Main notes
- The Malaysian police seized 45 illegal mining machines of $ 52,145.
- The operation was stolen with $ 8,342 of electricity every month.
- No arrests were made, but investigations are continuing.
The Malaysian police carried out a raid on the illegal Bitcoin Mining Syndicate operating in the Holo Terringano and Marang regions on April 30. The authorities believe that the operation, based in the northeastern region, was using stolen electricity to generate bitcoin mining activities.
According to a report from a Local news portThe raids occurred in two separate sites, one in Phuket Perbat, Holo Trinjano, and the other in Wakf Tabai, Marang. The process led to the seizure of 45 Bitcoin mining machines, which are estimated at $ 52,145 (225,000 Malaysian Rangeit). In addition to mining platforms, the police also confiscated many other equipment used by the union.
The police conducted the raids in cooperation with the Tenaga Nasional Beeral’s (TNB) unit against losses (SEAL). At the time of operations, no arrests were made. Datok Mohamed Khairi Khair al -Din, the Tiringano police chief, confirmed that more investigations are being done on illegal mining activities.
Khairuddin also revealed that unauthorized mining platforms were stealing electricity worth $ 8342 (36,000 Malaysian Rangeette) every month of the national electricity provider. The union was able to avoid discovery by working outside residential and commercial real estate, while taking advantage of the power supply illegally.
Malaysia’s position on encryption mining
Illegal mining in Malaysia is a criminal crime and the convicts face up to five years in prison, or fines of up to 23172.68 dollars (100,000 Rangeit Malaysian), or both.
Although encrypted currencies have not been recognized as a legal tender in Malaysia, the country does not consider bitcoin mining illegal, but this must be done using the electricity source legally.
This is not the first time that the Malaysian authorities have taken measures against illegal encryption mining. In August 2024, seven individuals were arrested, and the Deputy Minister of Energy revealed that miners who use illegal energy sources cost the country at $ 723 million between 2018 and 2023.
In previous cases, the Malaysian authorities have taken a strict position by destroying 985 mining machines from illegal bitcoin using Steamroller, while emphasizing their policy of zero tolerance towards electricity theft.
In relevant news, the United States continues to lead the transformation towards the most sustainable energy sources in bitcoin mining. North America now represents more than 80 % of all sustainable bitcoin mining activities, with great progress in adopting renewable and low carbon energy options.
This trend reflects an increasing commitment to reducing the environmental impact of encryption mining, and the position of the United States as a central figure in the global transition to more green mining practices.
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Slip: Coinspeaker is committed to providing unbiased and transparent reports. This article aims to provide accurate and timely information, but it should not be considered financial or investment advice. Since market conditions can change quickly, we encourage you to check your information and consult with a professional before making any decisions based on this content.
Rose is a cherry content writer with a strong background in financing and technology. It simplifies the complex Blockchain topics and encrypted currencies, and provides insight and market analysis to help readers move in the advanced encryption scene.
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