Chinese authorities have seized nearly 7000 crypto mining machines that are illegally consuming electric power, really hope this won't affect bitcoin in any way? And why are people doing this? Prove of staking is a better option and no one will ever know you are mining anything, i am not saying POW miners are bad but illegally? Come on! It's not worth taking such risk when they know they can be caught, they can earn same profits from Staking
Full news is right here
https://cointelegraph.com/news/chinese-authorities-confiscate-nearly-7-000-crypto-mining-machinesIf you had a job or a place that you could use for free energy mining for a while, wouldn't you be tempted to try some minining? And Since you probably won't get caught right away, it probably gives you a feeling of false security and you would get greedy with the hardware until you got caught.