{"id":18954,"date":"2021-05-28T10:52:42","date_gmt":"2021-05-28T14:52:42","guid":{"rendered":"http:\/\/worldjusticenews.com\/news\/?p=18954"},"modified":"2021-05-28T10:52:42","modified_gmt":"2021-05-28T14:52:42","slug":"bitcoin-mine-found-stealing-electricity","status":"publish","type":"post","link":"https:\/\/worldjusticenews.com\/news\/2021\/05\/28\/bitcoin-mine-found-stealing-electricity\/","title":{"rendered":"Bitcoin mine found stealing electricity"},"content":{"rendered":"<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i84\" data-component=\"text-block\">\n<div class=\"ssrcss-18snukc-RichTextContainer e5tfeyi1\">\n<p><b class=\"ssrcss-hmf8ql-BoldText e5tfeyi3\">A suspected Bitcoin &#8220;mining&#8221; operation illegally stealing electricity has been found by police who were searching for a cannabis farm.<\/b><\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i84\" data-component=\"text-block\">\n<div class=\"ssrcss-18snukc-RichTextContainer e5tfeyi1\">\n<p>Officers had been tipped off about the site on the Great Bridge Industrial Estate, Sandwell, and raided it on 18 May, West Midlands Police said.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i84\" data-component=\"text-block\">\n<div class=\"ssrcss-18snukc-RichTextContainer e5tfeyi1\">\n<p>Instead of cannabis plants they found a bank of about 100 computer units.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i84\" data-component=\"text-block\">\n<div class=\"ssrcss-18snukc-RichTextContainer e5tfeyi1\">\n<p>The force said the cryptocurrency &#8220;mine&#8221; had stolen thousands of pounds of electricity.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i84\" data-component=\"text-block\">\n<div class=\"ssrcss-18snukc-RichTextContainer e5tfeyi1\">\n<p>Inquiries with network operator Western Power Distribution found the electric supply had been bypassed.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-18mjolk-ComponentWrapper e1xue1i87\" data-component=\"image-block\">\n<figure class=\"ssrcss-1pvhdts-StyledFigure e34k3c23\">\n<div class=\"ssrcss-ab5fd8-StyledFigureContainer e34k3c21\"><span class=\"ssrcss-1hq4gmv-Placeholder e16icw910\"><img loading=\"lazy\" decoding=\"async\" class=\"ssrcss-1drmwog-Image ee0ct7c0\" src=\"https:\/\/ichef.bbci.co.uk\/news\/976\/cpsprodpb\/161D4\/production\/_118708509_bitcoinwmp.jpg\" srcset=\"https:\/\/ichef.bbci.co.uk\/news\/240\/cpsprodpb\/161D4\/production\/_118708509_bitcoinwmp.jpg 240w, https:\/\/ichef.bbci.co.uk\/news\/320\/cpsprodpb\/161D4\/production\/_118708509_bitcoinwmp.jpg 320w, https:\/\/ichef.bbci.co.uk\/news\/480\/cpsprodpb\/161D4\/production\/_118708509_bitcoinwmp.jpg 480w, https:\/\/ichef.bbci.co.uk\/news\/624\/cpsprodpb\/161D4\/production\/_118708509_bitcoinwmp.jpg 624w, https:\/\/ichef.bbci.co.uk\/news\/800\/cpsprodpb\/161D4\/production\/_118708509_bitcoinwmp.jpg 800w, https:\/\/ichef.bbci.co.uk\/news\/976\/cpsprodpb\/161D4\/production\/_118708509_bitcoinwmp.jpg 976w\" alt=\"One of the computer servers\" width=\"976\" height=\"549\" \/><\/span><\/div><figcaption class=\"ssrcss-1rnnz6t-StyledFigureCaption e34k3c22\">The Bitcoin &#8220;mining&#8221; operation had stolen thousands of pounds of electricity, police said<\/figcaption><\/figure>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i84\" data-component=\"text-block\">\n<div class=\"ssrcss-18snukc-RichTextContainer e5tfeyi1\">\n<p>&nbsp;<\/p>\n<p>Detectives said they were tipped off about lots of people visiting the unit throughout the day and a police drone picked up a lot of heat coming from the building.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i84\" data-component=\"text-block\">\n<div class=\"ssrcss-18snukc-RichTextContainer e5tfeyi1\">\n<p>Sgt Jennifer Griffin said, given the signs, they had expected to find a cannabis farm.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i84\" data-component=\"unordered-list-block\">\n<div class=\"ssrcss-18snukc-RichTextContainer e5tfeyi1\">\n<div class=\"ssrcss-1pzprxn-BulletListContainer e5tfeyi0\">\n<ul role=\"list\">\n<li><a class=\"ssrcss-9nsdc6-InlineLink e1no5rhv0\" href=\"https:\/\/www.bbc.co.uk\/news\/technology-56012952\" target=\"_blank\" rel=\"noopener\">Bitcoin consumes &#8216;more electricity than Argentina&#8217;<\/a><\/li>\n<li><a class=\"ssrcss-9nsdc6-InlineLink e1no5rhv0\" href=\"https:\/\/www.bbc.co.uk\/news\/technology-57240090\" target=\"_blank\" rel=\"noopener\">Bitcoin Mining Council to report renewable energy usage<\/a><\/li>\n<li><a class=\"ssrcss-9nsdc6-InlineLink e1no5rhv0\" href=\"https:\/\/www.bbc.co.uk\/news\/live\/uk-england-birmingham-57209001\" target=\"_blank\" rel=\"noopener\">Latest news for the West Midlands<\/a><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i84\" data-component=\"text-block\">\n<div class=\"ssrcss-18snukc-RichTextContainer e5tfeyi1\">\n<p>&#8220;It had all the hallmarks of a cannabis cultivation set-up and I believe it is only the second such crypto mine we have encountered in the West Midlands,&#8221; she said.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i84\" data-component=\"text-block\">\n<div class=\"ssrcss-18snukc-RichTextContainer e5tfeyi1\">\n<p>The computer equipment has been seized but no arrests have been made, the force said.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-18mjolk-ComponentWrapper e1xue1i87\" data-component=\"image-block\">\n<figure class=\"ssrcss-1pvhdts-StyledFigure e34k3c23\">\n<div class=\"ssrcss-ab5fd8-StyledFigureContainer e34k3c21\"><\/div>\n<\/figure>\n<\/div>\n<div class=\"ssrcss-mysbf6-ComponentWrapper-CrossheadComponentWrapper e1xue1i83\" data-component=\"crosshead-block\">\n<h2 class=\"ssrcss-qozapo-StyledHeading e1fj1fc10\">What is Bitcoin?<\/h2>\n<\/div>\n<div class=\"ssrcss-18mjolk-ComponentWrapper e1xue1i87\" data-component=\"image-block\">\n<figure class=\"ssrcss-1pvhdts-StyledFigure e34k3c23\">\n<div class=\"ssrcss-ab5fd8-StyledFigureContainer e34k3c21\"><span class=\"ssrcss-5xqc5f-Placeholder e16icw910\"><img loading=\"lazy\" decoding=\"async\" class=\"ssrcss-1drmwog-Image ee0ct7c0\" src=\"https:\/\/ichef.bbci.co.uk\/news\/976\/cpsprodpb\/F08C\/production\/_118708516_bitcoinreuters.jpg\" srcset=\"https:\/\/ichef.bbci.co.uk\/news\/240\/cpsprodpb\/F08C\/production\/_118708516_bitcoinreuters.jpg 240w, https:\/\/ichef.bbci.co.uk\/news\/320\/cpsprodpb\/F08C\/production\/_118708516_bitcoinreuters.jpg 320w, https:\/\/ichef.bbci.co.uk\/news\/480\/cpsprodpb\/F08C\/production\/_118708516_bitcoinreuters.jpg 480w, https:\/\/ichef.bbci.co.uk\/news\/624\/cpsprodpb\/F08C\/production\/_118708516_bitcoinreuters.jpg 624w, https:\/\/ichef.bbci.co.uk\/news\/800\/cpsprodpb\/F08C\/production\/_118708516_bitcoinreuters.jpg 800w, https:\/\/ichef.bbci.co.uk\/news\/976\/cpsprodpb\/F08C\/production\/_118708516_bitcoinreuters.jpg 976w\" alt=\"Representations of the virtual currency Bitcoin stand on a motherboard\" width=\"976\" height=\"270\" \/>(Image: Reuters)<\/span><\/div>\n<\/figure>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i84\" data-component=\"text-block\">\n<div class=\"ssrcss-18snukc-RichTextContainer e5tfeyi1\">\n<p>&nbsp;<\/p>\n<p>Bitcoin is a form of digital money, a cryptocurrency, which was first published as an idea in 2008.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i84\" data-component=\"text-block\">\n<div class=\"ssrcss-18snukc-RichTextContainer e5tfeyi1\">\n<p>It operates on the blockchain &#8211; a digital ledger of transactions &#8211; and miners audit Bitcoin transactions in exchange for an opportunity to acquire the digital currency.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i84\" data-component=\"text-block\">\n<div class=\"ssrcss-18snukc-RichTextContainer e5tfeyi1\">\n<p>This process consumes large amounts of electricity as it requires enormous computing power.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i84\" data-component=\"text-block\">\n<div class=\"ssrcss-18snukc-RichTextContainer e5tfeyi1\">\n<p>To increase profits, people often connect large numbers of &#8220;miners&#8221; to the network &#8211; even entire warehouses full of them.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-uf6wea-RichTextComponentWrapper e1xue1i84\" data-component=\"text-block\">\n<div class=\"ssrcss-18snukc-RichTextContainer e5tfeyi1\">\n<p>Bitcoin&#8217;s electricity consumption is currently greater than The Netherlands&#8217;, according to\u00a0<a class=\"ssrcss-9nsdc6-InlineLink e1no5rhv0\" href=\"https:\/\/cbeci.org\/cbeci\/comparisons\">the Cambridge Bitcoin Electricity Consumption Index.<\/a><\/p>\n<p>Source: <a href=\"https:\/\/www.bbc.co.uk\/news\/uk-england-birmingham-57280115\" target=\"_blank\" rel=\"noopener\">bbc.co.uk<\/a><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<div class=\"mh-excerpt\">A suspected Bitcoin &#8220;mining&#8221; operation illegally stealing electricity has been found by police who were searching for a cannabis farm. Officers had been tipped off about the site on the Great Bridge Industrial Estate, Sandwell, <a class=\"mh-excerpt-more\" href=\"https:\/\/worldjusticenews.com\/news\/2021\/05\/28\/bitcoin-mine-found-stealing-electricity\/\" title=\"Bitcoin mine found stealing electricity\">[&#8230;]<\/a><\/div>\n","protected":false},"author":1,"featured_media":18955,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"pmpro_default_level":"","footnotes":""},"categories":[109,2,4],"tags":[4510,4686,7808],"class_list":{"0":"post-18954","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-headline","8":"category-news","9":"category-uk","10":"tag-bitcoin","11":"tag-cryptocurrency","12":"tag-sandwell","13":"pmpro-has-access"},"_links":{"self":[{"href":"https:\/\/worldjusticenews.com\/news\/wp-json\/wp\/v2\/posts\/18954","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/worldjusticenews.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/worldjusticenews.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/worldjusticenews.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/worldjusticenews.com\/news\/wp-json\/wp\/v2\/comments?post=18954"}],"version-history":[{"count":2,"href":"https:\/\/worldjusticenews.com\/news\/wp-json\/wp\/v2\/posts\/18954\/revisions"}],"predecessor-version":[{"id":18957,"href":"https:\/\/worldjusticenews.com\/news\/wp-json\/wp\/v2\/posts\/18954\/revisions\/18957"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/worldjusticenews.com\/news\/wp-json\/wp\/v2\/media\/18955"}],"wp:attachment":[{"href":"https:\/\/worldjusticenews.com\/news\/wp-json\/wp\/v2\/media?parent=18954"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/worldjusticenews.com\/news\/wp-json\/wp\/v2\/categories?post=18954"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/worldjusticenews.com\/news\/wp-json\/wp\/v2\/tags?post=18954"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}