Chinese police crack down on bitcoin miners over $3m of stolen electricity
Police in eastern city of Zhenjiang confiscate almost 4,000 of bitcoin mining devices
Police in eastern China have cracked down on a ring of illicit bitcoin miners who stole nearly $3m (£2.4m) worth of electricity to generate the digital currency, prompting a local power company to tip off investigators, authorities said.
Police in Zhenjiang, in eastern Jiangsu province, said officers confiscated almost 4,000 mining devices from an illicit bitcoin operation that stole nearly 20m yuan in power.
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