Thailand's Arresting Move Against Illegal Bitcoin Mining Amid Power Outages

Authorities Act on Bitcoin Illegal Mining After Power Outages

In a significant operation, Thai authorities raided an illegal bitcoin mine located west of Bangkok following complaints from residents about frequent blackouts over the past month. The raid took place in Ratchaburi town on Friday, where officials from the Provincial Electricity Authorities (PEA) discovered multiple bitcoin mining rigs.

Details of the Operation

According to Jamnong Chanwong, a chief district security officer, there was substantial evidence of electricity consumption that was not compensated. Authorities reported that the property had been rented for about four months, coinciding with the surge in power outages.

• Mining virtual currencies demands extensive electricity.
• Thailand classifies bitcoin miners as manufacturers, thus needing to meet tax obligations.
• Illegal bitcoin mining has increased significantly, leading to multiple raids this year.

Power Consumption and Tax Evasion

Mining operations often result in hefty power consumption, suggesting tax evasion concerns. Without proper oversight, the rise in illegal mining remains a challenge for energy authorities.

The authorities had attempted entry into the property previously but were denied, necessitating the use of a search warrant during this successful raid.