• In Spain, police raid an illegal cryptocurrency mining farm

  • The National Spanish Police raided and dismantled an illegal cryptocurrency farm in the Toledo region of Spain. The farm operated with an unauthorized connection to the power grid, defrauding the power company of thousands of euros. The farm housed over 100 mining machines as well as sophisticated climatization equipment.

    In Spain, an illegal cryptocurrency farm was raided.

    The National Police raided and demolished a cryptocurrency mining farm in the Spanish region of Toledo that was operating through an illegal connection to the power grid. A video shared on social media depicts the procedure used by agents to gain access to the farm, which included breaking down the front door and entering the premises of the house in the Toledo region. Agents were notified of the incident due to the unusual amount of heat emitted by the house, which was associated with extremely high energy consumption.

    A woman was arrested on suspicion of committing fraud against a power utility company. As long as miners pay for their power costs, cryptocurrency mining is a perfectly legal occupation in the country. According to police reports, the farm was home to more than 100 miners and a sophisticated ventilation and refrigeration system. Because cryptocurrency mining is an energy-intensive task, the woman had to connect illegally to the grid in order to profit.

    The investigation is still ongoing in order to fully determine the facts surrounding this crime and to determine whether there is a money laundering connection. According to local media, the search party was expecting to find something more common in the area: a cannabis farm.

    It’s not the first time

    This is not the first time a cryptocurrency farm has been mistaken for a cannabis farm. On May 28, UK police raided what they thought was a cannabis farm, only to discover a massive cryptocurrency mining operation. The intelligence that led to the raid indicated that there were signs associated with traditional cannabis farms, such as the heat print detected and the high transit of people associated with the property.

    In that case, the farm was also stealing power from the power grid, robbing the country’s utility company of thousands of pounds. This type of theft is likely to continue as long as the Bitcoin mining difficulty continues to rise and more equipment becomes obsolete in order for miners to maintain a reasonable level of profit.

    This is not a serious crime in Spain, and it carries a maximum penalty of 12 months in prison.

    What's your reaction?
    Happy0
    Lol0
    Wow0
    Wtf0
    Sad0
    Angry0
    Rip0