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Author Topic: Anhui Bitcoin Mining Farm Seized By Chinese Police For Stealing Electricity  (Read 238 times)
OmegaStarScream
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December 16, 2016, 11:09:42 AM
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The Chinese law enforcement cracked down on a Bitcoin mining farm in Bengbu, Anhui province, for illegally allocating a local electric power company's energy source for Bitcoin mining operations. The local police of Bengbu seized ASIC miners and other equipment used to mine the digital currency.

Xin’an Evening, a local news publication in China, revealed earlier this month that a family in the Anhui province used home energy sources provided by a local electricity service provider to mine Bitcoin.

The digital currency which the family obtained was used to finance the family’s expenditures. The news publication further noted that the family made enough money through its mining farm to finance up to 8 years of their future expenditure.

Like If we needed any more bad publicity , you could read the rest : https://cointelegraph.com/news/anhui-family-bitcoin-mining-farm-seized-by-chinese-police-for-stealing-electricity

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December 16, 2016, 11:27:59 AM
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already posted.

and not really a "farm"
more like 12 individuals at 12 locations with an average of less thab 84 ASICS each.

if using the farm analogy of say antpools 32,000 units. one guy with 50 units is considered a home gardener, hobbyest.

i dont expect this to be big news. i bet i can find thousands of people stealing electric/internet in america to do all sorts of things.

this is just a puff piece to exaggerate reality and make things sound massive. when really its small

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December 16, 2016, 11:35:28 AM
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already posted.

and not really a "farm"
more like 12 individuals at 12 locations with an average of less thab 84 ASICS each.

if using the farm analogy of say antpools 32,000 units. one guy with 50 units is considered a home gardener, hobbyest.

i dont expect this to be big news. i bet i can find thousands of people stealing electric/internet in america to do all sorts of things.

this is just a puff piece to exaggerate reality and make things sound massive. when really its small
They must be doing a large scale mining or else small electricity theft wouldn't have got noticed and made a news.
A lots of people must do electricity theft and despite police actions,it doesn't make a big news unless it is a BIG amount of electricity

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