News Forum - Thai Bitcoin miner arrested for tapping into free electricity for 6 months

[Thaiger]

A Thai man in the northeastern province of Nakhon Ratchasima has been arrested after being caught using free electricity for the past 6 months. He was Bitcoin mining. Bitcoin mining consumes roughly 0.5% of all energy consumption worldwide. That’s roughly 7 times more than Google’s total energy consumption per year – Business Insider The officer from Nakhon Ratchasima’s Provincial Electricity Authority, Ronnachai Asanaphan, explained that it was suspicious that the building had not been using electricity for 6 months, but there was someone living there. PEA officers visited the site and checked the building’s energy meter. They found that the building […]

The story Thai Bitcoin miner arrested for tapping into free electricity for 6 months as seen on Thaiger News.

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[kalyan]

criminal gets an chance for negotiation and walk thro green channel !!

[palooka]

53 minutes ago, kalyan said:

criminal gets an chance for negotiation and walk thro green channel !!

This Is Thailand

[Poolie]

1 minute ago, palooka said:

This Is Thailand

No, really? There's me thinking it was somewhere else..............

[Chatogaster]

2 hours ago, kalyan said:

criminal gets an chance for negotiation and walk thro green channel !!

Jumping to conclusions should be an Olympic sport (if only because huge jumps like that one would be an impressive sight).

The fact that something isn't mentioned doesn't mean it's not there (especially since This Is Thaiger). It's just that the police wants to get a complete picture before deciding which charges (i.e. criminal and/or civil offenses) are applicable for prosecution. The source (Dailynews) is clearer/more complete in this respect.

 

[Sheepdog]

Negotiate illegally tapping into electricity !! A fine and also look at 6 months worth of bitcoin mining as compensation 

[HiuMak]

20 hours ago, Thaiger said:

A Thai man in the northeastern province of Nakhon Ratchasima has been arrested after being caught using free electricity for the past 6 months. He was Bitcoin mining. Bitcoin mining consumes roughly 0.5% of all energy consumption worldwide. 

Must be Terror Loony meltdown

[Fanta]

Will the Bitcoin he generated during that time be seized as the proceeds of crime? 

[miblish51]

Business Week is WRONG, or else you misquoted. Several detailed reports have shown Bitcoin mining consumes ~0.16% of ALL energy sources - the same as gold mining - and produces 0.085% of all carbon emissions. About half of BTC mining uses renewable energy, much of which would otherwise be wasted, and that percentage is growing.

[Cabra]

Pirating electricity in Thailand is practically a national pass time.