According to the UK Daily Mail, the police raided the farm, which was concealed in woodland, and found it contained 300 solar panels, an air conditioning system and bitcoin mining rigs. The farm, which was run by the National Farmers Union (NFU), is the first in the UK to be used for cryptocurrency mining, and is reportedly being used to try and mine bitcoin and ethereum.
A UK cannabis farm that was found to be running a Bitcoin mining operation has been raided by police. The farm is based in the UK. The farm was raided by police in connection with a cannabis farm in the area. Police found the farm had a Bitcoin mining operation that was stealing power for Bitcoin mining.
The UK’s National Crime Agency, acting on a tip-off, raided a £1m cannabis farm in a house in East Sussex, and discovered it was running a bitcoin mining facility that was also stealing electricity from the national electricity grid. “It can be difficult to obtain electricity for the computing equipment,” said the NCA’s head of organized crime, crime and policing, Neil Basu. “It is well known that bitcoin mining uses a lot of power.”. Read more about bitcoin price and let us know what you think.British police raided an industrial estate in the West Midlands, expecting to find a cannabis farm, but discovered a large-scale bitcoin mining operation that bypassed the control of the local power company and tapped power from the main grid, stealing thousands of pounds.
UK police raid suspected cannabis farm after bitcoin mining project discovered
West Midlands police were in for a real surprise last week when a raid on an industrial estate suspected of having a cannabis farm revealed that the property was being used for bitcoin mining. According to the secret service, there was every indication that the property was being used as a cannabis farm. The West Midlands Police Authority said in its report: We heard several people visiting the unit at different times of the day, numerous cables and vents were visible, and a police drone captured a significant heat source from above. These are all classic signs of a cannabis plant… Over 100 S9s (one of the most popular ASICs for bitcoin mining) were running all day in the mining center, giving the site a warm feeling very similar to that of a cannabis farm. However, upon closer inspection and after contacting the local power company, police discovered that the plant was circumventing the local power company’s controls by drawing power directly from the source, stealing thousands of pounds of electricity. Sergeant Jennifer Griffin of Sandwell police said: We have seized the devices and we will consider a final seizure under the Proceeds of Crime Act. No one was in the house at the time of the search warrant and no arrests were made, but we will check with the owner.
Bitcoin-related electricity theft has become commonplace
Bitcoin mining is known to be an energy-intensive task, and the machines used for it waste a lot of energy to secure the network. Theft of power is therefore common when mining cryptocurrencies. There have been several cases of electricity theft in China and Malaysia, where miners have stolen millions of dollars while operating their mines. When miners bypass local control systems and connect their machines directly to the network, power consumption can be too high for the network. Iran is currently experiencing electricity problems. The country’s government has banned the mining of bitcoins as the network suffers from power outages due to the high demand for electricity for this purpose. What do you think of this bitcoin mining robbery? Tell us what you think in the comments section below. Photo credit: Shutterstock, Pixabay, Wiki Commons Denial: This article is for information only. It is not a direct offer or invitation to buy or sell, nor is it a recommendation or endorsement of any goods, services or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author shall be liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services referred to in this article.UK police have raided a cannabis farm in the suspected use of Bitcoin mining. Officers from the National Crime Agency (NCA) raided the property in Leicestershire, Great Britain, on Friday morning and found a fully-submerged building with Bitcoin mining equipment and a bitcoin ATM, according to a report from The Sun.. Read more about bitcoin leaving exchanges and let us know what you think.
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