Ninjastic
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Re: China: Man Sentenced to Prison for Stealing Railway Electricity to Mine Bitcoin
by
VanityWallets2015
on 06/11/2018, 05:43:56 UTC
Quote from: Reatim on October 09, 2018, 12:11:08 PM
Quote
Although the Chinese regulatory bodies have maintained their distance from cryptocurrencies, it has not deterred the people in the country from partaking in the promising crypto mining industry – as a Chinese man was recently sentenced to 3.5 years in prison for stealing power from a train station to mine Bitcoin (BTC). The incident was reported by the local media outlet The Paper, on October 8, 2018.

https://btcmanager.com/chinese-man-prison-for-stealing-electricity-mine-bitcoin/

Oh well, he took the risk and now he is in jail.  I wonder how much he earn mining bitcoin  Grin because it means that he knows what his doing is wrong but I guess he see the $$$ that's why its worth a try. hehehe.
Though there are some rumours about the bitcoin that bitcoin uses very high amount of electricity in its mining and people can suffer large number of problems if this continues as bitcoin mining requires large amount of electricity and there are some rumours that in coming decade bitcoin will be using double the amount of electricity as use by the entire world currently and then there was also news that bitcoin may leads to high global warming and I think this is the major issue and government should look over this.