Thai authorities raided an illegal Bitcoin mining operation in Ratchaburi, a town west of Bangkok, following reports of frequent blackouts over the past month. The raid uncovered evidence of Bitcoin (BTC) mining rigs consuming large amounts of electricity without proper registration or payment.
According to AFP reports, the operation was a joint effort by the Provincial Electricity Authorities and local police. Unregistered mining activities were confirmed, revealing significant power consumption contributing to recurrent outages.
Power grid issues
Jamnong Chanwong, a chief district security officer, explained that the mining operation likely became fully operational in mid-July, which aligned with the start of the power outages. The unregistered activity not only caused frequent blackouts but also posed significant risks to the electrical infrastructure.
The mining operations led to potential long-term damage to the grid and higher costs for residents. Despite the massive electricity consumption, the operators paid minimal fees, prompting the raid.
By the time authorities entered the property, much of the equipment had been moved, and no arrests were made. This event highlights the challenges of monitoring and regulating illegal Bitcoin mining.
Bitcoin mining is expensive and requires local fees and taxes. Earlier this month, an Airbnb host discovered her guests had been mining crypto at her property, resulting in a $1,500 electricity bill.
