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That assumes they can actually get the Bitcoin. It's also likely that there won't be anything left after compensating the power company, since the mining operat
by tgsovlerkhgsel 5y ago
That assumes they can actually get the Bitcoin. It's also likely that there won't be anything left after compensating the power company, since the mining operation was likely unprofitable if taking the cost of electricity into account.
- tluyben2 5y agoIt might have been profitable 2 months, it's not anymore and soon it will seem silly (when BTC drops below 20k) even until the next bull market comes along.
- onion2k 5y agoThat assumes they can actually get the Bitcoin. If they can't then they can also charge the people behind the electricity theft with a bunch of additional crimes about withholding the proceeds of crime, money laundering, refusing to hand over encryption keys, etc. If the operation was unprofitable that doesn't matter either - if the CPS determine you mined, say, 1000BTC then that's what you 'owe'. If you can't pay it then they'll seize your other assets up to that amount. That money is then used to pay the electricity company, government, etc. The law is very much rigged against you if you're caught.