Thailand raids illegal Bitcoin mine after frequent power outages

Thai authorities have raided an illegal Bitcoin mining operation in the western Bangkok town of Ratchaburi following reports of frequent power outages over the past month.

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

These networks were unregistered and not properly paid or reported.

Power grid problems

The operation was likely to become fully operational in mid-July, when the power outages began, regional police chief Jamnong Chanwong told AFP.

Illegal mining activity causes frequent power outages and poses serious risks to electrical infrastructure, which can lead to long-term damage and higher costs for local people.

Despite its huge electricity consumption, the mining operation paid minimal wages, raising suspicions and prompting a raid. When authorities entered the property, most of the equipment had been moved and no arrests were made.

Mining bitcoin is expensive and requires local fees and taxes. Earlier this month, an Airbnb host discovered that his guests were mining crypto on his property, costing him a $1,500 electricity bill.