HomeCoinsBitcoin (BTC)UK Police Raid Alleged Cannabis Farm, Finds Bitcoin Mining Facility Stealing Power...

UK Police Raid Alleged Cannabis Farm, Finds Bitcoin Mining Facility Stealing Power – Bitcoin News

- Advertisement -


Police from the UK executed a raid in an industrial unit in the West Midlands county expecting to find a cannabis farm, but instead found a big bitcoin mining facility, that was coincidentally bypassing the controls from the local power utility company to siphon energy from the main grid, stealing thousands of pounds in the process.

UK Police Raid Alleged Cannabis Farm, Stumbles Upon Bitcoin Mining Facility

The West Midlands Police Department got a real surprise last week when they raided an alleged cannabis farm in an industrial premise, just to find the facility was used to operate a Bitcoin mine. According to reports from intelligence, all of the signs suggested the site was used as a cannabis-growing farm. The West Midlands police department stated in its report that:

We heard how lots of people were visiting the unit at different times of day, lots of wiring and ventilation ducts were visible, and a police drone picked up a considerable heat source from above. They are all classic cannabis factory signs

The mining facility had 100 S9s (one of the most popular bitcoin mining ASICs) working all day, giving the site a heated print pretty similar to the one of a cannabis farm. However, upon further inspection and after making inquiries with the local power utility company, the police found the facility was bypassing the local power utility company controls, using power directly from the source and stealing thousands of pounds of electricity in the process. Sandwell Police Sergeant Jennifer Griffin stated:

We’ve seized the equipment and will be looking into permanently seizing it under the Proceeds of Crime Act. No-one was at the unit at the time of the warrant and no arrests have been made – but we’ll be making enquiries with the unit’s owner.


Bitcoin Related Power Theft Is Now Common

As it is known, bitcoin mining is a very energy-intensive task, and machines used for this purpose spend big amounts of energy to secure the network. This fact has made cryptocurrency mining-related power theft a common occurrence. There have been several electricity theft cases in China and in Malaysia, where miners have stolen millions of dollars while operating their mining facilities.

If miners bypass the local controls and connect their machines directly to the grids, the energy consumption might be too much for the power network to handle. Iran is now facing electricity problems, with its government banning Bitcoin mining due to the blackouts its network is facing with the high demand for electricity for these purposes.

What do you think of this Bitcoin mining-related raid? Tell us in the comments section below.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.





Source link

- Advertisement -
profile logo 500x500
Mr Bitcointehttps://www.bitcointe.com/
“Fact You Need To Know About Cryptocurrency - The first Bitcoin purchase was for pizza.” ― Mohsin Jameel
462FansLike
76FollowersFollow
4,567FollowersFollow
5,261FollowersFollow
1,498FollowersFollow
2,230SubscribersSubscribe

Most Popular

bitcoin
Bitcoin (BTC) $ 43,824.00
ethereum
Ethereum (ETH) $ 3,111.79
tether
Tether (USDT) $ 0.998475
bitcoin-cash
Bitcoin Cash (BCH) $ 541.25
litecoin
Litecoin (LTC) $ 160.11
eos
EOS (EOS) $ 4.31
okb
OKB (OKB) $ 17.14
tezos
Tezos (XTZ) $ 5.66
leo-token
LEO Token (LEO) $ 3.01
cardano
Cardano (ADA) $ 2.25
monero
Monero (XMR) $ 246.53
stellar
Stellar (XLM) $ 0.295055
chainlink
Chainlink (LINK) $ 24.21
huobi-token
Huobi Token (HT) $ 12.43
tron
TRON (TRX) $ 0.099039
usd-coin
USD Coin (USDC) $ 0.999289
dash
Dash (DASH) $ 174.18
neo
NEO (NEO) $ 42.85
iota
IOTA (MIOTA) $ 1.38
nem
NEM (XEM) $ 0.161934
zcash
Zcash (ZEC) $ 120.51
maker
Maker (MKR) $ 2,538.81
paxos-standard
Pax Dollar (USDP) $ 0.997805
ethereum-classic
Ethereum Classic (ETC) $ 50.64
vechain
VeChain (VET) $ 0.101016
true-usd
TrueUSD (TUSD) $ 0.997076
ftx-token
FTX Token (FTT) $ 56.07
kucoin-shares
KuCoin Token (KCS) $ 10.64
waves
Waves (WAVES) $ 24.66