Re: China: Man Sentenced to Prison for Stealing Railway Electricity to Mine Bitcoin
He mined 3.2BTC worth 120 000 yuan using electricity worth 104 000 yuan as The Paper reports.
I think this is common practice in many countries, I've used to live a man who was stealing power for his household use, wires were visible in the corridor but no one cared
We can only wonder what's happening in datacenters, powerplants etc. when there is such simple way to convert electricity and computing power into money.
Such practice is common in places where there is little or no control over public infrastructure. especially in government buildings where bills are paid directly by the Government.I think this is common practice in many countries, I've used to live a man who was stealing power for his household use, wires were visible in the corridor but no one cared
We can only wonder what's happening in datacenters, powerplants etc. when there is such simple way to convert electricity and computing power into money.