Chinese Household in Trouble for Chasing a Lost Cause – Mining Bitcoin with Phones

A Chinese household has been stealing electricity to mine bitcoin using 50 mobile phones and 15 improvised mining rigs. The home workshop has consumed almost 33,000 kWh of unbilled electricity. That should be enough for a couple of bitcoins, but using a smartphone for the job is not really an option.   Also read: 80% … Read more