Acting on a tip, authorities on the island of Borneo confiscated the rigs in six separate raids between February and April. In total, police destroyed about $1.26 million of mining equipment. Police opted to crush the mining gear rather than sell it, in accordance with a court order. Other countries, like China, have taken a different route, reportedly auctioning off seized rigs. Hawari said that electricity theft by bitcoin miners led to three houses burning down in the city. The Miri police chief told CNBC that there are no other active mining operations underway currently. The report notes that crypto mining is not illegal in Malaysia, although “there are stringent laws around power use.”
“The Cambridge Center for Alternative Finance estimates that Malaysia accounts for 3.44% of all the world’s bitcoin miners, placing it in the top ten mining destinations on the planet.”
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