header banner
Default

Crypto Miners with Stolen Power in Borneo Closed


Table of Contents

    In a recent crackdown, authorities in Miri, Borneo, shut down an illegal cryptocurrency mining operation, acting on a tip-off from the public. Sarawak Energy discovered the operation, which involved 34 mining servers using stolen electricity through cable tapping. 

    All the equipment, including servers and cables, was seized, and local police are investigating further, as per the local news channel.

    The operation was estimated to consume about $1300 worth of stolen electricity every month. This incident follows another earlier this year, where 137 mining servers were seized in Senadin, a town in the same state as Miri.

    In 2023, the Bitcoin mining network reached all-time highs in hash rate and network difficulty, making it more resilient but creating challenges for smaller operators. 

    Illegal mining operators steal electricity to eliminate running costs and increase profits, especially when they don’t have the advantages of larger, economically-scaled operations.

    Also Read: Kyrgyzstan’s $20M Hydropower Crypto Mining Facility

    This surge in illegal activities poses a concern for the authorities and the utility company, despite offering some of the lowest energy prices in Malaysia. It also highlights the need for stronger measures to deter such activities in the future.

    Shivraj Swami is a talented content writer with a strong passion for two diverse fields: the crypto industry and cricket. With an insatiable curiosity, he has immersed himself in the intricacies of these domains, gaining extensive knowledge and expertise.

    Sources


    Article information

    Author: Gail Mccarthy

    Last Updated: 1704275522

    Views: 1668

    Rating: 4.5 / 5 (105 voted)

    Reviews: 82% of readers found this page helpful

    Author information

    Name: Gail Mccarthy

    Birthday: 2018-10-20

    Address: 1998 Johnson Mission, West Stephaniehaven, FL 38388

    Phone: +4545352399107344

    Job: Article Writer

    Hobby: Woodworking, Bird Watching, Traveling, Archery, Painting, Chocolate Making, Chess

    Introduction: My name is Gail Mccarthy, I am a receptive, Gifted, dazzling, variegated, frank, fearless, Colorful person who loves writing and wants to share my knowledge and understanding with you.