Malaysia is intensifying efforts to combat the rising incidents of electricity theft, uncovering 14,000 illegal cryptocurrency mining operations over the past five years. The government has formed a specialized task force that uses drones and advanced sensors to detect and apprehend offenders, focusing particularly on Bitcoin miners who have caused losses amounting to billions of dollars by using electricity unlawfully. Cryptocurrency mining involves solving complex mathematical problems using computers, which requires substantial electricity consumption. Illegal mining activities in Malaysia have strained the power grid and resulted in significant financial damage to the country. To address this, authorities are leveraging modern technology to promptly identify illicit operations and regulate electricity usage. This is not unique to Malaysia, as many countries worldwide have accused crypto miners of electricity theft to secure cheaper power for their operations. Malaysia aims to completely eradicate this illegal practice to protect its energy infrastructure and ensure proper resource utilization. Officials have warned that continued illegal mining will lead to strict legal actions, including shutting down mining farms. Additionally, the government is enhancing monitoring of electricity supply and pricing to prevent such incidents. These measures reflect Malaysia’s commitment to safeguarding its energy systems while balancing the legal aspects of cryptocurrency mining.
Source: decrypt
