Crypto Crushed! Flashback to when Malaysia destroyed 1000 Bitcoin mining rigs with a steamroller

Updated : Nov 26, 2021 12:33
|
Editorji News Desk

As cryptocurrency concerns take centre stage, netizens were reminded of a time in July when cryptos were literally crushed in Malaysia with the police ordering a steamroller to destroy over 1000 Bitcoin mining rigs. A video of the event posted by local Sarawak news outlet Dayak Daily had gone viral on social media.  

Also watch| Crypto, the climate criminal: Shocking facts of global energy usage

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. In total, police destroyed about $1.26 million of mining equipment. While mining for crypto is not illegal in Malaysia, the country has strict norms on power usage for the same. 



cryptocurrencyBitcoinClimate change

Recommended For You

editorji | Business

How much does a ULIP plan really cost? A break-down of all charges

editorji | Business

Centre plans to borrow Rs 8.20 lakh cr from market in first half of FY27

editorji | Business

Reliance denies buying Iranian oil amid US sanctions waiver

editorji | Business

Premium petrol price up Rs 2, industrial diesel up Rs 22; no change in normal petrol, diesel rates

editorji | Business

India's GDP expected to register over 8 pc growth in Sep-Dec: Report