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Borneo authorities seize illegal crypto miners running off stolen power

  • Authorities in the town of Miri on the island of Borneo shut down an illegal cryptocurrency mining operation and seized equipment following a tip-off from the public.
  • Local news outlet The Borneo Post reported that Sarawak Energy discovered the operation, which involved 34 cryptocurrency mining servers using stolen electricity through cable tapping.
  • All equipment, including servers and tapping cables, used in the operation was confiscated by the authorities.
  • Local police are currently investigating the case.
  • The illegal mining operation was estimated to have consumed around 6,000 Malaysian ringgits ($1300) worth of stolen electricity per month.
  • Sarawak Energy stated that although they offer low energy prices, energy theft remains an issue.
  • Earlier in 2023, another illegal mining operation was dismantled in the state of Senadin, where Miri is located, resulting in the seizure of over 137 mining servers.
  • Bitcoin miners continue to endure the ongoing bear market, leading to some mining firms and operators selling BTC in record amounts.
  • The Bitcoin mining ecosystem has seen a surge in network hash rate and difficulty, indicating resilience but also placing strain on smaller operators.
  • Illegal mining operators often steal electricity to reduce running costs, making them more profitable.

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