Massive bitcoin mine discovered in UK
Islam News – Massive bitcoin mine discovered in UK after police raid suspected cannabis farm.
Police in the United Kingdom say they inadvertently discovered an illegal bitcoin mine while looking for 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.
However, officers found a bank of around 100 computers and zero cannabis on entering the building.
Bitcoin miners use purpose-built computers to solve complex mathematical equations that effectively enable a bitcoin transaction to go through. The miners are rewarded for their efforts in the digital currency.
However, the entire process is incredibly energy intensive because of the amount of power used by the computers. Bitcoin has a carbon footprint comparable with that of New Zealand, producing 36.95 megatons of CO2 annually, according to Digiconomist.
“My understanding is that mining for cryptocurrency is not itself illegal but clearly abstracting electricity from the mains supply to power it is,” Griffin said. The term “mains supply” refers to the utility grid.
The computer equipment has been seized but no arrests have been made.