Bitcoin Illegal Mining: Power Outages and Tax Evasion in Ratchaburi Town
Illegal Bitcoin Mining Operations and Their Impact on Power Supply
In Ratchaburi Town, the surge of bitcoin illegal mining has become a pressing issue, causing numerous power outages. Recent complaints from residents regarding blackouts prompted Thai authorities to take action. On Friday, officials from the Provincial Electricity Authorities (PEA) raided a location known for extensive electricity usage without proper payment.
Authorities Uncover Large-Scale Mining Operations
- During the raid, police uncovered multiple bitcoin mining rigs.
- Officials reported that the electricity consumption at the site was disproportionately high compared to what was being paid.
- Jamnong Chanwong, chief district security officer, noted the equipment's movement and the significance of using unauthorized power sources.
The Growing Threat of Illegal Mining
Illegal mining activities have been escalating in Thailand. Virtual currencies like bitcoin require substantial energy, raising alarms about compliance with tax obligations. Manufacturers of these currencies are expected to adhere to legal standards, yet many evade payment.
Continued Raids Signal Ongoing Challenge
This was not the first raid of its kind; authorities have targeted illegal mining operations multiple times this year in Ratchaburi Province. Despite attempts to gain entry earlier, officials faced resistance, signaling ongoing challenges in regulating these activities.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.