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The seized rigs, worth over $1,000,000, had been hacked into the country's power grid and stole over $2,000,000 worth of electricity. And had caused three house fires.
No estimate as to how many bitcoins they had mined. I hope the police had been able to seize said bitcoins or whatever cryptocurrency they were generating.
So the police laid them out in the parking lot, brought in a steamroller, and crushed them to smithereens!
For the most part, these are not normal computers. These use ASICs, application-specific integrated circuits that are specifically programmed to perform the calculations specific to mining bitcoins. I'll explain more about bitcoins and what mining means another day.
https://www.cnbc.com/2021/07/19/malaysian-police-steamroll-1point25-million-worth-of-bitcoin-mining-rigs.html
Now, here's the bad part.
China has outlawed bitcoin mining. Guess where the large-scale bitcoin mining operations are fleeing to?
The U.S.A.
We're the country with the next-cheapest electricity in the world. So expect over the next couple of years to see more stories of illegal power grid taps and warehouses of mining rigs being discovered.
No estimate as to how many bitcoins they had mined. I hope the police had been able to seize said bitcoins or whatever cryptocurrency they were generating.
So the police laid them out in the parking lot, brought in a steamroller, and crushed them to smithereens!
For the most part, these are not normal computers. These use ASICs, application-specific integrated circuits that are specifically programmed to perform the calculations specific to mining bitcoins. I'll explain more about bitcoins and what mining means another day.
https://www.cnbc.com/2021/07/19/malaysian-police-steamroll-1point25-million-worth-of-bitcoin-mining-rigs.html
Now, here's the bad part.
China has outlawed bitcoin mining. Guess where the large-scale bitcoin mining operations are fleeing to?
The U.S.A.
We're the country with the next-cheapest electricity in the world. So expect over the next couple of years to see more stories of illegal power grid taps and warehouses of mining rigs being discovered.
