61-year Old Chinese Grandma Convicted For Stealing Electricity To Mine Bitcoin

[bittick]

Of course, an elderly person is a pity, I think there are pitfalls in this story, maybe a grandson or a son did this and the grandmother took the blame. And it is not clear how she stole electricity from the state, the article does not describe.

that actually does make sense, I mean it could be that grandma took the blame for someone else just as you said since it's just by nature for the parents to protect their child if we are talking maybe it's that grandma's relative or simply her family.
However as the family has reimbursed the funds I guess it will be fine, but im pretty sure the police will still be looking after that grandma lol.

[coin-investor]

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" . That will be priceless.  . 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.

Knowing China they are very strict with their laws, they never give consideration even old age, if this happens to other countries like here in the Philippines, they will just let him Scott free,  fine her and if he has no money to for the fine they will just ban the household for applying for electric connection.

[bering]

Awesome grandma and i think she is the only one who consider stealing electricity for making money and according to the article she was in jail four months although her family offering refund from her earning however in my country i have been heard people stealing electricity for daily life but never thinking from it to making money and finally i saw bitcoin users not only belong to young people

[joeperry]

Well electricity today are expensive no matter where you are right now, if we're about to set up a mining rig it might took us months or years to recover our investments from the equipment to electricity and maintenance. A free electricity would make a big impact to recovering from the investment on equipment that's why a grandma finds a way to make a living but after all It's illegal.

If we really need to earn we might need to take risk too.

[Fabienne_ayy]

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" . That will be priceless.  . 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.

It's pretty unfair, why not pay only those money she stole? How long is she going to spend time in jail? She's 61, the last years of her life in jail

[Ucy]

Maybe she wanted her mining to be profitable.
She must have done her profit calculation and discovered she will make little from mining bitcoin due to electricity cost.  

It is interesting to see aged woman who is knowledgeable in crypto and technology stuff. It is unfortunate she got  herself into trouble.

[Script3d]

Maybe she wanted her mining to be profitable.
She must have done her profit calculation and discovered she will make little from mining bitcoin due to electricity cost.  

It is interesting to see aged woman who is knowledgeable in crypto and technology stuff. It is unfortunate she got  herself into trouble.

Or it can possibly she was tasked to do it, i doubt an elderly will take interest in crypto, even elders now have a hard time adapting to technology, it's quite rare to see a elderly know something about crypto.

[Betwrong]

Tang Qiuping, the convict, who only had Junior high school education will now face a four months jail term as well as pay a fine of 10,000 yuan (app. $1,450) for her crime.

Well, four months in jail is no spa resort,but you know what? In Stalin's Soviet Union she would get 25 years hard labor for such a crime. And I think even today if something similar happened in North Korea her sentence would be much more severe. Stealing national power(or any other) resources is no joke in Communist countries. So I am really pleasantly surprised by the legislative system of China today, and I'm glad that the brave grandma will not spend the rest her life in jail.

[fiulpro]

Okay this is exceptionally hilarious 😂
I would have never imagined a granny to mine Bitcoins on the top of that to steal it and then get arrested .

Ok folks we have the old generation pretty interested in Bitcoins too , to be honest his is quite shocking because they prefer the cash system and traditional things .

Also isn't mining banned in China ?
Ok 😂
This is amazing.

[LUCKMCFLY]

It seems to me that the Chinese government should exonerate the mistress of that punishment, she is 61 years old, and even if she were defeating all the Chinese governments, they should give the woman more financial stability, since at that age people are more difficult qe can generate money, and is a lady who merce be respected.

 I do not know how a government can be like that, well China is a communist, it is to be expected the treatment for their own people in that way, besides it was not even enough to satisfy their needs, I was just trying to pay for a service that for her should be free, You do not have to pay anything for having such an age.
I think it's an exaggeration for the government to treat the elderly like that.

[fitzhgu]

ohh/ I've read it on taklimakan. For one hand it looks funny how ur grandma is trying to do mining but in another hand it's so sad bc such a lady needs to think where to get some additional profit

[kreatge]

ohh/ I've read it on taklimakan. For one hand it looks funny how ur grandma is trying to do mining but in another hand it's so sad bc such a lady needs to think where to get some additional profit

I guess she is really well done. Gonna bet not everyone would dare for that.

[pawanjain]

And I thought India is the only country where people steal electricity
It actually sounded really cool to me. I would be rather proud to have such a grandma who has so much interest in using today's technology.
Though the stealing part is wrong, I personally take the positives out of this scenario.

[gustavung]

ohh/ I've read it on taklimakan. For one hand it looks funny how ur grandma is trying to do mining but in another hand it's so sad bc such a lady needs to think where to get some additional profit

Yeah, I completely agree with u. It's such a pity that chinese government can't give a proper payement for its citizens. But her acting encourages me

[lpoondy]

ohh/ I've read it on taklimakan. For one hand it looks funny how ur grandma is trying to do mining but in another hand it's so sad bc such a lady needs to think where to get some additional profit

Yeah, I completely agree with u. It's such a pity that chinese government can't give a proper payement for its citizens. But her acting encourages me

yeah, I'm also surprised she learned by herself how to mine whereas many of young generation cannot learn the basis. but there are so many platforms like binance

[Harlot]

With the punishment he got and considering the worth of the electricity she stole I think that the Chinese government gave her a lighter sentence than what it should be, if this was a normal adult she might be facing a harsher sentence which might be 1 year at least.  But I think the moral of the news here and finally someone confirms it in their article is....

Although it is legal to own bitcoin as well as send and receive the cryptocurrency in China, it is illegal to steal national power resources to operate bitcoin miners.

This is the truth and all of you saying Bitcoin is illegal in China have been mislead with wrong information. Cryptocurrency has been active in China before a lot of countries have started doing so.

[rdbase]

ohh/ I've read it on taklimakan. For one hand it looks funny how ur grandma is trying to do mining but in another hand it's so sad bc such a lady needs to think where to get some additional profit

Yeah, I completely agree with u. It's such a pity that chinese government can't give a proper payement for its citizens. But her acting encourages me

yeah, I'm also surprised she learned by herself how to mine whereas many of young generation cannot learn the basis. but there are so many platforms like binance

I highly doubt she was the one mining the bitcoin as it takes some technical knowledge to be able to setup these miners and configure them. Do you think she was able to even lift up these miners up or down the stairs when they weight as much as a 12 kilos? Old granny would probably have a heart attack doing such work. She had to have one of her grandkids who was doing this living with her and she was the one caught because the residence where they found the equipment was in her name. And being granny she didnt want her grandkid going to jail so she took the blame.
What grandparents would do so to not have their grandkids lives ruined with breaking the law.

Of course, an elderly person is a pity, I think there are pitfalls in this story, maybe a grandson or a son did this and the grandmother took the blame. And it is not clear how she stole electricity from the state, the article does not describe.

that actually does make sense, I mean it could be that grandma took the blame for someone else just as you said since it's just by nature for the parents to protect their child if we are talking maybe it's that grandma's relative or simply her family.
However as the family has reimbursed the funds I guess it will be fine, but im pretty sure the police will still be looking after that grandma lol.

Yes. I was thinking the same thing when I first heard about this story a couple of days ago.

[miropp]

Grandmother brilliant. It is rare that people at this age are interested in bitcoin. Why give her a prison sentence, it doesn't seem right to me.

[Akonobea]

Damn! this is very bad, fine she broke some rules and should be punished but they should also look at her age and reconsider giving her some other lenient punishments. I think it's too aggressive to punish an old woman in such a harsh way.

[Vishnu.Reang]

Damn! this is very bad, fine she broke some rules and should be punished but they should also look at her age and reconsider giving her some other lenient punishments. I think it's too aggressive to punish an old woman in such a harsh way.

Well... if you check the previous posts, then you'll get an idea about it. Most of us have speculated that she might have acted as a cover for someone else. She is probably trying to protect her son or grandson. I don't expect a 61-year old Chinese grandma with only basic computer knowledge to be proficient in setting up a mining farm, and then mining cryptocurrency.