The theft of power in Malaysia has increased by 300 % illegal encryption miners since 2018

The number of electricity theft that was revealed in Malaysia increased by 300 % between 2018 and the end of 2014, mainly due to the increase in illegal encryption mining, the star It was mentioned on Monday.

The cases were discovered in the joint operations that included the benefit of the Tenaga Nasional berd (TNB), the country’s energy and police committee.

The tool said in a statement to the star: “The joint operations and raids worldwide have succeeded in closing the illegal mining settings, which contributed to increasing the discovered cases from 610 in 2018 to 2,397 in 2024.”

The encryption mining is the process of discovering new blocks, verifying transactions and adding them to Blockchain Which supports digital assets. The process, especially for Proofcchains work Like Bitcoin, it is an capacitor, which provides an incentive for two -theft miners, instead of paying, for the electricity they use while harvesting the bonus in the form of new codes to complete the process.

The largest leap occurred in the numbers after 2020. Between 2020 and 2024, the average number of electricity theft of encryption was 2,303 per year. The number of general complaints has also increased due to the increase in awareness of how to report illegal encryption mining.

Exponing mining is not banned in Malaysia, but anyone wandering in electrical installations is subject to a fine of one million Ranget (232,720.50 dollars) and imprisoned up to 10 years.

Coindsk has arrived at Tenaga Nasional Behard to comment.