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Saturday, June 21, 2025

Cryptominer in Taiwan must pay a fine for using private electricity - Cryptopolitan

TL;DR Breakdown
• Citizen in Changhua would be operating in a crypto-mining farm illegally since 2020
• Taipower demands that the cryptominer pay around $55,547, but their motion fails
Recently Changhua city court demanded that a cryptominer pay around $55,547 for the improper use of electricity for crypto mining operations. The cryptominer, whose last name is Cheng, would have installed 20 pieces of equipment towards the private line that, curiously, is not connected to an electric meter. Therefore, the owners of the company had no record of electricity consumption.
Now the cryptominer is facing a serious sentence for operating an illegal farm and using energy that was not under his authority. In his defense, Cheng said that he had no idea what was happening and that his father installed it before he died.
Illegal crypto-mining operations in Taiwan
Since the beginning of 2022, the Taiwanese authorities, both the Changhua city police and the inspectors of the Taipower company, have...



Read Full Story: https://www.cryptopolitan.com/cryptominer-in-taiwan-must-pay-a-fine/

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