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Chinese police seize 4,000 Bitcoin mining computers over electricity theft

From ecns.cn

Police in east China's Jiangsu Province confiscated around 4,000 computers used to mine Bitcoin after a local power company reported abnormal electricity usage, local police said Friday. After nearly two months of investigation, police in the city of Zhenjiang found a criminal gang rented nine factories with installed mining equipment, and arrested 22 people. A suspect surnamed Lan told police that he bought 10 Bitcoin mining computers in 2017 and made profits in southwest China's Yunnan Province. After that he came to Zhenjiang to continue making money through mining and used theft devices to dodge the power bill. ... (full story)

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