1,773 Bitcoin ASICs Destroyed by Malaysian Police – U.Today


Malaysian police have destroyed 1,773 Bitcoin ASIC miners, according to a Sunday report by local newspaper Sinar Harian.

Apart from mining machines, the authorities also disposed of computers, modems, desktop switches and routers, and CCTVs.        

The aforementioned equipment had been seized as the result of 38 raids carried out in the Kota Setar District.

Acting on a tip, Kedah police searched 21 locations to investigate electrical power theft, electric meter tampering, and the level of damage inflicted on electricity supply lines.

Illegal mining is pretty common in Malaysia. In December, Malaysian authorities confiscated more than 1,700 Bitcoin mining machines that were cumulatively worth over $800,000. They were used for mining Bitcoin with stolen electricity.

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Last July, a video that shows hundreds of Bitcoin mining steamrolled by Malaysian authorities went viral on social media. The destroyed ASICs were powered by electricity stolen from Sarawak Energy power lines.  Those who were responsible for managing the mining operation were arrested.

Bitcoin mining requires a massive amount of electrical power since ASIC machines require solving extremely complicated mathematical tasks. When unethical miners siphon electricity, it exerts immense pressure on power lines and causes blackouts. In the aforementioned case, three houses caught fire cause of the illegal mining operation.

Illicit mining is also rampant in other parts of the globe. As reported by U.Today, Iran’s government recently announced that those who run mining farms illegally would face much tougher penalties.

Last May, U.K. police accidentally uncovered an illegal Bitcoin mining farm while searching for a cannabis factory.

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.
Disclaimer: Any financial and market information given on U.Today is written for informational purpose only. Conduct your own research by contacting financial experts before making any investment decisions.

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