Monday 8 October 2018

Chinese man arrested for stealing electricity to mine Bitcoin


I’ve heard some pretty innovative ways to avoid the electricity bill while mining cryptocurrency, but this is a new one. A Chinese man has been stealing electricity from a local railway network operator in order to power his Bitcoin mining rigs. Exact details of how the man stole the electricity have not been confirmed, but it appears he hacked into the Chinese railway’s mains to steal $15,000 (104,000 yuan) of electricity. His cunning plan was derailed after getting arrested by the authorities, though. The Chinese man, Xu Xinghua, has been fined $14,500 (100,000 yuan) and sentenced to three and half…

This story continues at The Next Web

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https://ift.tt/2y9gHkv Matthew Beedham October 08, 2018 at 09:01AM

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