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The police of the Chinese province of Guangdong reported on a successful special operation to close a farm that illegally mines Bitcoin. Violators of the ban on cryptocurrency mining hid ASIC miners at the charging station of electric vehicles to hide the work of 190 pieces of equipment, whose value was estimated at $800,000.
The farm was calculated by the Guangdong Provincial Development and Reform Commission, a territorial government body that monitors compliance with the implementation of the industry plan approved by the State Council of the PRC.
China has blacklisted mining and miners for wasting energy resources and the risk of uncontrolled money laundering by investing in Bitcoin mining and withdrawing these coins with fiat conversion to foreign accounts.
Law enforcement agencies drew attention to a specially protected area inside the charging station with a high fence and security. Further, members of the commission tracked the flow of refueling cars and calculated the volume of electricity consumption. The discrepancies led to a search warrant.
Such strict anti-mining measures are not supported by all provinces in China. The Shandong and Zhejiang Provincial Development and Reform Commissions are considering leaving the miners on condition of a differentiated payment for the electricity consumed.
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