Bitcoin
Bitcoin (BTC)
$124,392.00 0.37037
Bitcoin price
Ethereum
Ethereum (ETH)
$4,695.41 2.68819
Ethereum price
BNB
BNB (BNB)
$1,298.51 6.47075
BNB price
Solana
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$230.62 -0.79536
Solana price
XRP
XRP (XRP)
$2.98 -0.65299
XRP price
Shiba Inu
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$0.0000127 0.18735
Shiba Inu price
Pepe
Pepe (PEPE)
$0.00001 -0.08321
Pepe price
Bonk
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$0.0000207 2.30459
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dogwifhat
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$0.78389 1.06174
dogwifhat price
Popcat
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$0.243077 2.09944
Popcat price
Bitcoin
Bitcoin (BTC)
$124,392.00 0.37037
Bitcoin price
Ethereum
Ethereum (ETH)
$4,695.41 2.68819
Ethereum price
BNB
BNB (BNB)
$1,298.51 6.47075
BNB price
Solana
Solana (SOL)
$230.62 -0.79536
Solana price
XRP
XRP (XRP)
$2.98 -0.65299
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000127 0.18735
Shiba Inu price
Pepe
Pepe (PEPE)
$0.00001 -0.08321
Pepe price
Bonk
Bonk (BONK)
$0.0000207 2.30459
Bonk price
dogwifhat
dogwifhat (WIF)
$0.78389 1.06174
dogwifhat price
Popcat
Popcat (POPCAT)
$0.243077 2.09944
Popcat price
Bitcoin
Bitcoin (BTC)
$124,392.00 0.37037
Bitcoin price
Ethereum
Ethereum (ETH)
$4,695.41 2.68819
Ethereum price
BNB
BNB (BNB)
$1,298.51 6.47075
BNB price
Solana
Solana (SOL)
$230.62 -0.79536
Solana price
XRP
XRP (XRP)
$2.98 -0.65299
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000127 0.18735
Shiba Inu price
Pepe
Pepe (PEPE)
$0.00001 -0.08321
Pepe price
Bonk
Bonk (BONK)
$0.0000207 2.30459
Bonk price
dogwifhat
dogwifhat (WIF)
$0.78389 1.06174
dogwifhat price
Popcat
Popcat (POPCAT)
$0.243077 2.09944
Popcat price
Bitcoin
Bitcoin (BTC)
$124,392.00 0.37037
Bitcoin price
Ethereum
Ethereum (ETH)
$4,695.41 2.68819
Ethereum price
BNB
BNB (BNB)
$1,298.51 6.47075
BNB price
Solana
Solana (SOL)
$230.62 -0.79536
Solana price
XRP
XRP (XRP)
$2.98 -0.65299
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000127 0.18735
Shiba Inu price
Pepe
Pepe (PEPE)
$0.00001 -0.08321
Pepe price
Bonk
Bonk (BONK)
$0.0000207 2.30459
Bonk price
dogwifhat
dogwifhat (WIF)
$0.78389 1.06174
dogwifhat price
Popcat
Popcat (POPCAT)
$0.243077 2.09944
Popcat price

Thailand raids illegal Bitcoin mine after frequent power outages

Jayson Derrick
Edited by
News
Thailand raids illegal Bitcoin mine after frequent power outages

Thai authorities raided an illegal Bitcoin mining operation in Ratchaburi, a town west of Bangkok, following reports of frequent blackouts over the past month. 

According to AFP reports, the raid, carried out by the Provincial Electricity Authorities and local police, uncovered evidence of Bitcoin (BTC) mining rigs consuming large amounts of electricity.

These grids were unregistered and were not being paid out or reported properly. 

Power grid issues 

Jamnong Chanwong, a chief district security officer, explained in the AFP report that the operation likely became fully operational in mid-July, coinciding with the start of the power outages.

The unregistered mining activity caused frequent power outages and posed significant risks to the electrical infrastructure, potentially leading to long-term damage and higher costs for local residents.

Despite the massive electricity consumption, the mining operation paid minimal fees, raising suspicions and prompting the raid. By the time authorities entered the property, much of the equipment had been moved, and no arrests were made.

Bitcoin mining is expensive and requires local fees and taxes. Earlier this month, an Airbnb host discovered her guests had been mining crypto at her property, resulting in a $1,500 electricity bill.