Chinese Police Shut down Illegal Bitcoin Mining Farm
According to Chinese publisher Xin’an Evening, Chinese police took down an illegal bitcoin mining farm in Bengbu, Anhui Province. The mining farm was using electric power from a local electric power company’s energy source to fund their operations and acquire bitcoin, as a total of 50 ASIC miners were seized. In China, power is seen as a state-owned property. A family was running the illegal bitcoin farm and, according to the Xin’an Evening, made enough money to finance up to 8 years of future expenses they could’ve had. The family was arrested after inspectors found out they were the....
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