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Police confuse bitcoin power usage for pot farm

http://blogs.computerworld.com

One of the issues, other than if governments will try to outlaw bitcoin, is the high amount of electricity needed to create a single bitcoin. It might cost more to generate a bitcoin than the actual value a bitcoin is currently traded at. High electricity bills can lead to marijuana busts. And it is this unusual power consumption needed that caught my attention since it appears as a bitcoin miner has been mistaken as a person running a marijuana growing operation.

Blogger Mike Esspe captured an IRC chat that supports the rumor floating around that at least one bitcoin miner has been arrested.

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Created by phonon 3 years 14 weeks ago – Made popular 3 years 14 weeks ago
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