Taiwan authorities have arrested a local resident suspected in the theft of electricity with the purpose of mining cryptocurrency, according to CoinDesk, citing a local source.

For mining bitcoin and live with the people of Taiwan named Yang used energy sources from 17 shops leased to them. To maximize the profitability of operations, young was hired electricians who helped him to hide the real energy consumption.

With this scheme, Yang was able to mine crypto-currency in an amount equivalent to 100 million new Taiwan dollars ($3,25 million).

We will remind, in the autumn, a Chinese court sentenced a miner to a prison term of 3.5 years for stealing electricity.

Source