{"id":66070,"date":"2023-09-27T13:05:56","date_gmt":"2023-09-27T17:05:56","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/malaysian-state-identifies-illegal-crypto-mining-operations-as-reason-for-recurrent-power-disruption\/"},"modified":"2023-09-27T13:05:58","modified_gmt":"2023-09-27T17:05:58","slug":"malaysian-state-identifies-illegal-crypto-mining-operations-as-reason-for-recurrent-power-disruption","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=66070","title":{"rendered":"Malaysian State Identifies Illegal Crypto Mining Operations as Reason for Recurrent Power Disruption"},"content":{"rendered":"<div>\n<p style=\"text-align:justify;\">The state of Sarawak in Malaysia has been prone to crypto mining rigs, many of which operate illegally.<\/p>\n<p style=\"text-align:justify;\">Sarawak Energy, the state-owned electric utility firm, announced today that it has identified two illegal crypto mining sites, which caused recurrent power disruption in a few areas of the state.<\/p>\n<p style=\"text-align:justify;\">The firm is investigating the mining operators, which has established operations in two residential areas. A police report has been filed, which revealed that illegal cryptocurrency mining in the region caused an overload to the Sarawak Energy lines.<\/p>\n<p style=\"text-align:justify;\">The investigation quickly followed several complaints from locals about power outages in recent times. The report read that the energy-intense activities produced a high electricity load on power lines.<\/p>\n<blockquote>\n<p style=\"text-align:justify;\">\u201cCloser inspection found that direct tapping cables had been illegally connected to two premises which contained 74 units of cryptocurrency mining servers.\u201d<\/p>\n<\/blockquote>\n<p style=\"text-align:justify;\">Following the investigation, Sarawak Energy seized all direct tapping cables, crypto mining gadgets and servers.<\/p>\n<h2 style=\"text-align:justify;\">Risk and Loss<\/h2>\n<p style=\"text-align:justify;\">The Malaysian energy firm further warned the illegal mining operators of legal implications, if found non-compliant with the laws. The unauthorized operations have caused a loss of more than 16,000 Malaysian Ringgit ($3400) in a month to Sarawak Energy.<\/p>\n<blockquote>\n<p style=\"text-align:justify;\">\u201cSarawak Energy experienced losses of more than RM16,000 per month from these two sites due to unrecorded consumption.\u201d<\/p>\n<\/blockquote>\n<p style=\"text-align:justify;\">The company also said that the operations lead to electricity thefts, posing \u201csevere risks\u201d including short circuits, fires, appliance damage, and even loss of life.<\/p>\n<p style=\"text-align:justify;\">\u201cTo tackle this growing issue, Sarawak Energy is working closely with the Ministry of Utility and Telecommunication Sarawak, police and the Malaysian Anti-Corruption Commission (MACC) to improve its methods for detecting new electricity theft techniques,\u201d the report added.<\/p>\n<p style=\"text-align:justify;\">Several such incidents have been reported in the state. In June, a crypto miner was caught stealing electricity to power mining activities in the establishment, located in a town \u2013 Miri.<\/p>\n<p>Sarawak Energy has also warned individuals and business entities not to steal electricity as it can lead to safety hazards for themselves and their neighbors.<\/p>\n<\/p><\/div>\n<p>Read the full article <a href=\"https:\/\/cryptonews.com\/news\/malaysian-state-identifies-illegal-crypto-mining-operations-as-reason-for-recurrent-power-disruption.htm\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The state of Sarawak in Malaysia has been prone to crypto mining rigs, many of which operate illegally. Sarawak Energy, the state-owned electric utility firm, announced today that it has identified two illegal crypto mining sites, which caused recurrent power disruption in a few areas of the state. The firm is investigating the mining operators, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":66071,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[243],"tags":[83],"class_list":["post-66070","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","tag-featured"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Malaysian State Identifies Illegal Crypto Mining Operations as Reason for Recurrent Power Disruption | iFintechWorld<\/title>\n<meta name=\"description\" content=\"The state of Sarawak in Malaysia has been prone to crypto mining rigs, many of which operate illegally.Sarawak Energy, the state-owned electric utility\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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