Malaysia police destroyed more than 1,000 bitcoin mining machines using a steamroller. The machines were confiscated over an alleged theft of electricity, which was used to mine bitcoin. A video clip that went viral on Twitter on Friday initially led many to wonder who would destroy such a significant number of bitcoin mining equipment and where.
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Copper-mining supply doubled between 1994 and 2014, and probably held steady or continued to grow in 2015. What''s even more notable is that copper supplies might keep growing despite the collapse in prices, as they did in 2008-2010 when production rose about 3% despite the price plunge during the financial crisis (Figure 1).
WhatsAppGet PriceGet A QuoteKUALA LUMPUR (AFP)
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WhatsAppGet PriceGet A QuoteMalaysia destroys an array of mining equipment. According to a Malaysian news portal, The Star, a total of crypto mining machines worth $1.26 million were destroyed. These machines were reportedly a part of illegal mining farms that were stealing electricity from the Sarawak Energy Berhad (SEB).
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WhatsAppGet PriceGet A QuoteThe mining industry has consistently played a vital role in the country''s economic development as it serves as a backbone for the construction and manufacturing sectors, namely in supplying the relevant basic raw materials.1 For interested parties, this article will provide a brief insight as to the legal framework of mining industry in Malaysia.
WhatsAppGet PriceGet A QuoteMalaysian authorities seize over 400 bitcoin mining machines. Police in Malaysia captured over 400 bitcoin mining machines worth a total of RM180,000 (or $43,800). George Town, capital of Penang state, was where the Police uncovered the mining machines, arresting four suspects during raids on seven shophouses.
WhatsAppGet PriceGet A QuoteKUALA LUMPUR (AFP) - Malaysian police have hit on a novel way to dispose of more than 1,000 Bitcoin mining machines seized in raids - they crush the devices using a steamroller.
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WhatsAppGet PriceGet A QuoteKUCHING, Nov 24 — Sarawak Energy Berhad (SEB) has busted yet another case of power theft involving a cryptocurrency mining centre, this time at a shoplot in Jalan Matang here during a joint raid carried out recently. The state utility in a statement yesterday said a total of 32 cryptocurrency mining machines worth around RM80,000 were found
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