The suspect stole power from Daqing Oil Field, one of China’s biggest oil wells. The head of the oil production at Daqing Oil Field reported abnormal electricity usage. According to a report by a local Chinese media outlet, The Global Times, a Chinese man was arrested for trying to steal electricity to power his Bitcoin mining operation. The accused purportedly mined Bitcoins by taking power from one of China’s biggest oil wells. The suspect, known only by his surname Li, had been laying cables through deep fishponds to hide his operations and evade the electricity bill. The head of the oil production at Daqing Oil Field reported abnormal electricity usage, which alarmed the police. Later, they found out 20 active Bitcoin mining rigs, which ripped off an electricity bill of nearly 50,000 yuan (roughly $7,000). Drones were used for an airborne investigation across an area of two kilometers. Many cases similar to this were reported during last year including an incident in November when a Chinese headmaster was fired after a secret stack of crypto mining machines was found connected to his school’s electricity supply. In other news, six people were arrested were arrested in Tianjin for stealing power from the local power grid to fund their Bitcoin mining operations. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Litecoin price analysis: Bearish correction on the horizon as relative strength index creeps into the overbought zone FX Street 4 years The suspect stole power from Daqing Oil Field, one of China's biggest oil wells. The head of the oil production at Daqing Oil Field reported abnormal electricity usage. According to a report by a local Chinese media outlet, The Global Times, a Chinese man was arrested for trying to steal electricity to power his Bitcoin mining operation. The accused purportedly mined Bitcoins by taking power from one of China's biggest oil wells. The suspect, known only by his surname Li, had been laying cables through deep fishponds to hide his operations and evade the electricity bill. The head of the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.