Thailand’s law authorities recently raided a house occupied by a company running Bitcoin mining operations.
According to the South China Morning Post’s coverage, the illegally operated Bitcoin mining activities triggered frequent power outages in the vicinity for over a month.
Illegal Bitcoin Mining Operations
Bitcoin, the leading cryptocurrency, uses a proof-of-work (PoW) consensus mechanism. This entails that transactions are added to the blockchain through the mining process. Miners use mining machines and associated equipment to perform this task and get rewarded with BTC. The whole process is an energy-intensive activity, implying that machines used for the operation consume large amounts of electricity and expel heat.
The Thai government classifies Bitcoin mining as a manufacturing operation. This means that miners in the country must pay the required tax.
Jamnong Chanwong, a chief district security officer, led the police and officials from the Provincial Electricity Authori
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