Thai police raid shop-houses suspected of electricity theft for Bitcoin mining

[snoop1130]

 

Police and utility officials in Nang Rong district of the north-eastern province of Buri Ram searched two shop houses yesterday (Sunday), the occupants of which are suspected of stealing electricity over the past nine months.

 

They did not find anybody in the two shop-houses, but found several computer notebooks, 60 sets of computer accessories, Wi-Fi routers, close-circuit TV cameras and electrical distribution boards in one room and four electric fans in another room.

 

Utility officials checked the electrical wiring and found one of the buildings directly connected to the Provincial Electricity Authority electrical cabling, which is proof of electricity theft. They estimated losses from power theft at about a million baht.

 

Full Story: https://www.thaipbsworld.com/thai-police-raid-shop-houses-suspected-of-electricity-theft-for-bitcoin-mining/

 

-- © Copyright Thai PBS 2022-12-26

 

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[Muhendis]

A million Baht in 9 months?

That's a lot of units.

[RichardColeman]

13 hours ago, snoop1130 said:

They did not find anybody in the two shop-houses,

Probably tipped off by the same people raiding it

[stoner]

1 hour ago, Muhendis said:

A million Baht in 9 months?

That's a lot of units.

ya but bitcoin moooooon.

[hotchilli]

5 hours ago, Muhendis said:

A million Baht in 9 months?

That's a lot of units.

Nothing compared to their profits.

[Maejo Man]

What sort of power is needed to mine one bitcoin?

[Guitar God]

13 hours ago, Muhendis said:

A million Baht in 9 months?

That's a lot of units.

I had a  dozen ASIC miners running in 2017 and my electric bill was around 130,000 THB a month.