Electricity theft by crypto miners in Malaysia, a growing problem

Temps de lecture : < 1 minute

Malaysia is facing a worrying increase in electricity theft linked to crypto mining activities. According to the authorities, illegal miners have stolen the equivalent of $722 million worth of public electricity over the past five years. This situation raises environmental and economic concerns in the country.

Exorbitant power consumption for crypto mining

Mining cryptocurrencies, particularly Bitcoin, is an extremely energy-intensive activity. Miners must mobilize significant electrical resources to power the powerful computing equipment required to solve complex calculations. In Malaysia, this demand for electricity has led some miners to turn to theft to power their operations. This phenomenon has highlighted the regulatory and security challenges posed by the cryptocurrency industry.

Malaysian authorities’ repressive efforts

Faced with this situation, Malaysian authorities have stepped up their fight against electricity theft linked to cryptocurrency mining. Police seized and destroyed more than 1,720 mining machines in 2021. Six people have also been sentenced to six months in prison for this crime. Despite these efforts, the problem persists and continues to worsen. The authorities plan to further strengthen surveillance measures and penalties to deter these illegal activities.

Economic and environmental consequences

The massive theft of electricity by illegal miners is having a major economic impact on Malaysia. According to estimates, these activities have cost the national power grid almost 2 million ringgit (423,197 euros). Beyond the financial aspect, this excessive consumption of electricity also raises environmental concerns, as Malaysia still relies heavily on fossil fuels.

Sommaire

Sois au courant des dernières actus !

Inscris-toi à notre newsletter pour recevoir toute l’actu crypto directement dans ta boîte mail

Picture of Onja Mbola

Onja Mbola

Avec une licence en informatique, Onja Mbola Andrianirimanjaka se distingue par sa polyvalence et son expertise dans divers domaines. Il excelle en développement web et se révèle être un rédacteur talentueux, notamment sur des sujets liés à la finance, aux cryptomonnaies et aux NFT. Sa passion pour les nouvelles technologies stimule sa curiosité et lui permet de rester à la pointe des évolutions de son secteur.

Envie d’écrire un article ?

Rédigez votre article et soumettez-le à l’équipe coinaute. On prendra le temps de le lire et peut-être même de le publier !

Articles similaires

coinaute

FREE
VIEW