SIC arrests Chinese group for mining cryptocurrencies in Kwanza Norte

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The Criminal Investigation Service detained an organized Chinese group that mined cryptocurrencies with cutting-edge computer technology in the province of Kwanza Norte, camouflaged in a brick factory.

The seven suspects of Chinese origin were mining cryptocurrencies in the municipalities of Cazengo and Lucala, where they used seven computers connected to the internet, each of which spent more than 1.000 watts/h in the mining process, coupled to several fans and two transformer stations. , using electricity from the public network.

The arrest of the suspects comes after several anonymous reports, where the materials they used for the transactions were seized, such as several mining devices, connected to batteries protected by fans, as well as the seven computers.

Cryptocurrency mining is the name given to the process of validating and including new transactions in the blockchain, a huge public database that records the history of user movements. As a result, new digital currencies are created.

In other words, mining is responsible for putting more cryptocurrencies into circulation, just like a central bank does by “printing” money. The difference is that, in the case of digital currencies like Bitcoin, there is no authority managing the process – everything is governed by algorithms.

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