Illegal Bitcoin mining costs Malaysian electricity company over $100m

2024-10-26 20:49

Malaysia’s national electricity provider, Tenaga Nasional Berhad, has reported losses exceeding 440 million ringgit (about $101 million) due to electricity theft linked to illegal Bitcoin mining activities. origin »

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Источник: Cripyo.news

electricity illegal → Результатов: 37

Thailand raids illegal Bitcoin mine after frequent power outages

Thai authorities raided an illegal Bitcoin mining operation in Ratchaburi, a town west of Bangkok, following reports of frequent blackouts over the past month. According to AFP reports, the raid, carried out by the Provincial Electricity Authorities and local police,…

2024-8-26 17:53	Thailand
authorities reports frequent bitcoin illegal according afp

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Thai authorities raid illegal Bitcoin mine behind local power outages

Illegal Bitcoin mining has been a growing problem in Southeast Asia, with operators exploiting the region’s relatively low electricity costs

2024-8-26 16:16
bitcoin illegal operators exploiting southeast asia relatively

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Iran offers $20 to report on shady crypto miners amid ongoing power crisis

Iran has started offering $20 rewards to report illegal crypto miners amid severe power shortages disrupting the country’s electricity grid. Iran is now offering rewards of $20 to the public for reporting illegal crypto mining activities as the country faces…

2024-8-15 13:17	Mining
iran crypto offering country rewards power illegal

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Malaysia lost over $755m due to illegal Bitcoin mining since 2018: report

Malaysia’s largest electricity utility says it lost over $755 million due to illicit Bitcoin mining activities starting from 2018, significantly impacting the country’s energy sector. Tenaga Nasional Berhad (TNB), the largest electricity utility company in Malaysia, lost RM3.4 billion (over…

2024-7-10 13:06	Mining
malaysia lost 2018 utility electricity largest mining

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Argentina Dismantles Illegal Crypto Mining Operation, Arrests 40

The country’s tax collection agency is investigating electricity theft, and seized cash and crypto mining equipment in the raids.

2022-10-22 20:16	Business
mining crypto investigating theft electricity cash raids

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Illegal Miners in Russia Stole $6.6M Worth of Electricity, Power Grid Firm Says

Electricity thieves built their own illicit power stations to connect hidden mining farms with the local energy grid, a state-owned provider says.

2020-6-8 12:00	Energy
grid says power electricity hidden provider connect

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Russian energy company estimates multibillion damage from illegal mining

Rosseti, the largest Russian energy company, claimed damage from illegal mining in the amount of 450 billion rubles within the last three years. 35 cases of theft of electricity for cryptocurrency mining were revealed.

2020-6-4 14:58	News
mining energy russian illegal company damage three

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Russian Bitcoin (BTC) Miners Caught Stealing $200,000 Worth of State Electricity Every Month

Russian police have taken down an illegal mining farm for stealing state electricity

2020-3-28 23:00
state russian stealing electricity down taken illegal

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33 Illegal Bitcoin Mining Farms Are Raided By Malaysian Authorities

No crypto mining is more profitable than the one made with electricity you didn’t pay for. Recently, Malaysian authorities raided the crypto mining farms of people who believed that they would be able to get high profits by stealing electric energy.

2019-8-8 17:20	Legal & Regulation
mining crypto malaysian electric authorities illegal farms

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Malaysian Electricity Authority Nab Illegal Bitcoin Miners

Tenaga Nasional Bhd (TNB), Malaysia’s state-owned electricity company has raided 33 buildings illegally using its energy for bitcoin mining operations that gulped RM3. 2 million (roughly $763k) worth of power whereas they only paid a bill of only RM219 ($52), according to a report by local news source, malaymail August 7, 2019.

2019-8-9 17:00
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China’s Illegal Crypto Mining Crackdown Could Ignite a Bitcoin Price Rally

Besides fat-fingered whales, the other species HODLers should learn to fear are large-scale Bitcoin miners whose electricity cost is zero. The reason? Their break-even point is low enough to depress the fair market value of the Bitcoin price, dashing the asset’s seven-figure ambitions.

2019-7-14 22:30	China
bitcoin price china miners rally could mining

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Iranian Authorities Impound 1,000 Bitcoin Mining Machines

Power officials in Iran have seized 1,000 bitcoin mining machines in two abandoned factories turned into mining farms in the central province of Yazd, Iran. The officials claim the cryptocurrency mining equipment was seized because their operators illegally made use of government-subsidized electricity, according to a Tech2 report on June 28, 2019.

2019-6-29 01:00	Иран
mining bitcoin seized cryptocurrency iran officials machines

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Exploring Illegal Mining Camps in Western China

This article was originally published by 8btc and written by Vincent He. Although China has shut down bitcoin trading platforms and deemed them illegal, its attitude toward bitcoin mining is still ambiguous.

2019-5-31 20:14	Mining
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Germany: Six Arrested in Illegal Crypto Mining Operation

German police have arrested six members of a mining ring who were making use of stolen electricity to mine currency since 2017, as reported by Freie Presse, February 6, 2019. Hijacked Power While people around the world enjoy using cryptocurrency, the actual process of mining crypto is quite tedious and more importantly, expensive, particularly inRead MoreRead More.

2019-2-9 06:00
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$3 Million in Stolen Electricity Leads to $14.5 Million in Crypto Mining Earnings

A Taiwanese Bitcoin miner identified with the last name Yang was recently arrested and charged by authorities for mining 100 million yuan ($14. 5 million) in cryptocurrencies. He used NT$100 million ($3.

2018-12-28 14:29	Mining
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$15 Million In Bitcoin And Ether Allegedly Mined By Electricity Thief

The means were likely illegal, probably unethical, and definitely amusing.

2018-12-28 22:14	World
likely means illegal probably definitely unethical amusing

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Russian Church Docked $15,000 for Illegal Bitcoin Mining

A local utility company in Russia ordered a church to pay higher electricity rates, in line with Russia’s existing legislation. Church Forced to Pay Higher Electricity Tariff An Evangelical Church in Irkutsk, Russia, which carried out illegal Bitcoin mining, has been asked to pay a one million rubles fine, equivalent to $15,000.

2018-10-16 20:50	tariffs
church mining russia bitcoin pay illegal higher

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Another Chinese Region Shuts Down Bitcoin Mining Operations

Cryptocurrency mining has always attracted controversy. This is primarily because so many people only see the negative side in terms of electricity usage. China is slowly ending all ‘unofficial’ domestic Bitcoin mining operations, and the territory of Xinjiang Uyghur is the latest to be affected.

2018-7-27 03:00
mining bitcoin china operations domestic territory slowly

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Keel Infrastructure Shuts US Bitcoin Mining Sites In Shift Toward AI Data Centers

Keel Infrastructure has decommissioned all of its US Bitcoin mining sites as it repurposes those locations for AI and high-performance computing workloads.

Keel exits U.S. Bitcoin mining after $65M loss, shifts to AI

Keel ended all U.S. Bitcoin mining after Q2 revenue fell 50%, sold $75M in BTC and redirected U.S. power sites toward AI data centers.

Bitdeer Q2 Bitcoin output surges 377% as self mining capacity expands

Bitdeer has increased its Bitcoin production nearly fivefold year over year to 2,694 BTC in the second quarter of 2026, while revenue rose 47% as the miner expanded its self-mining capacity. According to Bitdeer Technologies Group’s second-quarter report published Monday,…

With $0 in revenue and 35 idle machines in storage, an inactive Bitcoin miner printed 1.65 billion shares to stay alive

Only 800 million of those shares raised $700,000 in cash as the inactive miner searched for an operating restart. The post With $0 in revenue and 35 idle machines in storage, an inactive Bitcoin miner printed 1.

Almost One in Four Bitcoin Miner Models Now Operating at a Daily Loss

Nearly 23% of major Bitcoin mining units are at daily loss, with shutdown price for top machines at $46,787, pressuring miner economics if BTC dips.

Bitcoin has 185 blocks left before BIP-110 rules begin rejecting blocks

At height 961,632, enforcing nodes reject non-signaling blocks, but Bitcoin does not automatically adopt the proposal. The post Bitcoin has 185 blocks left before BIP-110 rules begin rejecting blocks appeared first on CryptoSlate.

CleanSpark reports $239M quarterly loss as revenue falls 30.5%, misses estimates

CleanSpark has reported a $239 million quarterly loss as revenue fell 30.5% year over year, while its latest AI data center lease has added a long-term revenue stream outside Bitcoin mining. According to CleanSpark’s fiscal third-quarter results published on Thursday,…

2024-10-26 20:49

electricity illegal → Результатов: 37

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