Officials destroyed $ 1.25 million worth of mining platforms.
1,069 mining rigs crushed
Law enforcement officials in Malaysia confiscated 1,069 Bitcoin mining rigs before crushing them all with a large steamroller last week.
The seizure was part of a joint effort between Miri City Police officers and Sarawak Energy, an electricity company in Malaysia, to crack down on crypto miners who were stealing electricity to mine Bitcoin. according to Vice. The rigs were seized by police in six separate raids between February and April.
They were spectacularly destroyed this week when officers laid them all out in a police station parking lot and steamroller rolled them over them. Check out the video of the action below:
Crypto mining costs
All in all, the authorities destroyed about $ 1.25 million worth of equipment – and that still doesn’t make up for the cost of the stolen energy.
In fact, Sarawak Energy claims it lost about $ 2 million because miners stole electricity.
“Electricity theft for mining bitcoin activity has often resulted in blackouts, and in 2021 three houses were razed to the ground for illegal power connections,” said Hakemal Hawari, a Miri police chief. to the Malaysian local newspaper The star.
Crypto mining is notorious for its immense energy consumption and the resulting harmful effects on the environment. In fact, Elon Musk claimed that this was one of the main reasons he decided to drop Bitcoin as a means of payment for Tesla in May.
CONTINUE READING: Police destroy 1,069 Bitcoin miners with Big Ass Steamroller in Malaysia [Vice]
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