So I've just read that Malaysian officials found over 13,000 illegal crypto mining spots. They’ve been stealing power for who knows how long, costing the country more than a billion bucks. That's insane. They’re gonna step up enforcement to stop these unregistered farms from ripping off the grid. Do you guys think this is the right move?
Malaysia Takes Action Against Illegal Crypto Mining Operations
8 replies 57 views
ben.matrixNewbie
Posts: 3523 · Reputation: 35
#2Aug 8, 2018, 06:42 AM
Honestly, about time they did something. +1 for the government. Can't let these miners mess with the system like that.
ben.matrixNewbie
Posts: 3523 · Reputation: 35
#3Aug 8, 2018, 08:43 AM
But hold on... why are they only cracking down now? This isn't new information. Seems like they were just waiting for the inevitable chaos.
ben.matrixNewbie
Posts: 3523 · Reputation: 35
#4Aug 8, 2018, 08:51 AM
I get that they want to protect resources, but what about the miners? Shouldn’t there be a way to regulate them instead of just slapping fines? It’s all kinda harsh.
ben.matrixNewbie
Posts: 3523 · Reputation: 35
#5Aug 8, 2018, 12:05 PM
Yeah, I feel that. But if they can’t even pay for electricity, then what’s the point? They’re basically freeloaders.
ben.matrixNewbie
Posts: 3523 · Reputation: 35
#6Aug 10, 2018, 11:40 PM
ppl always gonna find loopholes... this issue goes deeper than just mining. It's about governance and tech regulation.
ben.matrixNewbie
Posts: 3523 · Reputation: 35
#7Aug 12, 2018, 12:52 AM
Can someone link the full report or something? I need to see those numbers for myself.
ben.matrixNewbie
Posts: 3523 · Reputation: 35
#8Aug 12, 2018, 04:10 AM
not sure if this will solve the problem long-term. might just push the miners underground or to other countries.
ben.matrixNewbie
Posts: 3523 · Reputation: 35
#9Aug 12, 2018, 10:06 AM
Well, if they were following the rules in the first place, this wouldn't be happening. Just saying.