As per the latest news published in Cointelegraph in Deutsch on Feb. 6, in the German city of Klingenthal, Saxony, police have detained a group of suspects for stealing electricity to function a crypto mining farm.
Police officers allegedly chased down a new type of system of more than 40 computers operating in the buildings of previous electrical services corporation PGH Elektro. Since at least 2017, the mining farm has spent as much electricity as 30 households, with the harm that has taken place for the affected power supplier that projected to more than 220,000 euros ($250,053).
As per the prosecutors, the plant has consumed a lot of electricity as 30 households. Since early 2017 the computer farm was functioning till date.
Large cryptocurrency systems are currently being understood with the aid of computer farms, which are typically located in countries with lesser energy charges – particularly in China, however in Scandinavia. Andreas Ittner, Professor of Informatics and Distributed Information Systems at Mittweida University of Applied Sciences, stated that the power-related mining related mining is infrequently reported from China: “There, employees of power plants are stealing their computers secretly.” The relatively high German electricity prices meant that mining in this country hardly plays a role. It just would not pay.
In Saxony Klingenthal the police could an illegally operated by electricity thieves Bitcoin- with a large contingent yesterday, Tuesday Mining Farm is lifted, reported the Free Press today, 6 February. A local agency investigator allegedly removed an entire of eight video GPUs, six power supply units, two hard drives, a motherboard, and a complete computer system unit.
In the raid, in which a total of eight objects in the Zwickau area and Vogtland were searched, took a total of 121 people, including policemen and prosecutors and tax inspectors. While other Bitcoin miners came under pressure from declining profitability worldwide, the Saxon power thieves continued to generate bitcoins profitably despite lower bitcoin prices. However, the profit may not have stood in any reasonable relation to the electricity costs.
There were around 49 computers seen in Klingenthal, where 30 were fortified with specialized hardware for the removal of cryptos. Eighty graphics cards were connected in the system. Experts from the Cybercrime Competence Center Saxony (SN4C), saw this at the State Criminal Police Office, contributed to the investigation.
Besides this, in October, a Chinese citizen was punished for 3 years in jail for a robbery where he stole power from a train station to fuel his BTC mining operations. Xinghua was said to have robbed three electric fans around the clock and electricity from one of the factories at Kouquan Railway in November and December 2017 to power his 50 Bitcoin miners.
As per the report stated in Cointelegraph in May, the news reported that workers of the local headquarters of the National Police in Rivne, Ukraine, were mining cryptocurrency at work for four months. A local agency investigator allegedly removed an entire of eight video GPUs, six power supply units, two hard drives, a motherboard, and a complete computer system unit.