Hong Kong Police Arrest Technicians for Illegal Crypto Mining in Nursing Homes
Autor: Mining Provider Editorial Staff
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Kategorie: News
Zusammenfassung: Hong Kong police arrested two technicians for illegally mining cryptocurrency in nursing homes, causing a $1,153 spike in electricity costs; meanwhile, PEPENODE is gaining traction as a promising meme coin with potential high returns.
Hong Kong Police Stop Illegal Crypto Mining in Two Nursing Homes
According to a report by ICOBench.com, the Hong Kong police have arrested two men, aged 32 and 33, for illegally installing cryptocurrency mining equipment in two nursing homes. The technicians, who were conducting maintenance work, took advantage of their access to set up eight mining devices that operated around the clock, leading to a significant increase in electricity costs.
The nursing homes reported electricity bills that were approximately $1,153 higher than usual, prompting an internal investigation. IT staff discovered the hidden devices concealed in the suspended ceilings of office spaces. The police believe that the technicians acted independently and were not part of an organized crime group.
“Electricity theft of this kind can be punished with up to five years in prison in Hong Kong,” the report states.
While cryptocurrency mining is not illegal in Hong Kong, the actions of these individuals highlight a growing issue of electricity theft associated with mining operations. The authorities are currently working on clearer regulations, particularly concerning stablecoins.
Key Takeaways:
- Two technicians arrested for illegal crypto mining in nursing homes.
- Electricity costs increased by $1,153 due to mining operations.
- Potential prison sentence of up to five years for electricity theft.
Why PEPENODE Could Turn $100 into $10,000 by 2026
As reported by Cryptopolitan, PEPENODE is gaining attention in the meme-coin sector, nearing a significant milestone of $1 million in presale just weeks after its launch. The overall market capitalization of meme coins has risen to $74.3 billion, reflecting a 16.6% increase since early September. This surge is attributed to the growing optimism among investors, particularly as major meme coins like Dogecoin and Pudgy Penguins see double-digit weekly gains.
Strategic investors are adjusting their portfolios to include potential high-growth assets like PEPENODE, which is currently priced at $0.0010533. Analysts predict that PEPENODE could yield a 100-fold return during the next meme-coin bull run, making it an attractive investment opportunity.
“PEPENODE is expected to be one of the hottest new meme coins to watch in 2025,” stated Umar Khan from the YouTube channel 99Bitcoin.
PEPENODE offers a unique virtual mining experience, allowing users to create digital mining rigs without the need for expensive hardware. This innovative approach not only reduces costs but also enhances user engagement through interactive features and rewards.
Key Takeaways:
- PEPENODE nearing $1 million in presale, with a current price of $0.0010533.
- Market capitalization of meme coins has increased to $74.3 billion.
- Analysts predict a potential 100-fold return for PEPENODE by 2026.
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