This matter is getting a lot of headlines all over the world. Malaysian state is a group crypto-miner Who are said to have stolen electricity on a large scale to operate their mining farms. There is talk of loss in lakhs: Between February and April this year, several devices were seized in six raids. The power company in the Malaysian province accused mine operators of stealing electricity for their activities and placed the damage at 8.4 million RM, or about 2 million euros.
Seized mining rigs are destroyed
The city authority in Sarawak has now destroyed 1,069 mining rigs seized in a publicly celebrated measure. They were set in a square and then driven over them with a steamer. Steamroller crushed PC into many small pieces, reports online-magazine vice. The action was recorded on video:
The destruction of bitcoin mining hardware worth over 1 million euros
The hardware is said to have been valued at around 5.3 million RM (about 1.2 million euros).
Such power theft is on the rise for crypto miners. Dimensions, like now in Malaysia, are of course still an exception. Electricity thieves got their attention only on large scale evacuation. They certainly could have paid for the electricity with their crypto profits, but criminal gangs are mining more and more and trying to increase their profits. The mining process consumes a large amount of electricity. It is therefore not surprising that there are frequent reports of power theft and illegal electricity connections where miners work.
Infographic: Bitcoin uses more electricity than the Netherlands