Thai Law Authorities Raid Illegal Bitcoin Mining Facility

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. 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 Thai government classifies Bitcoin mining as a manufacturing operation.

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