back to article Spanish Bitcoin farm raided

Spanish police have raided six Bitcoin mining centers across the country, arresting 30 people on money laundering charges. The arrests in Madrid, Barcelona, Valencia, and Cordoba followed an investigation by the country's tax agency. Reuters reports the operators were laundering cash obtained from pay TV piracy. Some €31,320 …

  1. Adam 52 Silver badge

    I recommend reading the Reuter's piece, this raid was about the TV fraud and the bitcoin mining was just one small part of the money laundering for that, it was only coincidentally a raid on a bitcoin farm, not as the Reg headline suggests.

    1. d3rrial

      Here you go, mate: https://en.wikipedia.org/wiki/Clickbait

    2. Chozo

      Eurpol Press Release

      https://www.europol.europa.eu/content/spanish-network-behind-illegal-distribution-pay-tv-channels-dismantled

      1. Dan 55 Silver badge
        WTF?

        Apparently they also seized a counterfeit luxury car. What on earth is one of those?

        1. Indolent Wretch

          That'll be a Skoda Superb

        2. Anonymous Coward
          Anonymous Coward

          Apparently they also seized a counterfeit luxury car. What on earth is one of those?

          You know, like maybe a NNercades or a BMVV ?

          I actually saw some Ray-Bam sunglasses in Mexico, once.

    3. Anonymous Coward
      Anonymous Coward

      Re: Spanish Bitcoin farm raided

      You'll never guess what happened next!

  2. Pete 2 Silver badge

    In the wrong place

    > Police said the bitcoin mining facilities were using "vast" amounts of electricity.

    It seems unlikely that anyone would set up a Bitcoin farm in Spain, considering the country has some of the most expensive domestic electricity rates in Europe.

    [ ref: Eurostat ]

    1. Captain Scarlet Silver badge

      Re: In the wrong place

      From the comments above I assume they were probably obtaining leccy via another means (i.e stealing it with a dodgey leccy cable)

      1. Dan 55 Silver badge
        Flame

        Re: In the wrong place

        Give it a couple of years and €31,320 will be the average annual electricity bill in Spain.

  3. Indolent Wretch

    I love the fact that given all the dodgy dealing these jokers were doing or may have doing, stealing leccy, money laundering, illegal TV operation, etc, etc. The bit gets focused on is the naughty Mathematics!

  4. Richard Boyce

    Seizing bitcoin

    Seizing bitcoin is not like seizing other currencies. There can be backup wallets that allow the bitcoin to be spent before any seized computer is even examined. Maybe that's why only a total of £26,000 is reported from 4 locations.

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