Spanish Police Raid Suburban House Allegedly Running Illegal Crypto Operation, S

DdmrDdmr

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Quote from: SFR10 on August 26, 2021, 11:33:27 AM

<...> Does anybody know what's the nationality of the women they've arrested? <...>

There’s not much of a follow-up on the media (they all echo nearly the same exact content), and no reference to the nationality or any other information on the woman that was detained in the operation. I’d be surprised if she was the only person involved.

Since the current charges are those related to electrical fraud, punishable with a fine, there’s not much more to it … unless the bitcoin mining leads to some wrongdoing with the generated bitcoins (currently under investigation).

SFR10

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Quote from: laurenB7742 on August 26, 2021, 01:58:57 AM

Did they do bitcoin mining or GPU mining?

Based on the "video ^{[skip to 0:38]}" that the Police released on Aug 20, they were definitely using ASIC rigs; in other words, it's either BTCitcoin mining or a few other cryptocurrencies that also have ASICs built for them.

Does anybody know what's the nationality of the women they've arrested?
^{- IIRC, all of the recent incidents ^{[three other countries]} had "at least" a single Chinese national behind its operation.}

cryptomaniac_xxx

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What made them illegal operation? Do they have to register their mining operation to the local authorities before starting something? This is the first time that I've seen this from happening because most mining operations that get caught doesn't have the mining as the exact reason for seizure.

As per the article:

Quote

The police had initially suspected the crypto mining operation to be an indoor cannabis farm due to the high electricity consumption and excessive heat coming from the house.

So that's the first sign that something is not right around that place, high electricity being consume and then the heat that it emits outside.

I'm not really sure if this is bitcoin or other crypto that are being mine because it is not mentioned in the article. But most likely it is because of the huge electricity being generated and the heat.

DdmrDdmr

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Mining in Spain is perfectly legal, albeit very expensive. The issue here began with the farm draining large amounts of electricity in an illegal manner (i.e. plugged into the main network without going through their own meter). This, alongside high thermal prints, led the police to intervene, believing they were really on to a marihuana farm.

The woman detailed is accused of committing fraud to the electric fluid company, but on top of that, the police are investigating if the bitcoins that were obtained through the farm were being processed in a legal manner (AML and so forth).

See (in Spanish):
http://www.interior.gob.es/es/web/interior/noticias/detalle/-/journal_content/56_INSTANCE_1YSSI3xiWuPH/10180/13720954/

CryptoBuds

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Quote from: laurenB7742 on August 26, 2021, 01:58:57 AM

Quote from: Nathrixxx on August 25, 2021, 04:05:33 PM

Spanish Police Raid Suburban House Allegedly Running Illegal Crypto Operation, Seize Over 100 Miners
Spain’s National Police say they have dismantled an alleged illegal cryptocurrency mining operation that was being run from a residential property.
A tweet from Spain’s National Police account says that over 100 machines were being used in the crypto mining operation in the Spanish city of Toledo.

Did they do bitcoin mining or GPU mining? If Bitcoin had been mining, there would have been a lot of sound pollution from such a large firm, nowhere is it mentioned whether they used soundproof rooms. So, how did they hide their farm from noise production?
Is mining Bitcoin banned in Spain? I have never heard any news that the Spanish government has banned Bitcoin.

I think they were doing Graphics mining, that's why they could able to be hidden easily.
Cryptocurrency is not banned in Spain, nor crypto mining. But those miners are accused cause they had been using illegal electrical lines for mining.
Not only in the case of mining, but unscrupulous individuals also use stealth electrical connections to avoid power consumption in various cases. Many times they take these illegal electrical connections by abusing political power.

By the way, Miming Bitcoin is ok in Spain, and it is considered as the same laws as barter transactions.

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Quote from: Nathrixxx on August 25, 2021, 04:05:33 PM

Spanish Police Raid Suburban House Allegedly Running Illegal Crypto Operation, Seize Over 100 Miners
Spain’s National Police say they have dismantled an alleged illegal cryptocurrency mining operation that was being run from a residential property.
A tweet from Spain’s National Police account says that over 100 machines were being used in the crypto mining operation in the Spanish city of Toledo.

Did they do bitcoin mining or GPU mining? If Bitcoin had been mining, there would have been a lot of sound pollution from such a large firm, nowhere is it mentioned whether they used soundproof rooms. So, how did they hide their farm from noise production?
Is mining Bitcoin banned in Spain? I have never heard any news that the Spanish government has banned Bitcoin.

Nathrixxx

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Quote

“This is how we dismantled an illegal mining farm in criptomonedas (cryptocurrencies) in a chalet Toledo. It had more than 100 processors in operation and equipment for cooling and extraction of smoke and heat. The farm was maintained through an illegal connection to the electricity supply.”
https://dailyhodl.com/2021/08/25/spanish-police-raid-suburban-house-allegedly-running-illegal-crypto-operation-seize-over-100-miners/

The Daily Hodl
Spanish Police Raid Suburban House Allegedly Running Illegal Crypto Operation, Seize Over 100 Miners
Daily Hodl Staff August 25, 2021

Spain’s National Police say they have dismantled an alleged illegal cryptocurrency mining operation that was being run from a residential property.

A tweet from Spain’s National Police account says that over 100 machines were being used in the crypto mining operation in the Spanish city of Toledo.

Topic: Spanish Police Raid Suburban House Allegedly Running Illegal Crypto Operation, S (Read 89 times)