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Bitcoin Mining Discovered by British Police in Attack on Marijuana Farms



Bitcoin mining discovered during an attack on the Black Country industrial unit, which stole thousands of pounds worth of electricity from the mains.

Source: West Midlands Police.

LONDON — Police have found an illegal bitcoin mine in the UK looking for a cannabis farm.

The mine is located in an industrial unit on the outskirts of the British city of Birmingham. They are stealing thousands of pounds worth of electricity from the main supply. West Midlands Police said Thursday.

Police raided the unit in Sandwell on May 1

8 with intelligence that led them to believe it was being used as a cannabis farm.

The police added that A large number of people visit the unit at various points of the day, with numerous power lines and ventilation ducts visible. Police drones also detected large amounts of heat coming from the building.

all this is However, officers found the bank with about 100 computers and zero marijuana entering the building, police said.

“It’s definitely not what we expected,” said Sergeant Sandwell, Jennifer Griffin. said in a statement “It has all the features of a cannabis cultivation setup. And I believe it is only the second crypto mine we have found in the West Midlands.”

Bitcoin mining discovered during an attack on the Black Country industrial unit, which stole thousands of pounds worth of electricity from the mains.

Source: West Midlands Police.

Bitcoin miners use specially built computers to solve complex mathematical equations that efficiently pass Bitcoin transactions. Miners are rewarded for their efforts in cryptocurrency.

However, the whole process is incredibly energy intensive as the amount of energy a computer uses Bitcoin has a carbon footprint equivalent to New Zealand. It produces 36.95 megatons of CO2 per year, according to Digiconomist.

“My understanding is that mining for crypto is not illegal. It is a clear separation of electricity from mains to power,” Griffin said.

Confiscated computer equipment but still no arrests

Read more about cryptocurrencies from CNBC Pro

On Wednesday, the Iranian government announced a ban on mining bitcoin and other cryptocurrencies as officials blamed the energy-intensive process for extinguishing fires in several Iranian cities.

About 4.5% of global bitcoin mining takes place in Iran between January and April of this year. According to blockchain analytics firm Elliptic, it ranks among the top 10 in the world, while China comes in first at nearly 70%.

The Inner Mongolia region of China plans to ban new cryptocurrency mining projects and shut down existing activities to reduce energy-consuming operations.

– Additional reporting by CNBC’s Natasha Turak.


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