Malaysia records a 300 % increase in the theft of illegal mining electricity: Report

Unlawful encryption mining in Malaysia increased by 300 percent between 2018 and 2024, a Malaysian publication reported by the star on Monday, referring to the largest electric benefit company in the country, Tenaga Nasional Behd (TNB). In 2018, a total of 610 illegal mining cases were identified in Malaysia and the number rose to 2,397 last year. It is said that the country enforcement authorities have begun the efforts made to determine and establish sites that are suspected to be the assets of unauthorized mining operations.

Exaggeration of encryption It is a thick energy process that requires miners to solve complex algorithms on advanced computers, which must be connected to electricity at all times. Bitcoin It is the most common cryptocurrency, which allows miners earning bonuses to generate new symbols. Exponant mining groups often suffer from electricity deficiency as well as power outages.

Over the past six years, Malaysian law enforcement agencies have noticed an increase in complaints of power outages and suspicions of potential electricity theft, a report The star said. After approximately 2,400 illegal mining cases last year, Malaysia tries to adopt more tight supervision of these activities.

The authorities have noted that many real estate owners reported unusually high electricity bills from their rented spaces. These bills ranged between 30,000 Malaysian Rangeette (about 5.86 Cham rupees) to 1.2 million Malaysian Rangeette (about 2.34 rupees). Upon investigation of cases, the authorities led to illegal mining operations run by tenants. The report claimed that, in about January of this year, more than 60 homeowners and stores were informed of the Malaysian state of Pirack about the high energy bills.

According to what TNB, TNB claimed that he works with the relevant national authorities to determine the increasing number of energy theft, investigation and deal with cases. The agency pays the use of a smart meter that can maintain electricity use records for each property.

Under Malaysia Electricity Supply Law, electricity thieves can face prison for up to a decade, along with a million Malaysian (about 1.95 rupees) sentences, the report has been highlighted.

Nowadays, encryption mining is not completely illegal in Malaysia, but miners workers It is said Required to record their operations and comply with the rules of anti -money laundering.

Malaysia is also working on the finishing touches on Web3 and its encryption strategy. In April, Malaysian Prime Minister Anwar Ibrahim meet Participant founder of Binance Changpeng Zhao to discuss the national road map web3. Perhaps, next time, the country can clarify DOS and not also take over for encryption miners.

Universal offer on encryption mining

Last year, International Monetary Fund (International Monetary Fund) Proposal A significant tax increase on encryption mining companies to encourage the adoption of green practices. He said that encryption mining can generate 450 million tons of carbon emissions by 2027, which represents 1.2 percent of the global total.

Like Malaysia, there are also other countries where illegal encryption mining appeared as an anxious topic. In May last year, Venezuela Prohibited Complete the encryption completely and seized thousands of mining machines.

In recent years, Norwayand RussiaAnd Kazakhstan I have taken steps to deal with the rise in illegal mining operations as well.

At the same time, like areas like Bhutanand HollandAnd Uzbekistan Try to explore environmentally friendly encryption mining options.