Chinese Authorities Crackdown on Bitcoin Miners Stealing Electricity from Oil Plants

According to Chinese reports, Daqing City in the People’s Republic of China recently cracked down on a ring of Bitcoin miners who were stealing electricity from the city’s oil production plants. Police there reportedly raided Bitcoin mining operations and confiscated equipment.

The Chinese bitcoin community is quiet about such occurrences, but based on reports seen, twelve operations were raided and more than 1,000 pieces of bitcoin mining equipment seized over an eight month period over the course of 2016.

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