Bitcoin, News

Chinese authority investigates illegal bitcoin mining

China Southern Power Grid Fengshun Power Supply Bureau of Meizhou, Guangdong Province, last week discovered that someone used an unauthorized power line to steal electricity and used high-power equipment to mine Bitcoins. The user has stolen electricity up to 32,940kw. The local authority is investigating the case.

It is very common that many small Bitcoin mining operators steal local power supply.  Eventually they were reported and get caught. The penalty for such illegal act is very minimum. Chinese government is already taking action to restrict large mining operations around the country and urged such operations to eventually shut down.

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