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Wednesday, May 1, 2024

Thai Bitcoin miner arrested for tapping into free electricity for 6 months

A Thai man in the northeastern province of Nakhon Ratchasima has been arrested after being caught using free electricity for the past 6 months. He was Bitcoin mining.

Bitcoin mining consumes roughly 0.5% of all energy consumption worldwide. That’s roughly 7 times more than Google’s total energy consumption per year – Business Insider

The officer from Nakhon Ratchasima’s Provincial Electricity Authority, Ronnachai Asanaphan, explained that it was suspicious that the building had not been using electricity for 6 months, but there was someone living there.

PEA officers visited the site and checked the building’s energy meter. They found that the building was actually using a lot of power, comparable to a small factory, and the building owner will be sent a bill to pay about 10,000 baht per month to compensate for the power usage.

Yesterday, officers from PEA and police…

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