Thailand has closed an unauthorized Bitcoin mining facility due to power theft, confiscating the equipment, and is stepping up measures to prevent similar incidents in the future.
The Thai Provincial Electricity Authority (PEA) recently closed a Bitcoin mining facility due to illegal electricity usage. This action was taken after an investigation by the Crime Suppression Division (CSD). It appears they manipulated the power meter on their farm, leading to unpaid usage of electricity in the Phanat Nikhom district, Chonburi.
On Thursday, representatives from the PEA and CSD inspected a site where they found approximately 996 Bitcoin mining machines and additional equipment. Officially, authorities believe that the electricity used in this operation could be valued at hundreds of millions of baht, though an exact figure has yet to be determined.
As a researcher, I was informed by an on-site employee of a mining operation that a theft had occurred during the night. To maintain the smooth functioning and avoid arousing suspicion, I ensured the proper use of the power meter during daylight hours, thereby enabling the operation to continue undetected for a longer duration.
By employing advanced computing power to tackle intricate issues, miners generate fresh Bitcoins. Yet, their operations consume vast amounts of electricity, which has become a significant concern due to the prevalence of electricity theft.
Thailand Tightens Monitoring of Illegal Bitcoin Mining Activity
Authorities have yet to identify the individuals or organization behind the illicit activities. However, they plan to obtain arrest warrants from the courts. The Public Energy Authority (PEA) is investigating possible actions to apprehend those responsible and bring them to justice.
It’s not the first instance of illegal Bitcoin mining in Thailand. In August, another unauthorized mining operation was shut down by authorities, increasing the number of individuals detained in Bangkok and Ratchaburi, a province situated to the west of the capital city, to 32.
Before the raid, the region had endured numerous power blackouts for several weeks. Many residents voiced their concerns about the power interruptions. Upon investigation by authorities, it was uncovered that an illicit activity was being conducted from a mining farm. To put a stop to this illegal operation and prevent further abuse, they took action.
It appears that there’s a rising issue concerning unlawful Bitcoin mining within Thailand. The energy consumption associated with this process is putting a strain on the nation’s power grid. Currently, authorities are working diligently to halt such illicit activities and maintain a stable power supply.
The Power and Energy Authority (PEA) is exploring methods for enhancing surveillance of Bitcoin mining operations. They aim to verify that power measuring devices aren’t manipulated and that all activities comply with the law. These measures are taken to safeguard Thailand’s electricity reserves from any more unlawful exploitation.
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2025-01-10 11:48