The authorities of the Chinese province of Hebei seized almost 7,000 ASIC miners for bitcoin mining

The authorities of the Chinese province of Hebei seized 52 transformers and almost 7,000 specialized devices for bitcoin mining.

China Central television reported that the police of Tangshan city district, with the help of the energy Department and other government agencies, checked more than 70,000 households for energy consumption. In addition to private homes, factories, quarries, retail outlets, and communities were checked.

In one of the villages, we managed to find a private transformer that supported the operation of 1,906 ASIC miners. The investigation continued and eventually seized 3 high-power transformers and 790 miners that functioned due to stolen electricity.

The final result of the inspection was the withdrawal of 52 transformers and 6,890 ASIC miners. The authorities said that in the future they will conduct such raids more often, the purpose of which is to eliminate the theft of electricity. Most often, the police receive information from the power plants themselves, which notice a violation of consumption at their sites.

Although the Chinese authorities have legally banned the exchange of cryptocurrencies, mining in the country is in a “gray zone” and is not formally prohibited. Moreover, this type of activity was recently removed
from the list of undesirable ones. The authorities are primarily trying to stop the operation of illegal farms that steal electricity.