South Korea Arrests 14 On Suspicion Of Discount Bitcoin Mining

South Korea Arrests 14 On Suspicion Of Discount Bitcoin Mining
South Korean authorities have arrested 14 operators allegedly involved in illegally subsidized Bitcoin mining, local media outlet Yonhap reports April 1.
As Yonhap reports, police arrested 14 people suspected of running Bitcoin mining setups using unfairly subsidized electricity since May 2017.

A total of 13 companies were complicit, each using up to 350 machines to mint bitcoins with an energy discount of 10%.

“These companies were found to be able to use electricity at a price 10% lower than that charged for general purposes, as well ...
Read more about "South Korea Arrests 14 On Suspicion Of Discount Bitcoin Mining" on coinatory.com

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