Re: China: Man Sentenced to Prison for Stealing Railway Electricity to Mine Bitcoin
3.5 years is excessive though jesus. THREE YEARS just for stealing electricity? Man I am glad I don't live in China, sounds like a horrible place to live.
I think a more reasonable sentence is three months, or possibly even just long community service, what a joke.
I think a more reasonable sentence is three months, or possibly even just long community service, what a joke.
He stole $15 019 worth of electricity.
We don't know the details, maybe he caused some hazard while doing this?
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.Yeah, exactly, that's why he chosen railway station as railways are often controlled by government.