Chinese Authorities Seize 600+ Computers Used for Bitcoin Mining

格奥尔基Georgiev的 · 四月 28, 2018 · 5:00 上午

Police in Tianjin – a city in Northern China – seized some 600 computers used for bitcoin mining. The authorities’ attention was attracted by the abnormal surge of electricity usage by the local power grid operator. Five people are being investigated and one is already being detained.

路透社cites local Chinese media Xinhua, which reported the specifics around a local police officer who noted that “Eight high-power fans were also seized,” adding that it was the “largest power theft case in recent years.”


A Notable Decline

China’s overall policymaking towards the crypto industry, 一般来说, has been overwhelmingly unfavorable. 今年早些时候, we saw a nationwide cryptocurrency trading ban take the country by storm. 结果是, many Chinese mining operations have already begun seeking a safer haven for their undertakings.

While China used to be the home for the mass of crypto-mining operations prior to the country-wide clampdown on the matter, it remains unclear exactly what percentage of the mining activities have been moved offshore or have been effectively shut down.

Growing Electricity Concerns

The increased electricity consumption required to mine cryptocurrencies has been a growing concern – in China as well as in other countries around the world. 本月初, US authorities in the areas along the northern border of New York expressed their growing worries about the high electricity consumption of cryptocurrency mining operations and their supposedly negative impact on electricity prices for local consumers.

Growing Electricity Concerns

Users take advantage of high-powered machines in order to generate the substantial computing power required to produce certain cryptocurrencies like Bitcoin. This activity is particularly energy-intensive, which also causes miners to scout out locations which have easy access to cheap electricity.

Could cryptocurrency mining is actually be hurting the economy? 让我们知道在下面的意见!

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资源: Bitcoinist