withAt first, several small computers could be seen, neatly placed side by side in the parking lot. Then heavy equipment ran over them. The roller kept moving back and forth, carefully destroying the processor. Cast iron rolls on the iron. Malaysian authorities sent this video using an unusual scrapping operation to the media, and it is now circulating on social networks. The goal of the judiciary: to take action against Bitcoin miners who allegedly stolen electricity. once again.
According to ABC CNBC, which includesAfterwards, the police confiscated 1,069 computers at several illegal Bitcoin farms on the island of Borneo. According to Hakemal Hawari, Deputy Chief of Police, Bitcoin miners stole about US$2 million worth of electricity; from the production line of Sarawak Energy Corporation. Between February and April, surprise inspections of Bitcoin manufacturers in six factories were conducted.
Unusually, the authorities decided to scrap these equipment. China usually auctions confiscated computers.
The so-called crypto mining, that is, the production of virtual currency, is a very energy-consuming process. Generating Bitcoin requires a very powerful computer and a suitable graphics card. This operation consumes a lot of power. Sometimes this can overload the local network.
Although it is not illegal to mine cryptocurrency in Malaysia, there are strict laws on electricity consumption. Those who tamper with wires face huge fines and up to five years in prison.
Cambridge Alternative Finance Centre Appreciated Malaysia accounts for 3.44% of all Bitcoin miners in the worldThis makes this Southeast Asian country one of the top ten Bitcoin manufacturers on the planet. By comparison: In April 2021, China’s production accounted for about 46%, and the United States accounted for about 17%.
According to Hawari, 8 people were arrested for the recent attack on Miri. Six people were charged with stealing energy supplies. You are now facing up to eight months in prison and fines. As early as March, a Bitcoin miner in Malacca City stole US$2.2 million in electricity from the energy company Tenaga Nasional Berhad.
