Chinese police blow up illegal crypto-mining farm, seize 190 miners

The Guangdong Provincial Development and Reform Commission reportedly busted an illegal crypto-mining farm secretly operating at an elect...



The Guangdong Provincial Development and Reform Commission reportedly busted an illegal crypto-mining farm secretly operating at an electric vehicle charging station.

The secret crypto-mining farm has been busted in the city of Guangzhou, where law enforcement has been constantly carrying out inspections in the cities to enforce and eradicate any form of mining in the area, reported a local publication.

The covert mining operation used more than 190 cryptocurrency mining machines valued at 5 million yuan ($7,91,450), which were seized from the spot. The authorities claimed that even though the mining operations consumed a lot of energy, they remained hidden from the authorities due to the high energy consumption of the charging station in which they operated.

Mining operations were reportedly conducted in a closed-door location with a guard at the gate as well as fences and walls to hide him in plain sight. The mining farm was operational for over 1,000 hours and consumed over 90,000 kilowatt hours of electricity.

Related: China’s share of bitcoin transactions down 80% after crackdown: PBoC

Authorities halted crypto-mining operations after examining the power consumption of the charging station which revealed discrepancies in electricity consumption. Similarly, the city of Jieyang seized 916 mining machines in February.

the The Beijing Government Has Issued an Outright Ban on Crypto Mining operations across the country last year, citing their carbon emission targets and high electricity consumption by crypto-mining operations. The decision led the majority of mining farms and industrial crypto-mining operations to shut down or migrate to other countries.

Authorities in various provinces across China have since carried out state and city-level inspections to wipe out even the smallest ones, including home-based mining operations. China, which contributed more than 60% of Bitcoin (BTC) network hash power before the crackdown, currently has almost no share in global bitcoin mining operations.