Quote:
Originally Posted by bitontheslide
bitcoin transactions require a huge amount of processing because of the way it works, so that gets offloaded to computers around the world to process. For providing that processing service, people get paid in bitcoins depending on how much they process, which has become known as bitcoin mining.
What these guys were basically doing was getting 100 computers to do that processing and earn themselves some bitcoin. That part is perfectly legal. The illegal part comes from the fact that currently, the amount of bitcoins they earn from the process is of lower value than the price of the electricity used by the computers to process it, so what they did was bypass the mains electricity and basically steal it off the electric company - thats illegal  |
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