Malaysia is literally crushing thousands of illegal Bitcoin miners. It’s unclear why authorities outright destroyed the miners rather than attempting to reap some value, but they could still be sold for scrap. Authorities in Malaysia destroyed more than $1.2 million worth of Bitcoin mining rigs after they were confiscated for operating illegally.
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How do authorities dispose of confiscated cryptocurrency mining rigs? In a city in Sarawak, Malaysia, authorities got rid of 1,069 rigs at once by crushing them with a steamroller, Vice reports.
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How do authorities dispose of confiscated cryptocurrency mining rigs? In a city in Sarawak, Malaysia, authorities got rid of 1,069 rigs at once by crushing them with a steamroller, Vice reports.
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However, the Royal Police Malaysia (PDRM) managed to make headlines simply because of its sheer resolve and method to send a clear message to illegal Bitcoin miners. In a grandiose fashion, the police laid out 1,069 Bitcoin mining machines in a parking lot and crushed them with a steamroller. Many international news organisations ran the news
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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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The Cambridge Center for Alternative Finance estimates that Malaysia accounts for 3.44% of all the world''s bitcoin miners, placing it in the top ten mining destinations on the planet.. Eight have
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In Malaysia, that''s resulted in a lot of mining rigs being seized and destroyed in a very public way. As CNBC reports, local police received a tip that Bitcoin miners were stealing electricity from Sarawak Energy power lines on the island of Borneo. What followed was six raids between February and April where $1.26 million of equipment was
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However, the Royal Police Malaysia (PDRM) managed to make headlines simply because of its sheer resolve and method to send a clear message to illegal Bitcoin miners. In a grandiose fashion, the police laid out 1,069 Bitcoin mining machines in a parking lot and crushed them with a steamroller. Many international news organisations ran the news
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KUALA LUMPUR (Oct 28): Malaysia ranks among popular spots for bitcoin mining alongside Kazakhstan, Iran and Russia, behind the US and China. In a report on Wednesday, the Wall Street Journal (WSJ
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