Illegal Crypto Mining Camp Uncovered in Malaysia
Sarawak Energy and the local police in Malaysia have dismantled an illegal crypto mining camp in Miri, Sarawak. The camp was equipped with 34 ASIC miners and their connections.
- All mining equipment, including cables and servers, were seized.
- Electricity theft incidents have been on the rise in Malaysia due to low electricity rates.
- The cost of electricity theft in this case was estimated at RM6,000 per month ($1,317).
- Malaysian officials have cracked down on three power theft schemes connected to crypto mines in Senadin.
- In separate incidents, Malaysian authorities have apprehended individuals for stealing electricity for Bitcoin mining and confiscated mining equipment.
Authorities in Miri City possess the necessary tools and meter inspection teams to detect electricity theft, and they encourage the public to report any suspicious activity.
Hot Take
Illegal crypto mining operations are a growing concern in Malaysia, with electricity theft becoming a serious offense. The government and energy companies are taking strong measures to dismantle these camps and prevent further theft. It is important for individuals to report any suspicious activity to help combat this issue.
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