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A technician inspects bitcoin mining machines at a mining facility operated by Bitmain Technologies Ltd. in Ordos, Inner Mongolia on Friday, August 11, 2017. Bitcoin is showing no signs of slowing down, the price of the largest cryptocurrency by market value is soaring as it gains greater mainstream attention despite warnings of a bubble in what not everyone agrees is an asset. Our editors select the best archive images on bitcoin. Photo:Bloomberg

Tianjin police seize 600 bitcoin mining computers after local grid reported abnormal power usage

Bitcoin
Xinhua

Police in north China’s Tianjin Municipality have confiscated 600 bitcoin mining computers after the local power grid reported abnormal electricity consumption.

Eight high-power fans were also seized, local police said on Tuesday, adding that it was the largest power theft case in recent years.

The power company monitored recent sudden increases in line loss on one electricity line, up to 28 per cent at the peak. The phenomenon is usually closely related with increased load current.

An investigation found that the junction box of the suspected power user’s electricity meter had been short-circuited -- a typical way to avoid billing.

Bitcoin mining is a very power-consuming process which mainly depends on high-performance computers. The monthly electric charge of 600 such computers is estimated at hundreds of thousands of yuan.

Five people are under investigation and another has been detained.

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