Home
Internet
Internet News
UK Police Goes in for Drug Bust at Industrial Estate, Finds Illegal Cryptocurrency Operation Instead

UK Police Goes in for Drug Bust at Industrial Estate, Finds Illegal Cryptocurrency Operation Instead

"It's certainly not what we were expecting," West Midlands Police Sergeant Jennifer Griffin said.

By Agence France-Presse | Updated: 29 May 2021 11:38 IST

UK Police Goes in for Drug Bust at Industrial Estate, Finds Illegal Cryptocurrency Operation Instead

Police believed this illicit operation was mining Bitcoin

Click Here to Add Gadgets360 As A Trusted Source

Highlights

Illicit operation was found at industrial estate northwest of Birmingham
The site housed around 100 computers and had bypassed electricity meters
Mining cryptocurrency is a hugely energy-intensive process

Drugs police in central England spotted the tell-tale signs of a cannabis farm: visitors at all hours, extensive wiring, ventilation ducts and unusual amounts of heat being generated.

But on closer inspection, they exposed another operation reliant on massive power usage: a cryptocurrency mine that was stealing electricity from the national grid.

A raid by West Midlands Police uncovered the illicit operation at an industrial estate Northwest of Birmingham, Britain's second city.

Crytocurrency Mining Banned in Iran for 4 Months Amid Power Cuts

#CountyLines | During the week we executed a drugs warrant at a premises on a #Sandwell industrial unit – and uncovered a #cryptocurrency mine.

⚡️ The set-up was stealing thousands of pounds worth of electricity from the mains supply.

More ➡️ https://t.co/zkhPzOSUVz pic.twitter.com/0fjJdcfMUp
— West Midlands Police (@WMPolice) May 28, 2021

"It's certainly not what we were expecting," Sergeant Jennifer Griffin said Friday.

"It had all the hallmarks of a cannabis cultivation set-up and I believe it's only the second such crypto mine we've encountered in the West Midlands."

Police believed this operation was mining Bitcoin, she added.

The site housed around 100 computers and had bypassed electricity meters. It was empty at the time and no arrests were made, but police said they were investigating the unit's owner.

Mining cryptocurrency is a hugely energy-intensive process requiring large amounts of electricity in giant data centres.

Bitcoin mining alone uses the same amount of electricity a year as Switzerland does, according to Deutsche Bank analysts.

Iran's President Hassan Rouhani on Wednesday announced a four-month ban on all cryptocurrency mining, after his energy minister apologised for unplanned power cuts in major cities blamed on unlicensed miners.

In mid-May, entrepreneur Elon Musk's Tesla stopped accepting bitcoin as payment for its electric cars, citing concerns about the harmful environmental effects of mining cryptocurrencies.

As of May 29 (11:33am), Bitcoin price in India stood at over Rs. 26.8 lakhs.

It's Google I/O time this week on Orbital, the Gadgets 360 podcast, as we discuss Android 12, Wear OS, and more. Later (starting at 27:29), we jump over to Army of the Dead, Zack Snyder's Netflix zombie heist movie. Orbital is available on Apple Podcasts, Google Podcasts, Spotify, Amazon Music and wherever you get your podcasts.

Affiliate links may be automatically generated - see our ethics statement for details.

Cryptocurrency Prices across Indian exchanges

Comments

Get your daily dose of tech news, reviews, and insights, in under 80 characters on Gadgets 360 Turbo. Connect with fellow tech lovers on our Forum. Follow us on X, Facebook, WhatsApp, Threads and Google News for instant updates. Catch all the action on our YouTube channel.