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Author: Admin | 2025-04-27
The destruction of over 2,000 devices worth approximately $470,000. These were electrical items without the Energy Commission certifications used for Bitcoin mining. The Malaysian minister further shared that the devices were described under Sections 406A and 407 of the country's Criminal Procedure Code.In Malaysia, two power companies struggle with losses associated with theft by illegal Bitcoin mining operationsAside from TNB, Sarawak Energy Berhad was also hit by the same problem. Sarawak Energy Berhad is another state-owned electric utility company that uncovered electricity theft for mining operations. According to the company, it has uncovered three crypto-mining operations in Miri using stolen electricity, resulting in monthly losses of RM 30,000. In a raid conducted by the police and Syarikat SESCO Berhad (SESCO), the company discovered direct tapping cables in many residential homes in Pujut and Jalan Miri-Bintulu, which are used to bypass the meters and steal electricity. The raid confiscated over 70 crypto-mining servers and other electric devices, which are now used as evidence.Power theft was also reported in ThailandPower theft for illegal Bitcoin mining activities isn't limited to Malaysia. Thailand, its neighbor, has also reported a few incidents. Agence France-Presse reported last August 25th that Thai police and officials from the Provincial Electricity Authorities (PEA) raided an illicit Bitcoin mine in Ratchaburi town, west of Bangkok, after receiving complaints about "frequent blackouts" in the area. According to Jamnong Chanwong, the chief district security officer, the authorities found Bitcoin mining rigs, and the occupants used the power they didn't fully pay for.Russia also reports "frequent blackouts" due to uncontrolled miningFrequent blackouts due to "illegal Bitcoin mining" have also been reported in Russia, particularly in its southern republic of Dagestan. According to a Reuters report, the local government has called for stricter measures to catch cryptocurrency miners in the area, draining the region's power supply. Abdulmuslim Abdulmuslimov, the local prime minister, urged the authorities to pay more attention to illegal Bitcoin and crypto mining after a fire erupted in the capital caused by the over-consumption of powers. Local authorities have concluded that the fire have been caused by "power-hungry" crypto mining operations in the area. Abdulmuslimov further shared that the operators of these illegal crypto-mining operators are now using new tricks to circumvent the law by installing underground mining farms.Dagestan's illegal crypto mining woes have reached the Office of President Vladimir Putin, who warned against unregulated crypto mining in a recent statement. Putin said that an uncontrolled increase in electricity consumption for mining can lead to power shortages in certain regions.Despite raids and crackdowns, Bitcoin mining is not illegalDespite the recent crackdowns, Bitcoin and crypto mining services aren't illegal in many parts of the world. Only five countries, including China and Saudi Arabia,
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