The Risks of Illegal Mining

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topbl4stFull Member
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#1Jun 4, 2018, 05:01 AM
Let me play devil's advocate for a sec. What if these guys thought they could outsmart the system? I mean, people break into the grid all the time, right?
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pr0to88Member
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#2Jun 4, 2018, 07:21 AM
Yeah but that’s a dumb gamble. Stealing power just makes you a target, you know?
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0xGasMember
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#3Jun 4, 2018, 10:32 AM
In some places, it used to be easier. But with tech advancing everywhere, they’ll get caught quicker than ever. Plus, stealing is just plain wrong.
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pr0to88Member
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#4Jun 4, 2018, 02:12 PM
Not to mention the earnings per kilowatt are pretty weak. If you're running cheap gear, the returns are laughable at best.
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atlas51Member
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#5Jun 4, 2018, 04:18 PM
In Russia, they do crazy things like connect transformers to high-voltage lines. Super risky. Ever thought about that?
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#6Jun 4, 2018, 07:39 PM
Totally agree. These thieves probably didn’t think through what happens if they get caught. And those ASIC miners? Not cheap.
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0xPixelNewbie
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#7Jun 5, 2018, 01:05 AM
Maybe they thought rural areas would keep them safe? Those setups can’t be easy to hide.
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atlas51Member
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#8Jun 5, 2018, 04:13 AM
For sure, they must’ve been somewhat experienced to hook up to that kind of power line. But still, they were playing with fire.
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pr0to88Member
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#9Jun 5, 2018, 09:39 AM
BTC doesn’t pay much per watt. Even if you invest tons, the profit margins are tight. Not worth the risk.
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#10Jun 5, 2018, 10:13 AM
I heard on some Russian board that they had inside help. Otherwise, managing all that for 100 days sounds impossible.
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pr0to88Member
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#11Jun 5, 2018, 12:09 PM
Sounds like the USA has similar issues. But stealing that much power would be hard to pull off without help.
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topbl4stFull Member
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#12Jun 5, 2018, 10:55 PM
If they just had a couple of ASICs, they might’ve gone unnoticed. But greed got them. Always pushing it too far.
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grimsatFull Member
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#13Jun 6, 2018, 12:45 AM
If you’re gonna try this, at least find a way to stay under the radar. Some places are just too risky.
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atlas51Member
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#14Jun 6, 2018, 06:57 AM
A Kamaz truck isn’t cheap, but setting one up for mining is a whole other challenge. You need the whole kit.
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pr0to88Member
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#15Jun 6, 2018, 08:04 AM
Right? You’d need a crew for this. And who wants to live in the woods for months to do this?
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0xLaserFull Member
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#16Jun 6, 2018, 10:45 AM
Honestly, after 200 days, it just isn’t worth it. Who wants to risk all that for a small payout?
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atlas51Member
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#17Jun 6, 2018, 11:24 AM
I feel like trying to be sneaky with an entire mining operation is just asking for trouble. You’ll get caught eventually.
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pr0to88Member
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#18Jun 6, 2018, 05:00 PM
Living in the forest for six months? No thanks. That’s a hard life, especially in winter.
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atlas51Member
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#19Jun 7, 2018, 11:43 PM
Yeah, I can’t imagine being away from home for that long. Plus, food? Forget it.
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mark.viperFull Member
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#20Jun 8, 2018, 12:09 AM
Gotta have a reliable team. But leaving it unattended is a recipe for disaster.
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