News Cryptomining Bust Recovers 500 Graphics Cards, 3,800 PS4 Consoles

[Admin]

The Ukrainian law enforcement closed down a clandestine cryptocurrency mining farm in the city of Vinnytsia.

Cryptomining Bust Recovers 500 Graphics Cards, 3,800 PS4 Consoles : Read more

 

[Makaveli]

Glad they busted these clowns.

 

[JerryC]

Glad they busted these clowns.

Why? If they owned the hardware, I do not understand what the problem is. I assume that mining crypto is illegal in Ukraine, otherwise the bust makes no sense at all.

 

[USAFRet]

Why? If they owned the hardware, I do not understand what the problem is. I assume that mining crypto is illegal in Ukraine, otherwise the bust makes no sense at all.

"The perpetrators had set up camp in an old warehouse and stealthily tapped into the city's power grid to mine cryptocurrency. "

I think the stealing of electricity was the trigger.

 

[Co BIY]

Great way to launder criminal proceeds. Have dupes/or associates buy the hardware in the country of contraband sale, buy high value electronic good and ship it to Mining location for creation of untraceable currency.

 

[F-minus]

Why? If they owned the hardware, I do not understand what the problem is. I assume that mining crypto is illegal in Ukraine, otherwise the bust makes no sense at all.

Because like majority of those farms, they stole electricity.

 

[VforV]

Why? If they owned the hardware, I do not understand what the problem is. I assume that mining crypto is illegal in Ukraine, otherwise the bust makes no sense at all.

And this people is a perfect example of someone posting without reading the article... or even worse, is in support of stealing (electricity).
Nice...

 

[JfromNucleon]

for creation of untraceable currency.

Sorry but not all (and actually most) cryptocurrencies aren't completely untraceable.

 

[jurassic_]

Why? If they owned the hardware, I do not understand what the problem is. I assume that mining crypto is illegal in Ukraine, otherwise the bust makes no sense at all.

It was not illegal about mining crypto but they steal the power - that was illegal

 

[TomKraven]

Why? If they owned the hardware, I do not understand what the problem is. I assume that mining crypto is illegal in Ukraine, otherwise the bust makes no sense at all.

You didn't read the full article, didn't you? It is mentioned twice that they were stealing electricity directly from the grid.