Chinese Authorities Discover Mining Farm with Almost 200 Devices
The attitude of the Chinese authorities towards crypto mining is exceptionally toughening due to the fact that this activity involves “high energy consumption and carbon emissions, low contribution to the national economy, and has a limited impact on industrial development and scientific and technological progress.”
However, in spite of the ban on crypto mining in China, some operators continue to conduct their business by placing equipment in the most unexpected places.
Guangdong provincial officials have found an illegal mining farm with hidden in an electric vehicle charging station, where more than 190 devices worth more than 5 million yuan were installed. The entrepreneur who rented the station drew the attention of the authorities because of the high energy consumption.
When the confiscation took place, the hub had worked for more than 1,000 hours and consumed more than 90,000 kilowatts of electricity.
