Thai Authorities Blame Local Power Outages on Bitcoin Mining
In Thailand, authorities have determined that illegal Bitcoin miners are responsible for repeated power outages. According to a report by Blockzeit DE, companies have had to reduce their operating costs or close down following the recent Bitcoin halving. This has led some miners to move to regions with cheaper electricity costs.
An incident in Ratchaburi, west of Bangkok, highlights this issue: police and officials from the Provincial Electricity Authorities (PEA) uncovered an illegal mining operation after investigating months-long complaints about power outages. Despite a search warrant, the operators partially fled and only some of the equipment was confiscated.
Thai Authorities Investigate Power Outages: Raid on Illegal Bitcoin Miners
According to Cointelegraph Germany, an investigation by Thai authorities has revealed that illegal Bitcoin mining contributes to frequent local power outages. Investigations were launched in a town west of Bangkok after residents reported unexplained interruptions.
The law enforcement discovered that the house in question was being used as the base for a large-scale mining operation. The district's chief security officer further explained that despite high energy consumption, suspiciously low payments were being made—a clear indication of stolen electricity.
These Two Mining Companies Now Control Over 50% of Bitcoin Hashrate
According to BeInCrypto | Bitcoin & Crypto News, Foundry USA and AntPool now dominate approximately 57% of the total network hashrate in Bitcoin mining. This centralization raises concerns within the crypto community about potential threats to the decentralized nature of Bitcoin.
Data also shows the geopolitical implications of this development: while Foundry USA operates under U.S. influence, AntPool is operated by China's Bitmain Technologies. Experts warn of potential censorship issues and control questions arising from this concentration of power within a few pools.
Revealed: Mexico's Secret Plan to Ditch the Dollar for Bitcoin!
Samson Mow suggests, according to Crypto News Flash, that Mexico should restructure its treasury to hold reserves in the form of Bitcoins—similar to gold reserves or foreign exchange reserves. This move could help counter inflation and currency devaluation.
Mow also highlights the potential of issuing Bitcoin-backed bonds based on Mexican energy resources; this would not only promote national accumulation but also stimulate investment in crypto mining—which could ultimately set new global standards for innovative financial instruments. Senator Indira Kempis strongly supports this proposal, noting that such measures could have long-term positive impacts both economically and technologically.
Sources:
- Thailändische Behörden führen lokale Stromausfälle auf Bitcoin-Mining zurück
- 9 Bitcoin-Mining-Unternehmen stellen Aktivitäten nach Strompreiserhöhungen in Paraguay ein
- Thailändische Behörden ermitteln bei Stromausfällen: Razzia gegen illegale Bitcoin-Miner
- Diese zwei Mining-Unternehmen kontrollieren jetzt über 50 % der Bitcoin-Hashrate
- Enthüllt: Mexikos geheimer Plan, den Dollar für Bitcoin aufzugeben!
- Bitcoin-Kurs aktuell: US-Notenbankchef Jerome Powell kündigt Zinssenkung an
