Chinese Authorities Seize 600+ Computers Used for Bitcoin Mining

Police in Tianjin &#8211; a city in Northern China &#8211; seized some 600 computers used for bitcoin mining. The authorities’ attention was attracted by the abnormal surge of electricity usage by the local power grid operator. Five people are being investigated and one is already being detained. Reuters cites local Chinese media Xinhua, which reported the specifics around a local police officer who noted that &#8220;Eight high-power fans were also seized,&#8221; adding that it was<br />Read More<br />The post Chinese Authorities Seize 600+ Computers Used for Bitcoin Mining appeared first on Bitcoinist.com.

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