Thousands of Cryptocurrency Mining RIGS were Destroyed By Rollers in Malaysia

Cryptocurrency Mining
Share It On:

19th July 2021, Kathmandu

A cryptocurrency, crypto-currency, or crypto is a digital asset designed to work as a medium of exchange wherein individual coin ownership records are stored in a ledger existing in a form of a computerized database using strong cryptography to secure transaction records, to control the creation of additional coins, and to verify the transfer of coin ownership.

In Malaysia, thousands of cryptocurrency mining rigs have been destroyed by rollers. In the Malaysian city of Sarawak, authorities reported that 1,069 rigs could not be trampled by a steamroller at once.

According to Malaysian publication Dyke Daily, the PCs were seized in six raids between February and April this year.

Sarawak Energy Berhad, an electric utility company in the Malaysian province, is accusing mine operators of stealing electricity for their activities.

The company said the operators allegedly stole energy worth RM8.4 million.

Individuals who want to mine cryptocurrencies seriously, such as Bitcoin and Etherium, use PCs built for it, and this process usually consumes a large amount of electricity.

It is therefore not surprising that energy thefts are often reported in places where miners conduct activities.

Malaysian city police chief Hekmal Hawari told Dyak Daily that energy theft for mining has spread so much this year that three houses were set on fire due to illegal electrical connections.

Malaysian police destroyed 5.3 million ringgit worth of such rigs.


Share It On:

Recent Posts

Kumari Bank Promoter Share Sale: Eligibility, Application Process, and Price

Kumari Bank Promoter Share Sale: Eligibility, Application Process, and Price

Share It On:21st November, Kathmandu Kumari Bank Limited has officially declared its intention to sell a substantial number of promoter

Up to NPR 150 Cashback on Nepal Telecom and Ncell Services with Namaste Pay

Up to NPR 150 Cashback on Nepal Telecom and Ncell

Share It On:21st November, Kathmandu Namaste Pay has unveiled an exciting new campaign to reward its users with cashback on

Ncell introduces innovative feature, enabling customers to convert voice to data or data to voice services

Ncell introduces innovative feature, enabling customers to convert voice to

Share It On:21st November, Kathmandu Ncell customers can enjoy an innovative feature that allows them to convert or exchange remaining

Genese Solution’s G-TEC: Empowering Women in Tech and Creating a Diverse Tech Workforce in Nepal

Genese Solution’s G-TEC: Empowering Women in Tech and Creating a

Share It On:21st November 2024, Kathmandu Genese Solution – a value IT consulting company, and Kageshwori Manohara municipality, have joined

Shikhar Insurance: Celebrating 20 Years of Service and Commitment to Nepali Customers

Shikhar Insurance: Celebrating 20 Years of Service and Commitment to

Share It On:21st November 2024, Kathmandu Shikhar Insurance had a grand celebration for their 20th Anniversary. On the occasion of

India’s Generative AI Startups: A Comprehensive Look at 2024’s Key Trends and Investments

India’s Generative AI Startups: A Comprehensive Look at 2024’s Key

Share It On:21st November 2024, Kathmandu As 2024 draws to a close, India’s generative AI ecosystem stands out as a