Over 1,000 bitcoin mining machines have been completely destroyed in Malaysia after they had been seized for illegally mining the cryptocurrency utilizing stolen electrical energy. The mining machines, value about $1.26 million, had been steamrolled within the Malaysian metropolis of Miri and eight individuals have been arrested up to now.
Over a Thousand Bitcoin Mining Machines Demolished in Malaysia
Malaysian authorities have utterly destroyed 1,069 bitcoin mining machines confiscated between February and April with a steamroller, native media reported Friday.
The mining machines had been seized in a joint operation carried out by police and Sarawak Power Berhad (SEB) in Miri, a Malaysian metropolis on the northwest coast of the island of Borneo. They’re estimated to be value 5.3 million Malaysian ringgits ($1.26 million). All seizures that had been settled in court docket had been disposed of on the Miri district police headquarters Friday.
Miri police chief ACP Hakemal Hawari stated eight people had been additionally arrested for being concerned in unlawful mining actions. He stated in an announcement:
A complete of six individuals have been efficiently charged underneath Part 379 of the Penal Code for electrical energy theft and have been fined as much as RM8,000 and jailed for as much as eight months.
The authorities stated that the mining machines used electrical energy stolen from SEB’s electrical energy provide strains to mine bitcoin.
In line with the police chief, SEB suffered a lack of 8.4 million Malaysian ringgits resulting from electrical energy theft from the bitcoin mining actions. He additional detailed:
The electrical energy theft for mining bitcoin actions has triggered frequent energy outages and in 2021, three homes had been razed resulting from unlawful electrical energy provide connections.
Native information outlet Dayakdaily posted a video of the destruction of seized bitcoin mining machines Friday.
What do you concentrate on Malaysian authorities destroying bitcoin mining machines with a steamroller? Tell us within the feedback part beneath.
Picture Credit: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This text is for informational functions solely. It isn’t a direct provide or solicitation of a proposal to purchase or promote, or a advice or endorsement of any merchandise, providers, or firms. Bitcoin.com doesn’t present funding, tax, authorized, or accounting recommendation. Neither the corporate nor the creator is accountable, straight or not directly, for any harm or loss triggered or alleged to be brought on by or in reference to using or reliance on any content material, items or providers talked about on this article.