Viral Video Shows Malaysian Police Destroying 1,069 Bitcoin Mining Rigs With a Steamroller (cnbc.com) 88
Malaysian authorities seized 1,069 bitcoin mining rigs, laid them out in a parking lot at police headquarters, and used a steamroller to crush them, as part of a joint operation between law enforcement in the city of Miri and electric utility Sarawak Energy. CNBC reports: Assistant Commissioner of Police Hakemal Hawari told CNBC the crackdown came after miners allegedly stole $2 million worth of electricity siphoned from Sarawak Energy power lines. A video of the event posted last week by local Sarawak news outlet Dayak Daily has since gone viral on social media.
Acting on a tip, authorities on the island of Borneo confiscated the rigs in six separate raids between February and April. In total, police destroyed about $1.26 million of mining equipment. Police opted to crush the mining gear rather than sell it, in accordance with a court order. Other countries, like China, have taken a different route, reportedly auctioning off seized rigs. Hawari said that electricity theft by bitcoin miners led to three houses burning down in the city. The Miri police chief told CNBC that there are no other active mining operations underway currently. The report notes that crypto mining is not illegal in Malaysia, although "there are stringent laws around power use."
"The Cambridge Center for Alternative Finance estimates that Malaysia accounts for 3.44% of all the world's bitcoin miners, placing it in the top ten mining destinations on the planet."
Acting on a tip, authorities on the island of Borneo confiscated the rigs in six separate raids between February and April. In total, police destroyed about $1.26 million of mining equipment. Police opted to crush the mining gear rather than sell it, in accordance with a court order. Other countries, like China, have taken a different route, reportedly auctioning off seized rigs. Hawari said that electricity theft by bitcoin miners led to three houses burning down in the city. The Miri police chief told CNBC that there are no other active mining operations underway currently. The report notes that crypto mining is not illegal in Malaysia, although "there are stringent laws around power use."
"The Cambridge Center for Alternative Finance estimates that Malaysia accounts for 3.44% of all the world's bitcoin miners, placing it in the top ten mining destinations on the planet."
Logic (Score:5, Informative)
Logic would be to sell off the equipment to repay the stolen electricity, but hey.
Re:Logic (Score:4, Funny)
Works for guns when compensating victims.
These appear to be ASICs (Score:2, Interesting)
This is one of the major problems with BTC and Crypto. Mountains of custom hardware is being built for them and it's all going to end up in landfills polluting ground water.
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If they were nVidia-based though, it's suspicious that this video made the rounds the day before their 4-for-1 split ... hmmm ....
An ASIC isn't general purpose hardware (Score:2)
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Why are you so much of a neophyte?
Open motherboard box.
Place motherboard on top of motherboard box.
Slot in ram.
Slot in cpu. Mount the stock heatsink and fan that came with the cpu.
Open the power supply box.
Place power supply on top of power supply box.
Connect the motherboard and cpu fan to the power supply.
Open video card box.
Slot in video card.
Connect video card to power supply.
Connect pre-imaged hard drive. Short pins X with
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It's your standard BTC mining rig ASIC. They only do one thing and one thing only - calculate SHA hashes really quickly
They look like an Antminer variant, but they all are starting to look like the same. They are a squarish box with a 120mm f
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In a gold rush, sell shovels
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Even if the ASICs were worthless I hope they removed the PSUs and other re-usable parts.
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That has got nothing on the energy being pissed away on an insane belief. The pollution to serve capitalism as a religion totally insane. Humanity needs to take a real hard look at it's psychopathic self to see how truly insane imaginary currency mining is.
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All currency is imaginary. A $1 bill is just a piece of paper with green ink on it. The only reason it's worth $1 is because the government says it is. Currency and money in general is just a made-up concept that everyone just seems to accept
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A $1 bill is just a piece of paper with green ink on it. The only reason it's worth $1 is because the government says it is.
But even if the bill was worthless, the paper could be used for other things.
If a coin somehow lost value, the metal the coin is made of could be melted down and used to make other things.
If a virtual currency loses value, there is nothing that can be used for other purposes.
Therefore, virtual currency is less valuable than other currencies.
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buy the equipment back, set it up and start stealing more electricity
They could, you know, pay for the electricity. Particularly if they can afford to buy the same equipment twice.
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It depends on the goal. If the goal is to help the victim then sure but if the goal is to intimidate would-be bitcoin miners then this works better.
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I think the mob refined this to a science.
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Not as well as just throwing the thieves in jail.
They can also sell the equipment and trace where it ends up, then bag even more thieves.
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I believe the point here is to avoid there being thieves in the first place.
Re: Logic (Score:1)
Re: Logic ad Malaysian (Score:3)
I think that's close to the logic being implemented by the Malaysians, and I don't pretend to understand them, but there's not too many places in the world you'd be worse off running afoul of the law.
Malaysians still cane criminals and school children, and westerners that have run afoul of their especially severe drug laws are surprised by the severity of the punishments.
"Malaysia's Dangerous Drugs Act of 1952 makes the death penalty mandatory for drug trafficking. Many of the persons on death row, however, have claimed they were coerced or manipulated into bringing small amounts of drugs into Malaysia."
Oh, and you certainly wouldn't want to caught living an alternative lifestyle there, either.
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living an alternative lifestyle
I’ve always hated that term. Living off the grid, eating squirrels and wearing a tinfoil hat is an alternative lifestyle. Being lesbian, bi, or gay, is being lesbian, bi, or gay.
Yeah, it’s pedantic, but I’m sure there’s some terminology misuse that grinds *your* gears too, such as calling records “vinyls”, or referring to the case of a PC as the “CPU”.
And while I’m being pedantic over misused terminology, it’s not a fucking steamroller: it’
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And while I’m being pedantic over misused terminology, it’s not a fucking steamroller: it’s called a “road roller”.
... or just a roller, does not have to be a road that it rolls.
I was disappointed to follow the link and discover the bait and switch: no steam, no steam at all. Just another "diseasel".
Re: Logic ad Malaysian (Score:2)
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I get that there are advantages and disadvantages to every type of government. I do. During a pandemic when you need to get the populace to respect the scientifically best outcome (much like keeping the streets free of litter), a totalitarian regime that manages its citizens by the edict of fear creates better results than the democracy or republic that at least pretends to entertain the idea everyone's vote, and thus opinion, matter.
Affording everyone the cloak of competency by allowing a universal vote is
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I wonder how, a foreigner, is able to identify a secret police especially when their identities are supposed to be secret.
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Re: Logic (Score:1)
Logic would say donâ(TM)t spend $1m on used miners. Logic would also state if you need to buy used rigs you might not be able to pay for the electricity costs in the long run.
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Logic would also state if you need to buy used rigs you might not be able to pay for the electricity costs in the long run.
Mine, sell, pay for electricity, keep profits.
I would also think that getting the same hardware cheaper is a good idea to increase profits.
So they could waste even MORE electricity... (Score:2)
Comment removed (Score:4, Funny)
Alternate Approach (Score:1)
Logic would be to sell off the equipment to repay the stolen electricity, but hey.
That would be logical, but maybe the plan was to buy Bitcoin, publicly destroy a bunch of mining rigs and hope Bitcoin went up as a result?
I mean, since they were bad at logic it follows they might be equally bad at math and finance.
Re: Oh, my! (Score:3, Informative)
With the current arms race BTC is only effectively mined using custom ASICs. An operation like the one in TFA would not have a GPU anywhere.
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You obviously don't realise that GPUs ....
IMHO, there are a bunch of other things that GP doesn't realize.
a What roller? (Score:2)
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What's wrong with: I, we, us, they, them, it.
Re:a What roller? (Score:4, Funny)
Squash them with a nuclear roller.
Re: a What roller? (Score:4, Funny)
Re:a What roller? (Score:4, Insightful)
We have had internal combustion engines for over 100 years now. How come we don't have a better more modern word for SteamRoller?
For the exact same reason that the save icon is still a floppy disk.
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You prompted me to look it up. Apparently they are called rollers, drum rollers, or asphalt rollers. Or even vibrating double drum rollers.
Steam roller still leaves no doubt about what they mean.
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Steam is hard to roll. :-p
Re:a What roller? (Score:4, Funny)
Steam is hard to roll. :-p
It's even harder to keep it lit.
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"dial a number" on your button handset or smart phone and complain, or use one of the two kinds of personal computers, Mac or "PC", while eating from a "tin can" made of steel and watching a youtube "channel"
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"Steam" doesn't refer to the method of propulsion, but rather the heating of the roller to melt and consolidate the surface.
If you're talking about modern asphalt rollers, you see steam because small amounts of water spray onto the drums from a water tank on the roller. The water keeps hot mix asphalt from sticking to the drum. Steam is visible because most of the water that contacts the hot asphalt "mat" is relatively quickly converted into steam by the heat of the hot mix. Asphalt rollers do not have heated drums. The surface of hot mix asphalt is not melted by the roller. The roller compacts. The roller does not melt.
Nah (Score:3)
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Heroin is illegal almost everywhere, bitcoin mining is not.
People waste power on all kinds of things.
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Are you aware of any country where drugs such as heroin are legal?
Bitcoin mining is also not illegal in malaysia and neither is possession of bitcoin mining equipment, the crime these people committed was stealing electricity so your analogy doesn't really fit.
A closer one would be the DEA selling cars that were seized from drug dealers.
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Sure, you could sell them to people in another country, but that's a little like the DEA doing a drug bust and then selling all the Heroin to someone in Britain, to recover the street value of the drugs.
So, more like the CIA than the DEA then?
(Or like police officers, who have been caught stealing and selling "evidence" again and again)
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No, police don't have time and resources to play mom & pop ebay shop. Those rigs have no other purpose than to waste resources for a gambling token anyway. Why move the disease somewhere else.
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yeah it's why these smart police AREN'T doing that, takes time and resources away from police too managing inventory, auctioner and shipping to them is still playing mom & pop auction shop.
How many full time equivalents of cop time should be wasted on this bullshit? the answer is zero, get bulldozer dude and scrapper for a short time and problem solved. Smart.
Product placement (Score:1)
At least the police used a HAMM brand steamroller!
bleh, move on, it wasn't an even 1024 of them (Score:3)
Noooo!!! (Score:1)
My RTX 3090s!
Bitcoin mining sustainability (Score:2)
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If bitcion mining is so profitable, why are people stealing electricity to do it?
Mining is profitable.
Mining without paying bills is even more profitable.
Mining fucks over everyone else, so miners have already proven they're willing to fuck everyone else over. Why should you be surprised that they're willing to steal services in the process?
I wander ... (Score:3)
... how many supercomputers Malaysian Universities have - I guess too many, that they destroy this hardware.
Re:I wonder ... (Score:2)
Should be "wonder" - sorry.
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they're steam rolling your property next (Score:2)
Move to somewhere that doesn't resent you from doing innocent stuff like this.
Stylish (Score:2)
Whatever else you say, I have to give them mad style points for using the steamroller! Brought out a chuckle!
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