By CCN: Chinese authorities sentenced a 61-year-old grandmother to four months in jail for stealing electricity while mining bitcoin. Qiuping Tang was also fined 10,000 yuan (about $1,500) for electricity theft. A federal court in the Hebei Province of China made the decision pursuant to a lawsuit filed by the Tangshan Power Supply Company, Chinese media reported. Specifically, Tang was charged with stealing about $1,300 worth of electricity while mining bitcoin between January and October 2018. Tang’s Bitcoin Mining Profits Were a Meager $940 Bitcoin mining uses a lot of electricity, so it’s no surprise that power theft is a
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