Topic: Police Destroy 1,069 Bitcoin Miners With Steamroller In Malaysia - page 3. (Read 623 times)
The government will always try to curb such mining related activities and give electricity consumption and carbon footprint excuses ignoring how much energy the other sector uses despite of their output is not what btc is delivering to the people.But what Malaysia government has done actually is to showcase miners that if you indulge in any sort of crypto fraud and electricity theft you would be charged and machinery would be destroyed and it seems to be practical somehow because they have not banned mining or btc trading but only caught the miners who were consuming electricity without payment.So they get punished under this act as miners are earning from rewards so they should not make such tricks to make money and enjoy freedom of mining.
Kind of a waste tbh.
~
~
Same as with the dozens of lamborghinis and ferraris and ducatis that were bulldozered in the Philippines last year. Was able to enter the country illegally without proper taxation. So these smuggled goods, instead of being sold to the highest bidder in an auction, it was instead destroyed as an example to those who will attempt to smuggle good in the country without following the proper process. Same as with the rigs stealing electricity. It is a wrong doing so it should not be shown as a political act but as a criminal act.
While it may be a stronger message if they destroy the goods publicly (and the information may go viral), I also agree that's a waste (especially with the chip shortage lately) and they could have monetized them (e.g. sell them) to recover some of the "damage" caused by those who were stealing.
Kind of a waste tbh. They could've used it themselves or something instead of just, well, doing this. It's an absolute waste of resources and destroying them brings no benefit to any side. Even if we consider it from a political stance, it doesn't seem like it actually has any result at all? Not to mention that it isn't strictly Bitcoin their blaming but rather the illegal stealing of energy/electricity that the mining rigs no? Simply speaking, it's them enforcing the law.
Still looks quite a waste to me though.
Still looks quite a waste to me though.
Same as with the dozens of lamborghinis and ferraris and ducatis that were bulldozered in the Philippines last year. Was able to enter the country illegally without proper taxation. So these smuggled goods, instead of being sold to the highest bidder in an auction, it was instead destroyed as an example to those who will attempt to smuggle good in the country without following the proper process. Same as with the rigs stealing electricity. It is a wrong doing so it should not be shown as a political act but as a criminal act.
The reason for these operation is that these miners were stealing electricity. But it seems that the enforcement agencies have gone beyond thier call of duty by destroying these mining rigs. I am sure some of the seized mining rigs will end up at the home of some policemen if they know where it needs to be used. But that's everywhere.
In my country, police used to raid DVD centers where pirated DVD used to be created. Majority of these seized DVDs usually ended up with the children of those policemen. Funny but the sad reality of misusing the power.
In my country, police used to raid DVD centers where pirated DVD used to be created. Majority of these seized DVDs usually ended up with the children of those policemen. Funny but the sad reality of misusing the power.
They didn't destroy this machine only they distroy the hope of others of that country.
Hopes of getting rich by stealing?I don't know which country from this video because some country says its from china or some says its from Malaysia.
Read the topic, there is enough info in it to cast aside any doubt.What ever but the government kill our freedom.
Freedom to steal? Never heard of that one! Its really affect soo much on crypto price not Only that some people sell their crypto to buy second hand car or some goods. Because of this type of FUD.
Why should anyone sell their coins because some electric energy thieves were caught? It's just stupid.And about the FUD, where is the uncertainty and doubt in this story? Those are actual facts, so it is more of a FAF!
People in my country are literally stealing electricity in order to mine cryptocurrencies.
I guess that's why some governments are hostile towards cryptocurrency mining and the mining hardware.
I guess that's why some governments are hostile towards cryptocurrency mining and the mining hardware.
It's not just one country, everybody does, it happened even in the UK so If anyone thinks it's a third world country thing no, it's not, the western world has its own cases, the only difference between countries might be in the cause of concern, some would focus on the actual value of the stolen energy and some on the problems caused to the grid.
If somebody starts such an operation in a small village it's going to cause a lot of them, that's close to 1.5 MW of energy added 24/7 even at peak hours, assuming those were s9 and the average household consumption of 935kwh per household in Malaysia that means the farm consumed on average as much as 13 000 houses in the country.
I doubt that. Bitcoin isn't politically significant, that would be a quite useless and noncommittal move. They didn't want to auction the miners, because they could again create the same problem of electrical outages and electricity stealing.
If you look at it, them steamrolling the mining rigs is kind of a stupid thing and was just a distraction to the real problem which is the electricity outages, it's not like the power outages happens just with this rig if the people in power don't fix the grid then the destruction of those rigs would be for naught and nothing more than showing that they don't plan to solve the problem.
If it is stolen from time to time, it can be damaged, but it is a bit wasteful. You still have to obey the law. If the country prohibits mining, you can change to another place to continue, it is not illegal. If you continue to mine in a country that is not allowed by the law, then you will be illegal. The state’s destruction of these mining machines is also a kind of energy loss, but the law has been promulgated and can only be enforced. So everyone should abide by the law.
When i saw this video on twitter and on a telegram channel its truely heart me a lot. They didn't destroy this machine only they distroy the hope of others of that country. Who wants to be a miner or a crypto users. I don't know which country from this video because some country says its from china or some says its from Malaysia. What ever but the government kill our freedom. Its really affect soo much on crypto price not Only that some people sell their crypto to buy second hand car or some goods. Because of this type of FUD. Don't know what happen next.
Quote
Is there a legitimate motive for outright destroying mining units. Rather than auctioning or selling them. Aside from politics?
People in my country are literally stealing electricity in order to mine cryptocurrencies.
I guess that's why some governments are hostile towards cryptocurrency mining and the mining hardware.
It's better to destroy that mining hardware,instead of selling it to people,that might start stealing electricity again and mine crypto.This is the way of thinking of all the government clerks and officials.
Destroying mining equipment isn't a big deal.I hope that the equipment gets recycled,instead of being sent to the trash and contributing to environment pollution.After all,everybody wants crypto mining to be clean and safe.
Makes sense, if anyone going to mine btc genuinely with a fully paid electricity without cutting corners, they will most probably run at loss because of the high electricity cost in some countries, using an illegal means to mine btc is definitely a crime that is punishable by the law, government are at the receiving end with their actions because their electricity usage for mining most be running in thousands or millions depending on the countries currency that are unpaid for for, if they are not ready to own up to their responsibilities as miners i guess they left the government no choice than to be hostile.
I also saw this somewhere and firstly thought that instead of breaking them into pieces, they can just confiscate them and put them into good use. Well, that reasoning of theirs, I can't imagine that it's just all about avoiding being sold and reuse. But the main thing is that the owners of it have been robbing electricity to continue their operations which is against the law everywhere! I think if there's an outage through their electricity consumption, they can also implement what Iran did for imposing a temporary ban for a few months just to sustain and ease the problem of electricity shortage.
Quote
Is there a legitimate motive for outright destroying mining units. Rather than auctioning or selling them. Aside from politics?
People in my country are literally stealing electricity in order to mine cryptocurrencies.
I guess that's why some governments are hostile towards cryptocurrency mining and the mining hardware.
It's better to destroy that mining hardware,instead of selling it to people,that might start stealing electricity again and mine crypto.This is the way of thinking of all the government clerks and officials.
Destroying mining equipment isn't a big deal.I hope that the equipment gets recycled,instead of being sent to the trash and contributing to environment pollution.After all,everybody wants crypto mining to be clean and safe.
I think I saw this already in another thread somewhere,,, happened last week.
This has nothing to do with crypto being banned it is about stealing electricity,,, which is a crime in any country. Like in Iran where this is rampant, government makes a big subsidy for power to people, but if you steal it, then it makes them mad:)
I always think destroying illegal things is stupid though.
Is crypto banned in Malaysia?
If miners doing it illegally and stealing electricity or any illegal activity that against their country just to continue mining, that deserves to be them seizing their mining rigs or mining equipment and being destroyed, I remember this the same case here in my country when there's a backdoor or smuggled cigarette that being seized they destroy them all so that didn't use anymore.
We might do mining without stealing electricity and might we're fine if crypto doesn't ban in our country.
If miners doing it illegally and stealing electricity or any illegal activity that against their country just to continue mining, that deserves to be them seizing their mining rigs or mining equipment and being destroyed, I remember this the same case here in my country when there's a backdoor or smuggled cigarette that being seized they destroy them all so that didn't use anymore.
We might do mining without stealing electricity and might we're fine if crypto doesn't ban in our country.
This has nothing to do with crypto being banned it is about stealing electricity,,, which is a crime in any country. Like in Iran where this is rampant, government makes a big subsidy for power to people, but if you steal it, then it makes them mad:)
I always think destroying illegal things is stupid though.
Confiscated goods are deserve to be destroyed in publicity since if they didn't destroy it many people will said police is a thief and use that goods for himself. Selling or auctioning those confiscated goods is just like a corruption and doesn't looks fair on both side from the police and perpetrator.
Nothing political:
Of course, if there is something bad happening for BTC or there is negative news is definitely fake or FUD. /s
Even the Chinese mining ban was fake and FUD.
I saw this video recently on Twitter and some users claiming it's on China, really FUD and fake news, lol.
Of course, if there is something bad happening for BTC or there is negative news is definitely fake or FUD. /s
Even the Chinese mining ban was fake and FUD.
This is probably not a political statement. This is a very strong statement to those who are involved in such illegal activities.
This show of aggressiveness against Bitcoin miners who are stealing electricity might not even be about Bitcoin itself. This is just a strong message to everyone that in the face of insufficient electricity, stealing it is to be dealt with strongly. Power outages is rampant in the area and one of the reasons is the theft done by Bitcoin miners. The local government needs to issue a strong warning. This is their way.
This show of aggressiveness against Bitcoin miners who are stealing electricity might not even be about Bitcoin itself. This is just a strong message to everyone that in the face of insufficient electricity, stealing it is to be dealt with strongly. Power outages is rampant in the area and one of the reasons is the theft done by Bitcoin miners. The local government needs to issue a strong warning. This is their way.
-snip-
@GreatArkansas has a point, maybe this is really in China and not in Malaysia. And assuming this is Malaysia, maybe those miners are tapping illegal electricity and that's why they have to destroyed it in public. And I don't think the Malaysian government is sending signal that they are anti-bitcoin.
I can confirm that the incident really happened in Malaysia based on the police uniform and badge.@GreatArkansas has a point, maybe this is really in China and not in Malaysia. And assuming this is Malaysia, maybe those miners are tapping illegal electricity and that's why they have to destroyed it in public. And I don't think the Malaysian government is sending signal that they are anti-bitcoin.
Image from different angle.
Uniform comparison: Malaysia >< China
-snip-
They are destroying them in public, so in this case, it was almost the same case, doing publicity.
That is a good warning, a sign that Malaysia is not really banning mining activities as long as miners comply with local regulations. They are destroying them in public, so in this case, it was almost the same case, doing publicity.
Is it fair to say a political statement is being made here? Malaysia is doing this as a gesture of appeasement towards china's hard anti bitcoin stance.
It is what Malaysian government did with miners who theft electricity to mine Bitcoin. Or it is what they do to all Bitcoin miners in the nation? In the quote, I see it is the first one.Quote
Is there a legitimate motive for outright destroying mining units. Rather than auctioning or selling them. Aside from politics?
It is wasteful to destroy like this but I guess the Malaysian governments want to signal that they don't tolerate for stealing electricty to mine Bitcoin.Quote
Initially, china banned crypto mining. Many miners relocated their equipment to other countries, or sold them online. The evolution of this process is malaysia now destroying mining units to prevent them from being relocated or sold.
It is good if other nations won't ban Bitcoin mining as same as China.https://cbeci.org/mining_map
What will happen in China? Ban, crackdown mining. So how about ASIC manufacturing there? Will they ban this industry too?
Internet used to be banned in the past, then now every nation allows it. Some dictatorships like China, North Korea have local restrictions but Internet is everywhere.
https://twitter.com/Davincij15/status/1416384616265564164
Is crypto banned in Malaysia?
If miners doing it illegally and stealing electricity or any illegal activity that against their country just to continue mining, that deserves to be them seizing their mining rigs or mining equipment and being destroyed, I remember this the same case here in my country when there's a backdoor or smuggled cigarette that being seized they destroy them all so that didn't use anymore.
We might do mining without stealing electricity and might we're fine if crypto doesn't ban in our country.
If miners doing it illegally and stealing electricity or any illegal activity that against their country just to continue mining, that deserves to be them seizing their mining rigs or mining equipment and being destroyed, I remember this the same case here in my country when there's a backdoor or smuggled cigarette that being seized they destroy them all so that didn't use anymore.
We might do mining without stealing electricity and might we're fine if crypto doesn't ban in our country.
Pretty much this. While it doesn't make that much sense to literally destroy the miners when they can just auction it off for money for important purposes, I guess they're doing this just to send a message to all the illegal miners out there.
As expected though, since a lot of people really don't read articles, they will think that this is Malaysia banning Bitcoin LOL.
Quote
Is there a legitimate motive for outright destroying mining units. Rather than auctioning or selling them. Aside from politics?
The answer to your question was in the article
Quote
mining Bitcoin activities has caused frequent power outages,
PoW is a technical dead end, as it is designed as a winner take all system that uses up all available energy.
* Note the increased energy used does nothing to increase performance only supposed security, which is also false,
since bitcoin security is really the 4 mining pool operators that agree not to collude and doublespend, so energy used is irrelevant. *
China Permanently banned Bitcoin mining because of PoW threat to their power grid,
Iran has temporary banned bitcoin mining because of PoW threat to their power grid, expect this to become permanent within a year.
At the end of the day the destruction of a power grid is becoming a greater risk than any sane person will accept.
Which is why you see videos like above as they want it known, no PoW miners should ever try mining their again.
Bitcoin users have no one to blame except the bitcoin developers who have ignored this energy wasting issue since 2013.
The current PoW ASIC energy sucking system will be banned by all governments in time,
so that mean bitcoin either gets banned with it or finally goes to a new design.
As far as Asian politics go, I don't think that Malaysia did this to appeased China.
Remember that Malaysia is one country that has territorial claims in the South China Sea, and recently they have summoned China's ambassador after they violated Malaysia's airspace.
https://www.bbc.com/news/world-asia-57328868
@GreatArkansas has a point, maybe this is really in China and not in Malaysia. And assuming this is Malaysia, maybe those miners are tapping illegal electricity and that's why they have to destroyed it in public. And I don't think the Malaysian government is sending signal that they are anti-bitcoin.
Remember that Malaysia is one country that has territorial claims in the South China Sea, and recently they have summoned China's ambassador after they violated Malaysia's airspace.
Quote
Malaysia says it is to summon China's ambassador after 16 Chinese military aircraft flew over disputed waters off its eastern state of Sarawak.
Fighter jets were scrambled to intercept the transport planes on Monday after detecting "suspicious" activity over the South China Sea.
Malaysia's foreign ministry described the manoeuvre as a "serious threat to national sovereignty".
China, however, said its aircraft had abided by international law.
Malaysia, the Philippines, Brunei, Taiwan and Vietnam all contest China's claim to almost all of the South China Sea. The row has rumbled on for decades but tensions have increased in recent years.
Beijing continues to claim an area known as the "nine-dash line" and has backed its claim with island-building and patrols, expanding its military presence while maintaining that its intentions are peaceful.
Fighter jets were scrambled to intercept the transport planes on Monday after detecting "suspicious" activity over the South China Sea.
Malaysia's foreign ministry described the manoeuvre as a "serious threat to national sovereignty".
China, however, said its aircraft had abided by international law.
Malaysia, the Philippines, Brunei, Taiwan and Vietnam all contest China's claim to almost all of the South China Sea. The row has rumbled on for decades but tensions have increased in recent years.
Beijing continues to claim an area known as the "nine-dash line" and has backed its claim with island-building and patrols, expanding its military presence while maintaining that its intentions are peaceful.
https://www.bbc.com/news/world-asia-57328868
@GreatArkansas has a point, maybe this is really in China and not in Malaysia. And assuming this is Malaysia, maybe those miners are tapping illegal electricity and that's why they have to destroyed it in public. And I don't think the Malaysian government is sending signal that they are anti-bitcoin.
Jump to: