The illegal bitcoin mining process explodes in Malaysia

An illegal mining process was discovered in a house in a house in Malaysia, adding to the losses on the country’s energy network and contributing to the trend in the theft of electricity led by illegal encryption mining activities.

On February 13, the explosion and smoke in a house in Kuala Lumpur pushed the authorities to reveal an illegal mining process, as mentioned by Malay Mail. Firefighters responded to the scene after a local resident reported the accident. Upon investigation, they found a room with modified electric wires caused by a fire.

Once the fire was launched, officials discovered many bitcoin mining and relevant equipment. It was also emphasized that electricity has been illegally exploited for the process. The authorities launched an investigation and urged anyone with information to progress.

Bitcoin mining, which includes the use of unauthorized electricity for computers that work to solve complex algorithms and bitcoin gain, has become an increasing problem in Malaysia. Earlier in October 2024, the country’s national electricity provider, Tenaga Nasional BeerdCostumes were reported more than 440 million Ranget (about 101 million dollars) due to the theft of electricity. In July 2024, TNB I mentioned This cost Bitcoin mining illegal $ 755 million from 2018 to 2023.

The issue of illegal bitcoin mining is an increasing trend in many countries. In Iran, unauthorized coding mining was responsible for the lack of power as the country was struggling with a severe heat wave in Summer 2024. The authorities have discovered 230,000 illegal mining platforms, consuming up to 900 megawatts of electricity – hostile to a boycott with 1.4 million people. Many of these operations are found in schools and mosques, which receive supported electricity. In May, Venezuela I carried out a ban On encryption mining, quoting the need to protect the country’s energy network due to excessive energy consumption caused by mining activities.