Malaysian authorities have intensified operations against illegal Bitcoin mining, which has caused billions of dollars in losses due to electricity theft. According to foreign sources, this issue has severely impacted the country’s energy sector, prompting the government to implement stringent measures to eliminate it. Malaysian officials are employing a combination of advanced technology and traditional methods, using drones to detect unusual heat sources and handheld sensors to monitor unauthorized electricity usage. Investigations are also being conducted based on local complaints about abnormal noise, with some illegal miners reportedly using natural bird sounds to mask the noise of mining equipment. This campaign has turned into a cat-and-mouse game, with raids on shops and vacant properties aimed at dismantling these illicit operations. The Malaysian government plans to further tighten regulations to curb this growing problem. Bitcoin mining involves solving complex mathematical problems to generate new Bitcoins, a process that consumes significant electricity, leading to attempts in many countries to obtain power through illegal and unstable sources. In Malaysia, illegal mining not only results in electricity theft but also contributes to environmental issues. Authorities believe that this crackdown will reduce power theft and curb the production of illegal cryptocurrencies, benefiting the economy. More stringent actions are expected in the coming months to completely eradicate these activities.
Source: binance
