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Report: China Discovered More Cryptocurrency Miners Stealing Electricity

October 19, 2021
Source: tomshardware.com tomshardware.com
News Snapshot:
China allegedly discovered a number of cryptocurrency mining operations stealing power from universities, state-owned companies and government agencies. Bloomberg reported that numerous Chinese media outlets and government organizations described the crackdown on these electricity thieves. Miners in the Jiangsu province were said to have used 260,000-kilowatt hours of electricity each day, for example, even though just one-fifth of the 4,500 IP addresses associated with illicit mining were traced back to public institutions. The report also cited a statement from the Zhejiang province's government claiming that 183 mining operations were using public resources. That statement included pictures of mining rigs seized...
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Tags: ban | bank | Bank of China | bitcoin | blockchain | Bloomberg | boycott | China | Chinese | climate change | corporate social responsibility | crackdown | crypto | cryptocurrency | currency | digital | E-CNY | energy | equipment | fintech | government | Jiangsu | News Media | police | Zhejiang

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