Malaysian police destroy 1,069 bitcoin mining rigs with steamroller

-

Malaysian cops seized and destroyed 1,069 bitcoin mining rigs by crushing them with a steamroller — after the miners allegedly siphoned off almost $2 million worth of electricity to power the energy-intensive machines.

The machines, which were estimated to be worth about $1.25 million, were seized in a joint operation carried out by police in the city of Miri and electric utility company Sarawak Energy between February and April, according to a report from the Malaysian National News Agency.

A video of the steamrolling posted last week by local news outlet Dayak Daily has made the rounds on social media.  

Six people were arrested for electricity theft in the operation, and have been fined almost $2,000 as well as “jailed for up to eight months,” according to a statement from Miri police chief ACP Hakemal Hawari that was quoted by local outlets. 

So-called bitcoin mining involves using computers to solve complex math problems in an effort to be rewarded with freshly minted units of the popular cryptocurrency, which was worth around $31,300 per coin as of 6 a.m. Monday.

In Malaysia, electricity theft to power bitcoin mining operations has become an increasingly urgent issue for authorities.

“The electricity theft for mining bitcoin activities has caused frequent power outages and in 2021, three houses were razed due to illegal electricity supply connections,” the Miri police chief told local outlets.

Critics of cryptocurrencies, and bitcoin especially, have taken aim at the mining process, saying that the demand for energy is exacerbating climate change.

Some governments, including that of China, have cracked down on mining operations in the country, citing the environmental impact as well as the potential for cryptocurrencies to disrupt the established financial system.

Still, demand for computers capable of carrying out the process is surging as speculators look to cash in on cryptocurrency.

The machines now sell for thousands of dollars and take months to ship out, according to China-based Bitmain.

Comments

Post a Comment

Disclaimer
Comments expressed here do not reflect the opinions of nanointensified.blogspot.com or any employee thereof.

YOU MAY ALSO LIKE:

Woman goes naked, jumps on top of police vehicle in Spain.

-
Image
A naked woman jumped on top of a police car after being released following a court appearance for flouting the coronavirus lockdown. The unnamed blonde stripped off and made her colourful protest after appearing before a judge. She was held at about 8pm yesterday in the Costa del Sol resort of Torremolinos after annoying neighbours who had applauded emergency services for their work in the fight against coronavirus. She was filmed resisting arrest with her clothes on at first, but stripped off as she got to court. She also took her clothes off after being released on bail by a judge and getting on top of the police vehicle. After being hit with a truncheon and pinned to the ground, she was taken to a waiting ambulance. She has been described as a 41-year-old Spanish national. Her whereabouts this evening were not known. -Daily Star
Read more

Horrific: Potential treatment for Coronavirus should be tested in Africa - Two French Doctors discussed on Live Television.

-
Image
Two French Doctors were caught on Live Television discussing about testing a potential COVID-19 treatment in Africa. They hinted that the Experiment treatment should be carried out in the continent just the same way the experimental treatment of Aids was carried out on prostitutes.  They Chose Africa as the rightful destination for the test stating that the continent has No masks, No treatment and No Reanimation. Translation of their statements are seen below. Dr Mira: "If I can be provocative, shouldn't we do this study in Africa, where there are no masks, no treatment, no resuscitation, a bit like it has been done in some studies in AIDS, where among prostitutes, we try things, because they are exposed, and ...they don't protect themselves, what do you think?" Dr Locht: "So you are right[...]we're thinking in parallel to a study in Africa precisely to make this same type of approach w/ BCG [vaccine]placebo,I t
Read more

Viral video of Woman masturbating in Chinese IKEA store sparks security revamp. (video +18)

-
Image
A viral video of a woman masturbating at a Chinese IKEA store has prompted a security revamp. The X-rated clip shows the unidentified woman, wearing nothing but a loose-fitting white shirt, pleasuring herself in various parts of the do-it-yourself furniture superstore. Amid the two-minute vid, customers and even young children can be seen obliviously browsing in the background. Although it didn't confirm exactly which of its outlets the video was shot in, the Swedish giant issued a statement saying it was "taking the matter very seriously." "We oppose and condemn these actions and have reported the incident to the police," it said. "IKEA is committed to providing home inspiration for the public." "We will increase security and cleaning in order to create a safe, comfortable and healthy shopping experience and environment." It is not clear when exactly the footage was shot; however none of the shoppers appear to be wearin
Read more

Breaking: Dr Kemi Olunloyo officially hands over her digital assets to her Son Rich Kjt.

-
Image
Renowned Nigerian Journalist Dr Kemi Omololu Olunloyo has announced that she will be officially handing over her digital assets to her youngest son Kayode Joshua Taiwo popularly know as RichKjt. In a statement released via her Instagram handle, Dr Kemi stated that her son Richkjt, an award winning Digital creator and Blogger, will henceforth manage #Kemitalks under the platform @Keminicationsmedia on Instagram and Facebook.com/Kemitalksmedia. Born in Baltimore Maryland, Rich Kjt is a singer and rapper as well as a public figure. Kjt has been rapping since he was 3 years and derives his inspirations from many artists. "It's time to move on. My focus now is on my son's music and blogging career as well as @revolutionnow_ng which I joined to start making changes in Nigeria in time for the next leadership. I must stand up with Comrade Omoyele Sowore." Nigerians have failed to see the truth in many things I
Read more

Jonnie Irwin welcomes Twins with wife Jessica Holmes

-
Image
A Place In The Sun presenter Jonnie Irwin, 46, has announced the arrival of his and wife Jessica Holmes’ twins in a sweet Instagram post this evening. The television personality shared adorable images of himself and his other half cradling their newborn babies in the hospital in view of his 12,000 followers. Jonnie gushed over how “proud” he is of Jessica but admitted the couple have acknowledged “having three boys under 18 months” is going to be “hard”. The pair welcomed their first baby, Rex, on Christmas Day in 2018. Opening up about the birth of their little ones, Jonnie wrote: “They’ve arrived! “After a long day in hospital the boys finally decided to make an appearance. They are identical in every way including weighing a good 5 pounds 7 each.” — Jonnie Irwin (@jonnieirwin) June 24, 2020
Read more

Woman dies while allegedly having sex with a Catholic priest.

-
Image
A Catholic priest, identified as Father  Abel Mwelwa , has been suspended in Lusaka, Zambia, after his married lover allegedly died during a marathon sex in his house. The deceased, who was a member of the Catholic Women’s League from St Maurice Catholic Church, had lied to her husband that she was going to a funeral but ended up with the priest. Police in Lusaka says they have instituted an inquiry into the death of a 42-year-old woman who allegedly died in the Parish Priest’s House at Kaunda Square Catholic Church. Meanwhile, Fr. Abel Mwelwa in a statement that the manner in which Lusaka Diocese Archbishop Alec Banda has handled the matter is unfair. “ I would like to assure you that all is well. My soul is at rest. Knowing that the justice of God is on my side. I have no bitterness against the manner in which this was handled. I allow God to deal with the matter ,” Dr. Mwelwa said. He also claimed that Monica Mulenga died in the hospital of Acute Pneumonia as the postmor
Read more

#BBNaija: Laycon, Dorathy, who the cap fit?

-
Image
 The winner of the Big Brother Naija Lockdown Season will be selected between Laycon and Dorathy as the beautiful Nengi has just been evicted from the Big Brother House. Nengi made it to the top three but unfortunately she will not be going home with the grand prize. Laycon, Dorathy, who the cap fit?
Read more

Six Million dollars fraud, 6 high profile Nigerians indicted by the United States Government.

-
Image
The United States Government has today Tuesday June 16, filed indictments against six high profile Nigerians for conducting an elaborate scheme to steal over six million dollars from victims across the United States. Richard Uzuh, Micheal Olorunyomi, Alex Ogunshakin, Felix okpoh, Nnamdi Benson and Abiola Kayode are all found wanting for cybercrimes, in which their victims were defrauded of more than $6 million dollars via BEC fraud scheme and Romance fraud scheme, following Investigation by the Federal Bureau of Investigation (FBI). As a result of their indictments, all property and interests in property of the aforementioned individuals that are in the possession or control of U.S. persons or within or transiting the United States are blocked, and U.S. persons are generally prohibited from dealing with them.
Read more

Peter Obi joins Presidential race

-
Image
Former Governor of Anambra State, Peter Obi, has officially declared his interest in the race to be president of the Federal Republic of Nigeria come 2023. Peter Obi tweeted "Dear Nigerians. I am here to inform you all that I will be aspiring for the post of President of Nigeria in 2023. -PO."
Read more