RIOT - Stealing Bitcoin Mining Machines Is Stupid Points Out Noted King Crypto Advocate: 'Don't They Know These Devices Rapidly Lose Value…' | Benzinga
Jameson Lopp, a software engineer and Bitcoin (CRYPTO: BTC) advocate, while highlighting two significant busts involving the theft of Bitcoin mining equipment, questioned the objectives of the robbers behind doing so.
What Happened: Lopp took to X on Thursday to share news of two separate arrests made in connection with the theft of Bitcoin mining hardware. One arrest occurred in Los Angeles, while the other took place in Baton Rouge. Lopp pointed out the folly of such thefts, noting that the stolen devices quickly depreciate in value when not in use.
The Los Angeles Police Department recovered $579,000 worth of stolen Bitcoin mining computers and arrested a suspect. In the second case, the Baton Rouge ...