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		<title>Thailand Cracks Down on Illegal Bitcoin Mining</title>
		<link>https://coinengineer.net/blog/thailand-cracks-down-on-illegal-bitcoin-mining/</link>
					<comments>https://coinengineer.net/blog/thailand-cracks-down-on-illegal-bitcoin-mining/#respond</comments>
		
		<dc:creator><![CDATA[Tanju Akbıyık]]></dc:creator>
		<pubDate>Mon, 26 Aug 2024 16:00:38 +0000</pubDate>
				<category><![CDATA[Genel]]></category>
		<category><![CDATA[bitcoin]]></category>
		<category><![CDATA[bitcoin mining]]></category>
		<category><![CDATA[Thailand]]></category>
		<category><![CDATA[Thailand bitcoin mining]]></category>
		<guid isPermaLink="false">https://coinengineer.net/blog/?p=27705</guid>

					<description><![CDATA[<p>Following consistent allegations of power disruptions from the surrounding area over several weeks, Thailand&#8217;s police and electrical authorities declared on Sunday that they busted an illicit bitcoin mine in a local town. Along with local police, AFP said officers from the Provincial Electricity Authorities stormed a property in Ratchaburi, a province in central Thailand west</p>
<p>The post <a href="https://coinengineer.net/blog/thailand-cracks-down-on-illegal-bitcoin-mining/">Thailand Cracks Down on Illegal Bitcoin Mining</a> appeared first on <a href="https://coinengineer.net/blog">Coin Engineer</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>Following consistent allegations of power disruptions from the surrounding area over several weeks, <strong>Thailand&#8217;s</strong> police and electrical authorities declared on Sunday that they busted an illicit <strong>bitcoin mine</strong> in a local town.</p>
<p>Along with local police, <a href="https://www.scmp.com/news/asia/southeast-asia/article/3275823/thai-authorities-raid-illegal-bitcoin-mine-after-power-outages">AFP</a> said officers from the Provincial Electricity Authorities stormed a property in Ratchaburi, a province in central <strong>Thailand</strong> west of Bangkok.</p>
<p>Chief district security officer Jamnong Chanwong apparently clarified that the power interruptions started in the middle of July, most likely when the mine started running. <strong>Thai</strong> officials claimed the mining operator paid relatively little in fees as compared to the significant electricity consumption. At the mine, the officials did not, however, arrest anyone.</p>
<p>Particularly since China outlawed all crypto mining activities in 2021, Southeast Asian nations have been prominent targets for <strong>bitcoin miners</strong> drawn by low-cost electricity, trained labor, and developed infrastructure.</p>
<p>As Malaysia continued its assault on power theft connected to <strong>bitcoin mining</strong> operations last week, police allegedly destroyed 985 <strong>bitcoin mining</strong> equipment valued at around 1.98 million Malaysian ringgits ($452,500). Earlier this month, seven people reportedly engaged in <strong>bitcoin mining</strong> activities using stolen electricity were also apprehended by Sepang district police in Malaysia.</p>
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<p>The post <a href="https://coinengineer.net/blog/thailand-cracks-down-on-illegal-bitcoin-mining/">Thailand Cracks Down on Illegal Bitcoin Mining</a> appeared first on <a href="https://coinengineer.net/blog">Coin Engineer</a>.</p>
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