Bitcoin miner jailed for stealing £32k electricity in cryptocurrency scam

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Bit-coin miner jailed for stealing £32k electricity in dodgy cryptocurrency scam at nightclub and warehouse in UK first

While the offence at the industrial unit was under investigation - Singh went on to commit the same offence at the nightclub in Loughborough.

Mining cryptocurrencies is a complex and energy-intensive process, which requires a lot of computer power. "He was in the business to make money from his bitcoin enterprise but was not honest enough to meet the cost of running the machines required to run the operation. Mr Baxter continued: “Prosecuting Sanjay Singh required painstakingly piecing together evidence of the work he had done to calculate the value of the electricity he had obtained illegally, as well as establishing that he was responsible for tampering with the power supply.

 

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