Are Peers Also Thieves? The 'Mining Farm Heist' in Shenzhen's Urban Village

​Left a deep impression. It was in 2019, in an inconspicuous alley in Longgang, Shenzhen, lived a low-key miner.

Outsiders only saw an old residential building; who would have guessed that it was stuffed with hundreds of mining machines, buzzing all day long, with heat radiating from the walls. The owner was particularly cautious and rarely brought friends over.

​But some things, you can guard against strangers, but not against peers.

​That night, someone in the village saw several trucks parked at the alley entrance, and a dozen young men in work clothes got out, badges hanging on their chests, looking like they were from the electricity department for an inspection. No one thought much of it. In the middle of the night, the neighbor heard loud banging from inside and thought the owner was moving equipment himself.

​The next morning, when the owner pushed open the door, he was stunned; millions of dollars' worth of mining machines had all been cleared out, not even a screw left on the floor, and most of the network cables hanging on the wall had been ripped away.

​After calling the police, they investigated for several months, and in the end, the one they caught was not an outsider, but the owner of another mining farm. That person spoke without a hint of shame: “The market is bad, I can’t hold on much longer, I just wanted to borrow some equipment first.”

​Hearing this, the owner could only smile bitterly: “Peers are also thieves.”

​After reading this, you understand that in the crypto world, you not only have to guard against market fluctuations, but sometimes you really have to be wary of those around you. #BTC #ETH #PiJS #pi