Meet the daring detectives sniffing out booby-trapped Bitcoin mines

Meet the daring detectives sniffing out booby-trapped Bitcoin mines
фото показано с : thenextweb.com

2018-7-30 18:00

“We will make electricity so cheap only the rich will burn candles,” Thomas Edison reportedly said during the first public demonstration of his light bulb. Unfortunately, it wasn’t made cheap enough.

Annually,  almost $90 billion worth of energy gets stolen worldwide, particularly in India, Brazil, and Russia. In the Netherlands, electricity theft and fraud is nothing new either. While commonly associated with weed farms, the last five years have seen a 20 percent spike in non-weed farm related electricity fraud cases. Among them is a new group of electricity thieves posing a challenge for police and distribution network operators: bitcoin…

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Источник: thenextweb.com

electricity bitcoin → Результатов: 52


Фото:

Chinese Kennel Owner Caught Stealing Electricity to Power Underground Bitcoin Mining Farm

The largest oil field in the People’s Republic of China has been a target for individuals and organizations attempting to mine bitcoins with free electricity. After a bunch of mining farm operators allegedly got caught last summer, a dog kennel owner was recently busted for running cable lines in order to siphon free electricity from […] The post Chinese Kennel Owner Caught Stealing Electricity to Power Underground Bitcoin Mining Farm appeared first on Bitcoin News.

2020-4-30 19:39


Chinese Bitcoin (BTC) Miner Nabs Electricity, Authorities Crack Down

Man Steals $15,000 Of Electricity For Bitcoin (BTC) Mining Despite the stringent rules placed on China’s crypto scene, the Bitcoin and altcoin mining business remains as hot as ever. So hot, in fact, that a Chinese man, named Xu Xinghu, thought it would be a good idea to steal electricity from the nation’s train network […] The post Chinese Bitcoin (BTC) Miner Nabs Electricity, Authorities Crack Down appeared first on Ethereum World News.

2018-10-8 23:00


Фото:

New York Approves New Electricity Rates for Crypto Miners

New York is seeking to foster growth in its cryptocurrency mining sector, with the New York State Public Service Commission (PSC) approving new electricity rates for Massena Electric Department. The new provisions will facilitate “high-density load customers, as such cryptocurrency companies” accessing “individual services agreement tariff[s],” including “protect[ion] […] from increased supply costs.

2018-7-14 03:30


Фото:

PoWx Seeks to Change Bitcoin Mining with “Optical PoW”

Nonprofit organization PoWx has launched this week with the goal of boosting the idea behind proof of work (PoW) through more innovative algorithms. The company is seeking to decentralize Bitcoin mining and make it more accessible to consumers through a new technology that executives have dubbed “optical PoW” — a new type of hardware that utilizes a more advanced and energy-efficient form of laser technology as the cornerstone of mining.

2018-7-14 01:04


Фото:

Mining Round-Up: Ebang Files for IPO in HK, Miner Arrested in China

In recent mining news, major mining chip manufacturer Ebang Communications has filed for an Initial Public Offering (IPO) in Hong Kong, a Chinese miner has been arrested for allegedly stealing 150,000 kilowatt-hours (kWh) of electricity in roughly one month, and a report has provided unique insight into the state of mining in the Russian exclave […] The post Mining Round-Up: Ebang Files for IPO in HK, Miner Arrested in China appeared first on Bitcoin News.

2018-6-28 12:55


Фото:

Bitcoin Inside: Crypto Mining Farm to Open in Former Intel Facility

California-based 3G Venture II has paid $13 million for a significant portion of an old Intel chip plant in Colorado Springs, which it intends of turn into a new bitcoin mining operation. Mining Farms Opening Around the World Miners have been flocking to cities that offer cheap electricity to reduce costs and increase profits, and it looks like Colorado Springs may join the list.

2018-6-23 07:00


Cheap Electricity Fees Might Make Kosovo a Cryptocurrency haven For Mining

Kosovo has one of the lowest electricity prices in Europe. In the UK for comparison, the price is about 19 US cents per kilowatt hour; but, in Kosovo the price is less than half at 7 US cents.   At only 7 cents per kilowatt hour, one Bitcoin can be mined for about 3000 US […] The post Cheap Electricity Fees Might Make Kosovo a Cryptocurrency haven For Mining appeared first on ZyCrypto.

2018-6-18 09:30


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