Trading & Financial News
No Result
View All Result
Thursday, October 16, 2025
  • Login
  • Economy
  • Markets
  • Forex News
  • Investing
  • Stock Trading
  • Crypto
  • Trading for beginners
Subscribe
Trading & Financial News
  • Economy
  • Markets
  • Forex News
  • Investing
  • Stock Trading
  • Crypto
  • Trading for beginners
No Result
View All Result
Trading & Financial News
No Result
View All Result
Home Crypto

Thai Authorities Raid Illegal Bitcoin Mining Operation in Ratchaburi

by Tradinghow
August 28, 2024
in Crypto, Stock Trading
A A
0
Thai Authorities Raid Illegal Bitcoin Mining Operation in Ratchaburi
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter


Frequent power outages lead to investigation; unregistered rigs found, no arrests made

Thai authorities have recently conducted a raid on an illegal Bitcoin mining operation in Ratchaburi, a town west of Bangkok. This operation had been causing frequent power outages in the area, leading to significant disruptions for local residents.

Frequent Power Outages Lead to Investigation

The investigation began after numerous complaints from local residents about frequent blackouts. These power outages were traced back to a house that had been rented for about four months. The house became fully operational as a Bitcoin mining facility in mid-July.

Unregistered Bitcoin Mining Rigs

During the raid, authorities discovered that the operation was using unregistered Bitcoin mining rigs. These rigs consume large amounts of electricity, which was the primary cause of the power outages. Despite the high electricity consumption, the operation paid minimal fees, further raising suspicions.

Risks to Electrical Infrastructure

The illegal mining operation posed significant risks to the electrical infrastructure of the area. The excessive power consumption could have led to more severe electrical issues, potentially causing long-term damage to the local power grid.

No Arrests Made

Interestingly, no arrests were made during the raid. By the time authorities arrived, most of the equipment had already been moved. This was the fourth raid of its kind in Ratchaburi province this year, indicating a recurring issue with illegal Bitcoin mining operations in the region.

This incident highlights the growing problem of illegal Bitcoin mining operations and their impact on local communities. It serves as a reminder of the importance of regulatory oversight and the need for proper registration and monitoring of high-energy-consuming activities.



Source link

https://primexbt.investments/start_trading/?cxd=459_549985&pid=459&promo=[afp7]&type=IB https://primexbt.investments/start_trading/?cxd=459_549985&pid=459&promo=[afp7]&type=IB https://primexbt.investments/start_trading/?cxd=459_549985&pid=459&promo=[afp7]&type=IB
  • Trending
  • Comments
  • Latest
The Evolving International Cannabis Landscape

The Evolving International Cannabis Landscape

March 20, 2024
Uniswap Launches Permissionless Bridging Across 9 Networks

Uniswap Launches Permissionless Bridging Across 9 Networks

October 24, 2024
UK Faces Two Decades of No Earnings Growth and More Austerity

UK Faces Two Decades of No Earnings Growth and More Austerity

July 29, 2023
China tech groups lead multibillion-dollar campaign to help exporters sell at home

China tech groups lead multibillion-dollar campaign to help exporters sell at home

April 20, 2025
High Street Retailers Pin Hopes On Discount Splurge In Black Friday Fever

High Street Retailers Pin Hopes On Discount Splurge In Black Friday Fever

0
UK Faces Two Decades of No Earnings Growth and More Austerity

UK Faces Two Decades of No Earnings Growth and More Austerity

0
Learn how to trade. For beginners

Learn how to trade. For beginners

0
Trading for beginners

Trading for beginners

0
Naguib’s  billion surge makes him North Africa’s richest man after overtaking his brother

Naguib’s $3 billion surge makes him North Africa’s richest man after overtaking his brother

October 16, 2025
Another Apple exec leaves for Meta as AI talent war heats up: Report | Technology News

Another Apple exec leaves for Meta as AI talent war heats up: Report | Technology News

October 16, 2025
How High Will XRP Rise on October’s ETF Approval?

How High Will XRP Rise on October’s ETF Approval?

October 16, 2025
US May ‘Extend Tariff Truce’ If China Delays New Rare Earth Rule

US May ‘Extend Tariff Truce’ If China Delays New Rare Earth Rule

October 16, 2025

Recent News

Naguib’s  billion surge makes him North Africa’s richest man after overtaking his brother

Naguib’s $3 billion surge makes him North Africa’s richest man after overtaking his brother

October 16, 2025
Another Apple exec leaves for Meta as AI talent war heats up: Report | Technology News

Another Apple exec leaves for Meta as AI talent war heats up: Report | Technology News

October 16, 2025

Categories

  • Business
  • Crypto
  • Economy
  • Forex News
  • Investing
  • Markets
  • More
  • Stock Trading
  • Trading for beginners

Site Navigation

  • Home
  • Contact Us
  • Stock Trading
  • Markets
  • Investing
  • Other Links
  • Privacy & Policy
Trading & Financial News

We bring you the fastest breaking news on Trading, forex, and finance submitted from credible and reliable news sources around the world.

© 2019-2025 Tradinghow is your trusted hub for forex news, online trading insights, and financial market analysis. www.tradinghow.com

No Result
View All Result
  • Contact Us
  • Home
  • Economy
  • Crypto
  • Investing
  • Markets
  • Forex News
  • Stock Trading

© 2019-2025 Tradinghow is your trusted hub for forex news, online trading insights, and financial market analysis. www.tradinghow.com

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In