Chinese Police Arrest Illegal Crypto Mining Farm, Confiscate 190 Miners

The Guangdong Province Development and Reform Commission has reportedly detained an illegal crypto mining company that was secretly operating in an electric vehicle charging station.

The secret crypto mining farm was busted in the city of Guangzhou, where law enforcement agencies have been conducting constant inspections of cities to enforce and eradicate any form of mining in the region. reported a local publication.

The covert mining operation used more than 190 crypto mining machines with an estimated value of 5 million yuan ($7,91,450), which were seized on site. The authorities claimed that although mining activities consume a lot of energy, they remained hidden from the authorities due to the high power consumption of the charging station in which they operated.

The mining operations were reportedly conducted in a closed-door location with a guard at the gate, along with fences and walls to hide it from view. The mining farm was operational for more than 1,000 hours and consumed more than 90,000 kilowatt hours of electricity.

Related: China’s Share of Bitcoin Transactions Dropped 80% After Crackdown: PBoC

Authorities have halted crypto mining activities after investigating the charging station’s energy consumption, which revealed discrepancies in electricity consumption. Likewise, Jieyang City seized 916 mining machines in February.

The Beijing government last year issued a complete ban on crypto mining activities across the country, citing their carbon emissions targets and the high electricity consumption by the crypto mining activities. The decision resulted in most of the mining companies and industrial crypto mining operations being closed or migrating to other countries.

Authorities in several provinces of China have since conducted state and city-level inspections to wipe out even the smallest, including home mining operations. China, which contributed more than 60% of the Bitcoin (BTC) network’s hash power before the crackdown, currently has nearly zero shares in the global Bitcoin mining business.

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