非法挖矿

💡 Bitcoin mine raided in Thailand: The deep battle behind power theft⚡

🌟 A raid by Thai authorities has once again focused on the complex reality behind Bitcoin mining. In Ratchaburi, west of Bangkok, a battle over electricity is taking place.

🏠 Residents' complaints about power outages caught the attention of authorities. A seemingly ordinary house hides a Bitcoin mining farm that consumes huge amounts of electricity. According to the South China Morning Post, miners used the house to quietly mine Bitcoin without paying enough for the electricity used.

🔎 Although no one was arrested during the raid, the transfer of mining equipment and the obstruction of guards hinted at the complexity behind it. At the same time, this is not only a blow to an illegal mine, but also a deterrent to illegal mining in the entire region.

🌐 On the other hand, the increase in illegal mining activities in Southeast Asia has also attracted widespread attention. The $723 million in electricity theft caused by illegal mining between 2018 and 2023, reported by the Malay Mail last month, may be just the tip of the iceberg. However, this raid in Thailand is a strong response to illegal mining in the region.

🇹🇭 At the same time, Thailand's attempts at cryptocurrency regulation show its efforts to find a balance between innovation and risk. But the increase in illegal mining cases has also exposed the difficulties in enforcing regulations. How to effectively regulate and curb illegal mining through technological innovation and legal means has also become an important challenge facing regulators today!

🤔 This is not only a problem for Malaysia and Thailand, but also a global issue. As a member of the community, we should participate in this discussion on energy, technology and law, and work hard to ensure that technological innovation does not become a tool to disrupt market order!

👇 What lessons can we learn from the raid in Thailand? How do you think we can balance the dilemma between innovation and regulation? Please leave your insights in the comments section!

#泰国比特币 #非法挖矿 #电力盗窃

🏠 Fire breaks out in a residential area in Malaysia, illegal Bitcoin mining exposed!

Last Tuesday, an explosion occurred in a house located on Bandar Puncak Alam in Kuala Lumpur, the capital of Malaysia, followed by thick smoke. Local police and firefighters rushed to the scene and discovered illegal Bitcoin mining activities inside the house.

Investigations revealed that the electrical system of the house had been illegally modified to connect to the national power grid, causing a short circuit that led to the fire. The police, in collaboration with the national energy company (TNB), uncovered nine Bitcoin mining machines, nine blowers, and a D-link router at the site. This incident further highlights the serious issue of illegal cryptocurrency mining in Malaysia.

Although mining itself is not illegal in Malaysia, stealing electricity is a serious offense, with penalties of up to 100,000 ringgit (approximately $22,500) or five years in prison.

From 2018 to 2023, Malaysia has lost approximately $723 million due to these illegal mining activities.

In a crackdown operation in October 2022, authorities seized and destroyed over 2,000 uncertified mining devices worth $467,000.

Last August, Malaysian authorities also arrested seven individuals suspected of stealing electricity to mine Bitcoin. Among them, three were locals and four were foreigners, and they had no prior criminal records. Police also confiscated 52 mining devices and some electronics, with a total value of about $57,000.

The Malaysian government is taking this issue seriously; last year, they used a road roller to destroy 985 mining devices that had been confiscated during previous law enforcement operations, with a total value of approximately 1,980,000 ringgit (about $450,000).

This incident also reminds us that while cryptocurrency mining may sound high-tech, it can hide many safety hazards! The situation in Malaysia may just be the tip of the iceberg; we will continue to monitor its developments.

💬 What are your views and suggestions on the safety issues related to cryptocurrency mining? See you in the comments!

#马来西亚 #比特币挖矿 #非法挖矿 #电力危机

🌡️ Iran's power crisis: Anyone who reports illegal mining will be rewarded $20! 🚨
 
🔥 Iran's power crisis is getting worse, with a heat wave hitting, temperatures soaring to nearly 50°C, and the power system shaky. To meet this challenge, the Iranian government has come up with a new trick, offering a $20 reward to citizens who report illegal cryptocurrency mining!

🏛️ Iran is facing a severe power shortage, and state-owned power giant Tavanir has taken action to launch a "power defense war" against illegal cryptocurrency miners. These miners are accused of abusing the country's subsidized electricity, exacerbating the tension in the power supply.

🔍 Tavanir's CEO revealed a shocking fact that the power consumption of illegal mining activities is equivalent to the power consumption of an entire province. This scale of illegal power consumption has not only put a huge pressure on the power grid, but also had a serious impact on people's daily lives and industrial production.
💡️ Looking back at 2021, Iran banned cryptocurrency mining due to concerns about energy consumption, but later lifted the ban due to economic pressure. Now, facing an overburdened power grid, the government has decided to take tough measures to encourage citizens to report illegal mining.

🛡️ The new bounty system aims to incentivize citizens to become the frontline force in the fight against illegal mining, especially those miners who enjoy subsidized electricity in public facilities. So far, more than 230,000 illegal mining equipment have been seized, consuming electricity equivalent to the needs of an entire province.

🤷‍♂️ But critics believe that identifying mining as the main cause of power shortages may oversimplify the problem. Experts point to poor grid management and lack of investment as the root cause.

🛡️ However, there is also a view that blaming all the blame on cryptocurrency mining may ignore other potential factors, such as uneven energy distribution and inefficiency of old infrastructure. Therefore, a more comprehensive perspective is needed to examine and solve the problem of power shortages.

🤔 What do you think of the Iranian government's bounty strategy? Is cryptocurrency mining really to blame for the power crisis? How do we balance technological innovation and energy sustainability? Share your views in the comments!

#伊朗电力危机 #加密货币挖矿 #节能策略  #非法挖矿