Shock: They Thought He Grows Marijuana, But Found A Bitcoin Farm

Policemen England they discovered the illegal bitcoin farm the largest in the country when they investigated a marijuana plantation.

The real estate raid took place on May 18 when police entered the facility of what it believed to be a marijuana plantation, located in an industrial park in the city of Sandwell, which borders Birmingham, in the county of West Midlands.

Officers had detected atypical ventilation cables and ducts at the site. And they even used a drone to check the site and found a great source of heat for the property.

All these indications led them to conclude that it was about a recolt interior marijuana. But they got a huge surprise when they walked in they found 100 computers that were used for a bitcoin mining operation.

Authorities seized the equipment and consulted with the electricity supplier who confirmed that the power supply had been stolen. Although cryptocurrency mining it is not illegal in itself, West Midlands Police said the operation, the largest ever found in the whole country, it was illegal because it stole electricity.

Bitcoin and other cryptocurrencies are created or mined by high-powered computers that continually solve complex mathematical puzzles in a process that often consumes a lot of electricity. is stolen to make the business profitable.

In a statement released by the West Midlands Police Department, Sgt. Jennifer griffin, reported that the value of the stolen energy was around £ 16,000 per month (around $ 23,000). And that this value was greater than the amount of bitcoin they would have generated in the same period, roughly 5,000 pounds (roughly $ 7,000). “Cryptocurrency mining is not illegal per se, but illegally pulls electricity from the power grid to generate electricity. The computers would have generated 0.2 bitcoins per month for an approximate value of 5000 pounds ”, he assured.

Regarding the progress of the investigation, Griffin indicated that no arrests yet. “We have confiscated all the equipment and will continue to investigate as no one was in the unit when it entered. For this reason, no arrests have been made, but we will make the necessary inquiries with the owner, ”said Sgt.

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