6 Crypto Miners Arrested In Germany For Using Stolen Electricity
6 cryptocurrency miners were arrested in Germany for using stolen electricity to power their operations.
The group is accused of bypassing electric meters and using 220,000 euros worth of electricity over two years.
Police in Germany recently raided a large mining operation that is accused of illegally bypassing electrical meters to siphon free power from the electrical grid.
The specialists discovered a computer installation in operation of 49 computers on industrial shelves, which referred illegal electricity by bypassing the meter.
As CryptoGlobe reported in December, a Taiwanese citizen with the surname Yang was arrested after he was allegedly caught stealing $3 million worth of electricity to mine crypto.
In another case, last November, a teacher in China was fired from his job after he was allegedly caught using electricity from the school to mine cryptocurrency.
Last April, Russian authorities shut down a massive illegal mining operation, confiscating 6,000 units of mining hardware equipment and arresting two workers.
John Vibes’ original article for cryptoglobe.com reduced by 58%
Related cryptocurrency news : Here’s How Much Nvidia Actually Made From Crypto Mining Sales
CN TL;DR editor’s take: Cryptocurrency mining has been in mainstream media headlines recently, and CCN hit back at critics of the environmental cost: The Hostile Media Narratives About Bitcoin’s Environmental Impact Are Total Garbage There had also been concerns that mining pools were growing dangerously close to having 51% of the network power, but recent reports have shown that this threat is diminishing: New Report Highlights Increasing Decentralization Of Bitcoin Mining
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