By Mark Hunter
13 hours agoFri Jan 10 2025 11:21:41
Checking out Time: 2 minutes
- Thai authorities have actually taken apart a considerable unlawful Bitcoin mining operation in Chonburi province, taking 996 mining makers
- The operation had actually illegally taken in electrical energy worth numerous countless baht by damaging power meters
- This crackdown belongs to Thailand's continuous efforts to fight unapproved cryptocurrency mining activities
Thai authorities have actually busted a massive Bitcoin mining operation whose operators damaged electrical power meters in order to utilize ‘totally free' electrical energy. The mining farm, situated in Chonburi province, was robbed by Thai police in association with the Provincial Electricity Authority (PEA), who had actually exercised that the operators had actually controlled power meters to take electrical energy valued at numerous countless dollars. Authorities seized 996 mining makers throughout the raid and are actively looking for those accountable for the illegal operation.
Irregular Electricity Consumption Leads to Discovery
The raid was performed by the Crime Suppression Division (CSD) in cooperation with the PEA following suspicions of unusual electrical power intake in the area. Upon examination, they found 996 ASIC Bitcoin mining devices running with tampered power meters.
An employee on-site confessed that the electrical power theft was managed to happen primarily during the night to avert detection. The CSD has actually not yet recognized the people or entities behind the Chonburi operation, and efforts are underway to acquire court warrants for the arrest of those included.
National Implications
This event becomes part of a more comprehensive pattern in Thailand, where prohibited Bitcoin mining operations have actually been discovered in different provinces. In October 2024, authorities took apart 10 prohibited mining setups in Kanchanaburi's Tha Muang district, where tampered electrical power meters resulted in state losses surpassing 20 million baht ($577,000).
In May 2024, a raid on a deserted ice factory in Samut Sakhon resulted in the seizure of devices worth over 70 million baht ($2.2 million), with the operation triggering month-to-month electrical energy losses of about 10 million baht ($288,000).
These events highlight the difficulties dealt with by Thai authorities in managing cryptocurrency mining activities, particularly worrying unapproved operations that lead to considerable monetary losses and possible threats to the stability of the nationwide power grid.
