I have a friend in an African country called Ghana who is a crypto trader, days ago he called me to ask about Bitcoin mining and I am pretty sure that he is very interested and ready to spend a hefty amount of money, I was happy to be a part since he wants my advice on how to go about it.
What I don't like about the plan is how he wants to set up 20 Asic miners using illegal electricity, I told him to drop the idea, there is no way he won't be caught sooner or later, we are still on the matter, and I do hope he listens.
Fast forward to Yesterday, I saw this online, happening in Thailand right now, this wasn't the first time, months back, some illegal mining farms in Thailand were bursted, 40 Bitcoin miners here and another 50 in an underground area in different locations, now it is becoming a tug of war for Thailand government.
https://english.alarabiya.net/News/world/2024/05/03/thailand-police-raid-illegal-bitcoin-mining-operation-I don't understand why people are becoming so greedy with Bitcoin mining.
How can you have the money to buy 690 Asic miners, thats millions of dollars and you plan to plug all these miners using illegal electricity? There is no way the electricity association won't know that something is up, it is only a matter of time.
Also, if one can have millions of dollars to invest in Asic miners, one won't be spending this much to buy lots of Solar panels at discounts from companies directly, maybe six figures in buying panels and it will do, then use the grid power at night and
Pay For the Grid.If you are doing this it is better to stop, or you might end up in the prison and you will lose a lot of money, your Asics will be destroyed or seized not never exist again, it is not a must to start mining Bitcoin and if you want to do it, please do it the right way.
Abstain from illegal mining operations.
