Baoshan authorities have reportedly ordered electricity producers to stop supplying power to some block reward miners from the city.
Iran’s Thermal Power Plant Holding Company it will be offering power to block reward miners from three of its power plants.
Tenaga Nasional Berhad, Malaysia’s national power company, raided the miners’ premises in the southern state of Johor, local newspaper The Star reports. In the raid, conducted jointly with the state police and the Energy Commission, the authorities found that the miners had made illegal power connections that bypassed the meter, allowing them to access the power for free.
The power company had incurred RM80,000 ($19,300) in losses per month from the installation, the Energy Commission’s regional director Nazlin Sadikhi told the newspaper. In one of the premises, the miners had been running 100 mining rigs for three years nonstop, she claimed. In the second, 48 rigs had been running for around two years.
Despite the extensive mining activities, the two premises had only been paying between $7 and $14 a month for power costs.
The culprits are looking at 10 years in jail, a RM 1 million ($240,000) fine, or both.
Sadikhi cautioned property owners to be on the lookout for such illegal activities on their properties and to report immediately any suspicious activities. She said, “In most cases, the owners of the premises were in cahoots with the cryptocurrency mining operators. They have similar operation methods where they have illegal wiring installed to the mining machines to illegally draw electricity supply.”
Illegal power connections by block reward miners have spiked in the past three years in Malaysia. According to the national power company, 90 premises have been raided this year, bringing the total to 288 raids since 2018. There have also been 50 raids conducted by Serawak Energy Berhad, a regional power company, in the past two years.
As CoinGeek reported, authorities arrested five block reward miners in August in connect with yet another instance of power theft. The culprits had reportedly stolen $59,000 worth of electricity every month to power their equipment." title="2 block reward miners arrested in Malaysia over $600K electricity theft" />
Power theft in Malaysia by alleged block reward miners continues to be a big challenge for the country’s authorities.
Authorities said the monthly electricity bill for the locations came to just above $200 despite the block reward mining operations.
Teams solely interested in garnering a share of the reward subsidy are finding high profits more elusive due to the increasingly thinner profit margins.
Centbee launched a new feature in its BitcoinSV wallet today that allows you to purchase prepaid electricity, airtime and data.
Illegal block reward mining operations in Russia have reportedly stolen more than $6.6 million worth of electricity from energy producers.
A lawsuit to stop a utility company in Washington State from charging miners more for electricity falls flat.
Police in the city of Tangshan, Hebei, seized 6,890 cryptocurrency mining machines illegally consuming electricity.
The company, which allegedly installed crypto mining equipment in one of Armenia’s hydropower plants without permits, was reported to have used over 1.5 million kWh, worth $150,000.
In a win-win deal, Quebec will now offer guaranteed power and rates to crypto miners, so long as they have a business plan that benefits the province.