Bitcoin mine discovered in uk

Cannabis farms concealed inside houses are pretty distinctive. High temperatures, constant humidity, sealed rooms to control odors, and vents to maintain the microclimate are all hallmarks of those that house many plants, and this is certainly known to police. As such, using infrared cameras and drones, police can home in on illegal farms with ease — but they might not always be what they seem. After West Midlands police gained intelligence suggesting a resident was growing cannabis on an industrial estate in Sandwell, UK, police officers gained a warrant and attended the area expecting to find a swathe of cannabis plants. Instead, they found a large cryptocurrency mining rig of around units, all mining for bitcoin. The equipment used in the operation was all seized on grounds of illegal electricity consumption.

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• Fake Cryptocurrency Mining Apps Trick Victims Into Watching Ads, Paying for Subscription Service
• Officers expecting cannabis in UK unit find massive Bitcoin mine
• Police bust huge bitcoin mine in search for cannabis factory in Tipton
• Police raided a warehouse for drugs ... and 'found a bitcoin mine'
• Massive bitcoin mine discovered in UK after police raid suspected cannabis farm
• The U.K. Police finds Bitcoin mine in hunt for cannabis farm

WATCH RELATED VIDEO: Inside Iceland's Massive Bitcoin Mine

Fake Cryptocurrency Mining Apps Trick Victims Into Watching Ads, Paying for Subscription Service

Cannabis farms concealed inside houses are pretty distinctive. High temperatures, constant humidity, sealed rooms to control odors, and vents to maintain the microclimate are all hallmarks of those that house many plants, and this is certainly known to police. As such, using infrared cameras and drones, police can home in on illegal farms with ease — but they might not always be what they seem.

After West Midlands police gained intelligence suggesting a resident was growing cannabis on an industrial estate in Sandwell, UK, police officers gained a warrant and attended the area expecting to find a swathe of cannabis plants. Instead, they found a large cryptocurrency mining rig of around units, all mining for bitcoin. The equipment used in the operation was all seized on grounds of illegal electricity consumption. According to the police, inquiries into the local electricity supplier uncovered thousands of pounds worth of power stolen from the mains supply to power the large rig, and the officers are now pursuing a case to permanently seize all the units discovered.

The police are now on the hunt for the owner of the operation. Bitcoin has come under heavy fire in recent months, as the crypto market hit a peak in early May and Bitcoin continued to rise.

However, following news of a changing attitude in China and a tweet from Elon Musk claiming Tesla will no longer accept Bitcoin citing environmental concerns , the crypto market took a sharp hit and many coins were significantly impacted. At the time, Bitcoin mining was using more electricity than Argentina , which troubled environmentalists. As cryptocurrencies such as Ethereum transition to more environmentally-friendly methods, it remains to be seen whether the market can bounce back.

In the meantime, if you are considering mining for crypto, make sure to source electricity legally. This website uses cookies to improve user experience. By continuing to use our website you consent to all cookies in accordance with our cookie policy. Share on Facebook.

Share on Twitter. Bitcoin mining rigs can be hundreds of units large. By Jack Dunhill 31 May , This website uses cookies This website uses cookies to improve user experience.

Officers expecting cannabis in UK unit find massive Bitcoin mine

May 28 UPI -- A bitcoin mine that was stealing thousands of dollars worth of electricity has been found by police near the British city of Birmingham. West Midlands police were looking for a cannabis farm in an industrial unit when they stumbled across the bitcoin mine, according to a police report released Thursday. Police said there were indications that the unit was being used as a cannabis farm so they initiated the May 18 search of the Great Bridge Industrial Estate in Sandwell. A police drone had detected a considerable amount of heat coming from the building, police said. Also, people were visiting the industrial unit several times during the day and numerous wiring and ventilation ducts were visible. No cannabis was found, but police discovered a bank of about computers and the equipment was seized. The police search found no one at the unit and no arrests have been made.

Police bust huge bitcoin mine in search for cannabis factory in Tipton

COPS were stunned to find a Bitcoin "mine" stealing thousands of pounds of electricity during a suspected warehouse drug raid. Officers in the West Midlands thought they were about to bust a cannabis farm - but were met with the advanced tech scam instead. Cryptocurrencies have to be "mined" in order to be created, which involves solving increasingly complex mathematical puzzles - requiring more and more powerful computers and significantly more energy. In this case suspicions had been raised over the huge volume of power being used, leading cops to initially think it was being used for drug production. Police heard lots of people were visiting the unit throughout the day, with lots of wiring and ventilation ducts visible while locals say three men were behind the operation. Cops forced their way into the premises in Great Bridge Industrial Estate in Sandwell on May 18, after a drone picked up a heat source - but didn't find what they were expecting. West Midlands Police say the computers were illegally using thousands of pounds of electricity in order to mine Bitcoin on a huge scale. Crooks have discovered Bitcoin can be used anonymously, meaning the unregulated currency is popular with criminals buying drugs and guns. The mass of IT equipment was seized, and a probe revealed the electric supply had been bypassed to power the "mine". It's certainly not what we were expecting.

Police raided a warehouse for drugs ... and 'found a bitcoin mine'

They expected to find a cannabis farm. Instead, they stumbled across a Bitcoin mining operation stealing stealing thousands of pounds of electricity from the mains supply. Sgt Jennifer Griffin explained this is only the second such crypto mine that has been found in the West Midlands. Only 21 million Bitcoins can ever be mined in order to protect the value of the system, effectively creating artificial scarcity. Mining uses computer software and a mathematical formula designed by the Bitcoin founder Satoshi Nakamoto.

Massive bitcoin mine discovered in UK after police raid suspected cannabis farm

A suspected Bitcoin "mining" operation illegally stealing electricity has been found by police who were searching for a cannabis farm. Instead of cannabis plants they found a bank of about computer units. The force said the cryptocurrency "mine" had effectively stolen thousands of pounds of electricity. Inquiries with network operator Western Power Distribution found an illegal connection to the electricity supply. Detectives said they were tipped off about lots of people visiting the unit throughout the day and a police drone picked up a lot of heat coming from the building. Sgt Jennifer Griffin said, given the signs, they had expected to find a cannabis farm.

The U.K. Police finds Bitcoin mine in hunt for cannabis farm

Expert insights, analysis and smart data help you cut through the noise to spot trends, risks and opportunities. Sign in. Accessibility help Skip to navigation Skip to content Skip to footer. Become an FT subscriber to read: EU should ban energy-intensive mode of crypto mining, regulator says Leverage our market expertise Expert insights, analysis and smart data help you cut through the noise to spot trends, risks and opportunities. Join over , Finance professionals who already subscribe to the FT. Choose your subscription. Trial Try full digital access and see why over 1 million readers subscribe to the FT. For 4 weeks receive unlimited Premium digital access to the FT's trusted, award-winning business news.

When British police raided a warehouse, they were expecting to find a cannabis farm. Instead they found banks of computers illegally siphoning the electricity needed to mine for Bitcoin. Cops in West Midlands, England seized around computer units that were working to bypass the local power grid. They discovered the warehouse after sending a drone over the site, which detected a considerable heat source.

Bitcoin mine uncovered during Black Country industrial unit raid that was stealing thousands of pounds worth of electricity from the mains supply. The mine — located in an industrial unit on the outskirts of the English city of Birmingham — was stealing thousands of pounds worth of electricity from the mains supply, West Midlands Police said Thursday. Police searched the unit in Sandwell on May 18 on the back of intelligence that led them to believe it was being used as a cannabis farm. Many people were visiting the unit at various points of the day, police said, adding there were numerous wiring and ventilation ducts visible. A police drone also detected a lot of heat coming from the building.

A police raid on a suspected cannabis farm turned up a much more unusual discovery than anticipated. Officers from West Midlands Police executed a drug warrant on an industrial unit at Great Bridge Industrial Estate in Sandwell on the back of intelligence suggesting it was being used as a cannabis farm. The force said the intelligence showed people visiting the unit at different times of day, lots of wiring and ventilation ducts were visible, and a police drone picked up a considerable heat source from above. The warrant was one of almost 50 executed as part of County Lines Intensification Week, from May 17 to The week of action led to 84 arrests, significant drug seizures and the recovery of weapons including a sawn-off shotgun and a blank firing pistol converted to discharge live rounds. Bitcoin mining is the process by which new bitcoins are entered into circulation, bitcoin being a form of crypto- or digital currency. Senior Reporter jamesvukmirovic.

We recently discovered eight deceptive mobile apps that masquerade as cryptocurrency cloud mining applications where users can earn cryptocurrency by investing money into a cloud-mining operation. By: Cifer Fang August 18, Read time: words. We have reported our findings to Google Play, and the apps have been promptly removed from the Play Store. Some of these apps have even been downloaded more than , times.