CHINA THROWS BITCOIN-MINING GRANDMA IN JAIL FOR STEALING ELECTRICITY TO MINE BITCOIN

May 27,2019 at 10:26 pm


A Thursday report from China disclosed that the Kaiping District People’s Court of Tangshan City, Hebei Province has sentenced a 61-year-old woman to prison for stealing national power resources for the mining of bitcoin.


Tang Qiuping, the convict, who only had Junior high school education will now face a four months jail term as well as pay a fine of 10,000 yuan (app. $1,450) for her crime.


Authorities say Tang operated four bitcoin mining rigs, including one regulator and one mobile device using stolen electricity. She earned about $940 from her mining activities but ran up electricity costs of $1,300.


After being arrested, Tang confessed to her crime and reimbursed the electricity company. She also paid a fine to the Chinese State Treasury. In total, Tang paid more than $3,600 to settle her case.

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