China: Locals allegedly laying cable through fish ponds to steal oil well Force for BTC mining

2 min read

The police in China reportedly gathered evidence from people laying cables through fish ponds to steal oil wells to feed their bitcoin (BTC) mining. The news was reported by the daily Chinese tabloid The Global Times on June 13.

The Global Times is published under the auspices of the state-supported newspaper group The People & Daily.

The report outlines that the Green Grassland police station of the public security office in Qiqihar was informed of the alleged power theft after receiving a phone call from the head of oil production at Daqing Oil Field – the largest oil field in China, located in the province Heilongjiang.

To investigate the allegation, the police allegedly conducted an investigation in the air using drones over an area of ​​two kilometers, and apparently gathered enough evidence to build a criminal case.

The Global Times does not provide details about the suspects, nor about the scale of the alleged electricity theft.

In October 2018, a Chinese citizen was sentenced to three and a half years in prison for stealing power from a train station to feed his bitcoin mining activities.

In Taiwan, in December last year, a citizen was arrested after being charged with electricity theft against the mine bitcoin and ether (ETH) of more than 100 million yuan ($ 14.5 million).

In February, a group of suspects were arrested in the German city of Klingenthal, Saxony, after being accused of stealing more than $ 3 million in electricity to operate a cryptocurrency mining company.

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Don Bradman

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