Bitcoin Miners in China lost 14 BTC and 4000 ASIC's Machines for stealing Electric Power.

Bitcoin Miners in China lost 14 BTC and 4000 ASIC's Machines for stealing Electric Power.

By alberdioni8406 | S.O.S | 30 Dec 2019


China may not allow any kind of business involving Cryptocurrency in their Territory,except Bitcoin Mining and this one is covering more than 60% of the Total Mining pool of Bitcoin worldwide.

351665157-3f7acd049c9811b3a1ce90f3f13d66a7119a2a0eb8bf6a22bd029d23f3236b38.jpeg

Being one of the Territory that Support the most Bitcoin Miners In the world also brings resurgence of criminal Behaviour among the Miners,and Ten Miners at Jiangsu Province got their Mining Equipment seized by the Authorities for stealing Electric Power to operate their mining farm.

Accordingly to the Authorities,4000 ASIC's Machines were seized and ,in the Trial the Miners voluntarily gave 14 BTC without any objection "assuming that,the assets were earned using stolen electric power".

The Mining Farms around all the China consumes a notable quantity of electric power and sometimes,there are Miners who steal it in order to run their equipment.

351665157-4f8de2ce72f2c47c58ddc4fa041886d7e8423366be74158e3db2d81918e108d7.jpeg

The Bitcoin that the Miners voluntarily gave during their Trial will be sold and used to repay the expenses made by the crew for stealing Electric Power.

It's really interesting this content involving Bitcoin Miners (legal in China) and Bitcoin (illegal in China) being discussed in the same room and the Authorities receiving the Seized BTC and use them to repay expenses!!! 

351665157-fe8b6d75aa83388b8996f3a9de16a7e4e4fad27fae024c23a92d5887425fe490.jpeg

My question is,If Bitcoin is Illegal In China why the court accepted them to repay the expenses using an "illegal" asset for the Government of The Country?!! 

Interesting ☺.

 

 

How do you rate this article?

0


alberdioni8406
alberdioni8406 Verified Member

Creator and Crypto Fan. Find me also on Bastyon here: https://bastyon.com/alberdioni8406


S.O.S
S.O.S

All about life.

Publish0x

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.