Bitcoin mining: in Malaysia they destroy machines

In recent days, a video showing the destruction of many bitcoin mining machines in Malaysia has gone viral 

The video, published by the local Sarawak Dayak Daily, shows the destruction of 1,069 bitcoin mining machines with a total cost of 5.3 million Malaysian ringgits, equal to about 12.5 million dollars, seized by the police of the Miri district between February and April of this year.

Assistant Commissioner of Local Police Hakemal Hawari revealed that the seizure occurred due to a theft of electricity stolen from Sarawak Energy’s lines for a total value of $ 2 million.

However, it is not clear why, instead of destroying the machines, they did not sell them at auction in order to compensate the robbed company, unless they compensated it with other funds. It’s possible that the intent was precisely of a repressive nature, with the aim of preventing other people from using those machines to mine BTC.

According to some estimates, the total current market value of those machines could have been around $ 1.26 million.

Hawari also revealed that the theft of electricity caused fires in three homes, and even this statement appears questionable.

Bitcoin mining in Malaysia

Furthermore , bitcoin mining in Malaysia does not appear to be illegal, although there are strict laws on the use of energy, so much so that even those who tamper with power lines are jailed. For example, eight people were arrested following the Miri district police operation, and now face up to eight months in prison.

However, all this does not seem to justify the court’s decision to destroy the machines at all. For example, even in China, where bitcoin mining is now banned, the seized machines are usually auctioned rather than destroyed.

However, as early as March, local authorities had discovered another miner who had stolen $ 2.2 million worth of electricity from the Tenaga Nasional Berhad electricity company in the city of Melaka. Therefore, the decision to destroy mining machines in a spectacular way, i.e. by crushing them with a steamroller, and filming their destruction so that the video could be broadcast online and go viral, could be part of a real public propaganda campaign. to discourage bitcoin mining in the country.

On the other hand, the video published on YouTube , and then on all the other social networks, was evidently designed to be spectacular and to emotionally affect those who support Bitcoin.

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