The police department also issued a statement on the destruction of an illegal crypto mining farm in Santipones, Spain, stating that the farm was initially believed to be a marijuana setup, but was later sold for 50,000 euros. A mining center of an estimated value of more than Rs. The farm was illegally connected to the city’s electricity grid, and because large scale crypto mining took place, advanced cooling with powerful industrial fans specially designed to remove the heat generated by mining System was being used.
The police report further states that the power company’s power was running out rapidly, making them suspect of fraud. A technician reported that the farm was stealing electricity worth 2,000 euros monthly.
Police found several advanced tools for cryptocurrency mining at the farm. There were 21 ASICs being used, which were being used exclusively for bitcoin mining. Its estimated value was more than EUR 31,500 (approximately Rs 26.5 lakh), and could generate profits of EUR 2,500 per month. A RIG mining equipment was also found, also used for cryptocurrency mining, which could have an estimated value of 13,000 EUR and make a profit of 1,000 EUR per month.<!–
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