600 bitcoin computers seized

Police in Tianjin have confiscated 600 bitcoin mining computers after the local power grid reported abnormal electrical consumption.

According to Xinhua News Agency, an electrical line monitored by the power company in Tianjin recently saw a sudden increase in line losses of up to 28 percent during peak hours.

Investigators said they found that an electrical junction box for a power user's electricity meter had been bypassed, which is a typical way to escape billing.