in crypto. I mean we initially though that crypto is more of a millenial thingy, but this old lady prove otherwise.

And we also know that bitcoin mining is rampant in China, so maybe someone really teach her the ins and outs of making a mining rig. But I'm sure she has accomplices here, specially how to setup the hardware and the software and tapping into that (stealing) free electricity.
sr. member
Activity: 2366
Merit: 448
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ignore the age and the "grandma" part and you can see how this is a very normal news not worth reading. someone was doing something illegal and got caught doing it. now they are paying the price of their wrongdoing with a fine and jail time. this is happening every day with people with all ages and backgrounds doing all kinds of illegal stuff and getting caught doing them, so it is not really something newsworthy!

Besides that, the article didn't say how the authorities caught the granny. So part of me says that this could be another click-bait article though. Bad journalism, and probably the author just add another hype, the age and the 'grandma' part, Lol.
Just getting attention that's how he manage to drag this title, would be an interesting to read but like what the previous post was said, if you removed the title it would be nothing an ordinary news about stealing from the government national power.

She's already 61 years old for sure she knew already how strict the government from her country, she's ready to take the consequence to get some penny.
I think this story is creative, and this is an example that young people cannot be inferior to parents who are obsessed with bitcoin mining despite doing the wrong thing by stealing electricity.
I think the article about the story of the 61-year-old grandmother is funny and interesting and it all depends on their respective judgments.
full member
Activity: 686
Merit: 108
I somehow find this cool despite the violations she committed (if this is true). The fine is just reasonable, she could have been handed harsher penalties. I wonder who thought her all the mining stuff.  
A very rare case to see old people mining bitcoin, she really rocks this market. Anyway, China will punish that woman despite of her age, i just hope that her bitcoin is still safe and place on the safe wallet don’t let Chinese government to confiscate that because you work hard on that despite of the way you choose.
sr. member
Activity: 882
Merit: 301
I somehow find this cool despite the violations she committed (if this is true). The fine is just reasonable, she could have been handed harsher penalties. I wonder who thought her all the mining stuff.  
hero member
Activity: 1302
Merit: 540
ignore the age and the "grandma" part and you can see how this is a very normal news not worth reading. someone was doing something illegal and got caught doing it. now they are paying the price of their wrongdoing with a fine and jail time. this is happening every day with people with all ages and backgrounds doing all kinds of illegal stuff and getting caught doing them, so it is not really something newsworthy!

Besides that, the article didn't say how the authorities caught the granny. So part of me says that this could be another click-bait article though. Bad journalism, and probably the author just add another hype, the age and the 'grandma' part, Lol.
Just getting attention that's how he manage to drag this title, would be an interesting to read but like what the previous post was said, if you removed the title it would be nothing an ordinary news about stealing from the government national power.

She's already 61 years old for sure she knew already how strict the government from her country, she's ready to take the consequence to get some penny.
hero member
Activity: 2660
Merit: 551
ignore the age and the "grandma" part and you can see how this is a very normal news not worth reading. someone was doing something illegal and got caught doing it. now they are paying the price of their wrongdoing with a fine and jail time. this is happening every day with people with all ages and backgrounds doing all kinds of illegal stuff and getting caught doing them, so it is not really something newsworthy!

Besides that, the article didn't say how the authorities caught the granny. So part of me says that this could be another click-bait article though. Bad journalism, and probably the author just add another hype, the age and the 'grandma' part, Lol.
legendary
Activity: 3472
Merit: 10611
ignore the age and the "grandma" part and you can see how this is a very normal news not worth reading. someone was doing something illegal and got caught doing it. now they are paying the price of their wrongdoing with a fine and jail time. this is happening every day with people with all ages and backgrounds doing all kinds of illegal stuff and getting caught doing them, so it is not really something newsworthy!
legendary
Activity: 2450
Merit: 1047
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" Grin. That will be priceless.  Grin. 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.

They should have pardoned her and not let her go to prison because of her old age since he already refunds the electricity that the old lady has used, the temptation is really high to use the electricity illegally in mining Bitcoin, I've known a lot of people here in our country doing just that and they are not yet caught.
full member
Activity: 714
Merit: 114
Wow cool story . i didnt thought that a 61 yr old granny will going to be interested on bitcoin .  mature people tend to ignore the latest trend and they foccus more on the outside world but maybe not all  . btw this granny is cool but what i dont like is that why he steal some electricity just to mine a bitcoin ? If he cant afford mining then he must do other bitcoin jobs instead .  poor granny .
full member
Activity: 644
Merit: 100
There are two sides that we can take as a lesson from this, firstly this can be a motivation for young people who still do not understand about bitcoin and crypto currencies, an elderly grandmother understands how to mine bitcoin even though he does not think how much it should he paid while there were still many young people who were afraid to do so. Second, to mine bitcoin requires careful calculations, especially in terms of costs. not only because we are tempted by the high price of bitcoin and we don't pay attention to the costs that we have to spend on mining.
hero member
Activity: 2002
Merit: 535
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.
It is possible to tackle the issue with an elderly person, but it is really a cruelty if that is the truth, even i do not think that a old person could mine bitcoin, i am not sure whether that old lady is a IT expert or into electronics, if not there is no way in hell she is able to set a mining farm on her own. The article says that she accepted that she mined bitcoin, i think that old lady is covering for someone else in the family.
hero member
Activity: 1498
Merit: 596
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.
full member
Activity: 532
Merit: 187
Stealing electricity just make the cost of electric more expensive for everyone else that uses that power provider, so good it got stopped, but sending her to prison sounds like a hard punishment.
 But it's great to read that she knew how to set up a minging farm to secure the bitcoin network. Many people 20 or even 40 years younger than her has no idea about how to set up a wallet and use bitcoins.
full member
Activity: 742
Merit: 144
61 is not that old its like my father is now and he has also a bitcoin wallet.
but he is far away from mining.


regards
Depends on their way of living, some of them already having a problem with their self. Anyway, stealing electricity is illegal, and that’s why she was convicted. This can affect for the decision of China to totally ban cryptomining, if we really want to have a technology like bitcoin and do cryptomining then we should do it in a good and legal way. She’s old already, i hope she can still have a life outside the jail.
sr. member
Activity: 1150
Merit: 260
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Now, there is something that you don't hear bout everyday. I'm actually pretty surprised that she even knew what cryptocurrency was, let alone how to mine some, lol!  I got a real kick out of this article, this made my day  Cheesy
It's good to see people intrested in blockchain tech, unfortunately it was through criminal enterprise.
hero member
Activity: 2044
Merit: 784
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it is said in the article that the grandma admitted that she already sold some of the profit she made through mining bitcoin.
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.  

"Her family members were reportedly regretful for her actions and offered to refund the 6500 yuan income, which is now paid"
I agree with you. The family or someone else was probably using her to run the mining business while protecting their identity.
There is no way a 61 years old lady (that only had junior high school education) could be mining bitcoin by herself without assistence of another person, with technological and informatical knowledge.
member
Activity: 630
Merit: 10
rocket.hashbon.com
Is it real?
Well, too difficult to say this. A Grandma, with her spirit to mine Bitcoin, it's wow...
However, stealing electricity for mining? Personally, I really don't have that idea. She is very brave, but she really takes the risky and wrong ways for mining.
I hope that we can be wiser when going for mining Bitcoin in order to get more and more BTC. This is not, for example, this is for a lesson.
hero member
Activity: 1834
Merit: 523
I was shocked for this, I hope she will not stealing electricty because she caught the will go to the jail. I think why she do that because she wants to earn more money because she have legal electrcity she will pay monthly . In my country they have a lot of jumper or stealing electricty but once they caught they will not go to prison. She is miner of bitcoin and in her age Im surprised for that.
legendary
Activity: 2366
Merit: 1408
And it happened in China, where electricity is cheaper than the rest of the world
Here in Brazil we have a lot of people who steals electricity and this affects the price of energy we pay, it's a shame
Stealing electricity is not a new thing as you can see those kind of activities in many third world countries, but are the people in Brazil stealing electricity for mining, if that is the case i will be surprised  Shocked.
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.

Yes bro, I live in Brazil and we have some local foruns to discuss about games, computers and cryptos in general, and there is a lot of people who steals electricity for mining
In Brazil we have some poor places where people live and most of all are controlled by criminals, and they steal energy, tv, water, internet...
hero member
Activity: 2184
Merit: 531
61? She's not that old. Most people at that age aren't even retired.

I like what she did. She broke the stereotype that old people don't understand new technologies. She should be invited to teach youngsters and make them jealous that an  older woman can do nerdy things and that it's never too late to learn.
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