Home News Suspects Arrested for Stealing Electricity in Crypto Mining Operation

Suspects Arrested for Stealing Electricity in Crypto Mining Operation

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In the German metropolis of Klingenthal, Saxony, police have arrested a gaggle of suspects for stealing electrical energy to function a cryptocurrency mining farm, Cointelegraph auf Deutsch reports Feb. 6.

Police officers reportedly tracked down a system of 49 computer systems working in the premises of former electrical companies firm PGH Elektro. Since a minimum of 2017, the mining farm has reportedly consumed as a lot electrical energy as 30 households, with the harm for the affected electrical energy provider estimated to round 220,000 euros ($250,053).

Per native information website FreiePresse, 30 of the 49 computer systems have been geared up with particular cryptocurrency mining {hardware}, with a complete of 80 graphics processing items (GPUs) put in. During the raid, the police reportedly arrested 5 males and one girl for stealing electricity to function the cryptocurrency mining exercise.

In December, a Taiwanese man suspected of stealing electrical energy price over $three million to mine Bitcoin (BTC) and Ethereum (ETH) was arrested. The suspect was accused of allegedly stealing the electrical energy to mine cryptocurrencies price over 100 million yuan ($14.5 million). Yang reportedly employed electricians to rewire the premises in such a method as to evade electrical energy metering and detection of the stolen energy.

In October, a Chinese citizen was sentenced to 3 and a half years in jail for stealing energy from a practice station to gasoline his BTC mining operations. Xinghua was mentioned to have stolen electrical energy from one of many factories at Kouquan Railway again in November and December 2017 to energy his 50 Bitcoin miners and three electrical followers across the clock.

In May, Cointelegraph reported that workers of the native headquarters of the National Police in Rivne, Ukraine, have been allegedly mining cryptocurrency at work for 4 months. A regional bureau investigator reportedly confiscated a complete of eight video GPUs, six energy provide items, two exhausting drives, a motherboard, and a full laptop system unit.

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