• A bitcoin miner was jailed in England for stealing $44,000 of electricity to run his operation

    1 day ago - By Business Insider

    Bitcoin mining is highly competitive and energy -intensive.
    Artyom Geodakyan/Getty Images
    A man in England was sentenced to more than a year in prison for stealing $44,000 worth of electricity, according to a report Thursday.
    An inspection of the 40-year-old man's premises showed he was running more than 200 devices using stolen power.
    The electricity was diverted from two locations that were closed for summer holidays.
    A 40-year-old man in England was sentenced to more than a year in prison for stealing electricity to run machines he was using to mine bitcoin, according to a report...
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