Lately, U.Ok police adopted up a rewiring tip-off, anticipating to bust a cannabis farm, solely to find an unlawful Bitcoin mining operation.
Globally, cryptocurrency is mostly permissible underneath the legislation, whereas hashish is just not. As such, it is smart that criminals are more and more turning to Bitcoin mining over hashish. Nevertheless, this does little to assist Bitcoin’s already doubtful popularity.
Bitcoin is the brand new weed
The joint investigation was performed between February and April this 12 months by Malaysian police and the native vitality agency Sarawak Power Berhad (SEB).
Miri’s Assistant Commissioner of Police, Hakemal Hawari, mentioned eight people had been arrested for his or her function in utilizing stolen electrical energy to mine Bitcoin throughout this era.
“A complete of six individuals have been efficiently charged underneath Part 379 of the Penal Code for electrical energy theft and have been fined as much as RM8,000 and jailed for as much as eight months,” he mentioned.
Hawari additionally mentioned SEB had misplaced nearly $2 million on account of the electrical energy theft. He added the drain on the electrical energy provide ensuing from the operation had induced frequent blackouts within the space.
“The electrical energy theft for mining bitcoin actions has induced frequent energy outages and in 2021, three homes had been razed resulting from unlawful electrical energy provide connections.”
Possession of 200 grams of hashish in Malaysia is deemed drug trafficking and carries a compulsory death penalty. Being caught with 50 grams or much less will flip up a jail sentence of as much as 10 years.
Taking this into consideration, the chance of being caught illegally mining Bitcoin makes a extra acceptable proposition in comparison with getting caught rising hashish, at the least in Malaysia.
Malaysian police present no mercy
In a reasonably uncommon method to legislation enforcement, Miri police determined to destroy the seized Bitcoin miners by means of steamroller. What’s extra, the occasion was filmed and uploaded to YouTube, attracting over 330,000 views up to now.
The crushing passed off within the car parking zone of the Miri district police headquarters. Reports point out the police collected the rigs over the course of six separate raids.
Neither the native press nor the police gave touch upon the severity, and arguably the wastefulness, of the crushing. However some believe it was about sending a message to others doing, or pondering of doing, the identical.
All the identical, with the lure of “straightforward cash,” and the comparatively lenient punishment for being caught, unlawful Bitcoin mining gained’t be going away anytime quickly.
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