Wednesday, March 7th 2018

Grand Theft PC: Thieves Made Away with 600 Cryptomining Computers

So, what's cheaper than building your own cryptomining rig? Stealing one, of course. With the humor aside, the Associated Press reported that around 600 cryptomining computers were stolen from multiple data centers in Iceland over the last three months. The first three thefts occurred in December, and the fourth took place recently in January. So far, the Icelandic authorities have apprehended 11 individuals, including a security guard, in connection with the series of heists. According to the publication, the stolen computers are estimated to worth almost $2 million. Unfortunately, the police haven't had any lucky locating the whereabouts of the stolen goods. However, they are actively monitoring electric consumption in the country, since cryptomining tends to require high power usage. They've also contacted local internet service providers, electricians, and storage space rentals to ask for their cooperation in reporting any abnormal requests for more power.
Source: Associated Press
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10 Comments on Grand Theft PC: Thieves Made Away with 600 Cryptomining Computers

#1
rtwjunkie
PC Gaming Enthusiast
This cracks me up. It’s not hard to find large electric use locations, and large shipments off-island of computers should also be pretty easy to intercept.
Posted on Reply
#2
looniam
https://thehackernews.com/2018/03/bitcoin-mining-computers.html
The thefts, which also included burglary of 600 graphics cards, 100 processors, 100 power supplies, 100 motherboards and 100 sets of computer memory, were captured on CCTV cameras by Advania, the server company reportedly hit by two of the three thefts.
it seems it was really 100 rigs but i guess each card is a mini computer, right? :oops:
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#3
Chloe Price
Toy money just brings more and more problems day after day,
Posted on Reply
#4
R-T-B
Chloe Price said:
Toy money just brings more and more problems day after day,
Because the "toy money" has graduated beyond the toy phase and is worth stealing.

This is a normal "money" problem.
Posted on Reply
#5
Loosenut
rtwjunkie said:
This cracks me up. It’s not hard to find large electric use locations, and large shipments off-island of computers should also be pretty easy to intercept.
Shouldn't be too hard to stay off the electrical grid with a few generators
Posted on Reply
#6
R-T-B
Loosenut said:
Shouldn't be too hard to stay off the electrical grid with a few generators
Try turning a profit that way, though.

Also, they aren't reading electric bills to find people with high usage. Privacy laws and all. They follow the wires, or in the case of generators, the noise.
Posted on Reply
#7
Chaitanya
Chloe Price said:
Toy money just brings more and more problems day after day,
Like real money doesnt cause any similar problems.
Posted on Reply
#8
FordGT90Concept
"I go fast!1!11!1!"
Chino said:
However, they are actively monitoring electric consumption in the country, since cryptomining tends to require high power usage.
They were probably sold. Like said, the machines are worth $2 million. How long would that take for said machines to mine in crypto? A very long time. They're never going to get their machines back.
Posted on Reply
#9
Loosenut
R-T-B said:
Try turning a profit that way, though.

Also, they aren't reading electric bills to find people with high usage. Privacy laws and all. They follow the wires, or in the case of generators, the noise.
Point taken
Posted on Reply
#10
kastriot
Good job , now steal all other remaining rigs and sell them to people who need it :P
Posted on Reply