A man was arrested in the alleged theft of Bitcoin mining computers worth about $579,000, Los Angeles police say.
A 27-year-old Canyon Country man was arrested on suspicion of stealing Bitcoin mining computers worth an estimated $579,000, the Los Angeles Police Department said Tuesday.Bryan Thola allegedly had the stolen computers in his cargo van and a public storage unit, according to an LAPD news release. He was booked into LAPD's Van Nuys Jail Thursday and released the following day on his own recognizance, inmate records show.
Computers compete to add blocks to the chain and and miners are paid by the block.'The mining, or transaction processing, is accomplished by incredibly expensive and powerful computers whose sole function is to run algorithms to solve the mathematical problem that allows their owner to win a Bitcoin block — and the revenue that comes with it,' Richard Baker, CEO of miner and blockchain services provider TAAL Distributed Information Technologies, told Forbes.
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