Chinese police spot illicit BTC mining in underground burial sites
|- Chinese law enforcement has identified an illicit mining operation in the city of Daqing.
- Reportedly, the operation was located in what appears to be two burial mounds in the surrounding fields.
- A few days back, the police found 54 BTC mining rigs under a dog kennel in the Heilongjiang province.
According to a recent local news report, Chinese law enforcement authorities have identified an illicit mining operation in the city of Daqing. The operation was located in what appears to be two burial mounds in the surrounding fields.
The law enforcement authorities decided to investigate the location after a local oil company reported unexplained power losses. After some digging, the officials found an entrance in the vicinity of the mounds and spotted Bitcoin mining hardware that was running on stolen electricity. Just a few days back, the police reportedly found 54 Bitcoin mining rigs under a dog kennel in the Heilongjiang province.
The government of the Chinese province of Sichuan recently ordered local firms to suspend their cryptocurrency mining operations. According to a Cambridge University study, the province is responsible for nearly 10% of the global Bitcoin hashrate.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.