According to JAMnews, the Georgian Ministry of Internal Affairs seized 148 cryptocurrency mining devices during an investigation into illegal electricity use in the Mestia municipality. The Ministry stated that authorities found multiple locations using professional crypto mining equipment, with some residents suspected of illegally consuming large amounts of electricity and systematically mining with the relevant equipment to earn illegal income. The case is under investigation under Article 229 of the Georgian Criminal Code, with a maximum sentence of 3 years imprisonment.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 3
  • 1
  • Share
Comment
Add a comment
Add a comment
Paper-SculptedOctopusNight
· 7h ago
How cheap are the electricity prices in Georgia that they dare to steal power to mine with 148 mining machines?
View OriginalReply0
DoNotTouchTheLiquidationLine.
· 7h ago
Mestia has abundant hydroelectric resources; legitimate mining should have more advantages, but they insist on taking the crooked path.
View OriginalReply0
MistBlueLily
· 7h ago
A 3-year prison sentence in exchange for electricity costs, this ROI can't be calculated.
View OriginalReply0
  • Pinned