KUALA LUMPUR, July 10 – Rampant power theft for Cryptocurrency mining, especially Bitcoin
Cost the country a staggering Sh3.4 billion from 2018 to last year, Deputy Energy Transition and Water Transformation Minister Akmal Nasrullah Mohamed Nasir said and highlighted the broader impact of the illegality activities in the rapidly growing digital currency industry revealed that s. The abuse of electricity for Bitcoin mining has not only resulted in huge losses but has also created significant challenges for energy regulation and backup infrastructure.
Electricity theft is committed by cryptocurrency miners because they believe they cannot detect the activity due to the lack of meters on their premises. However, utility companies have ways to detect energy consumption on the road." wrongly over a place," he said
Energy Reform and Water Reform Vice President Akmal Nasrullah Mo. Nasir made the remarks to reporters at an event held in Balakong near Kuala Lumpur today to address seizures related to electricity theft and electrical appliances that do not have Energy Commission safety certificates.
Deputy public prosecutor has ordered disposal of these items in accordance with Sections 406A and 407 of the Code of Criminal Procedure through courts and localities," Deputy Energy Transition and Water Resources Minister Akmal Nasrullahmo.Nasir said of written guidelines Strictly adhered to, electrical materials will be disposed of regularly. This method ensures that the disposal is carried out in an environmentally friendly manner, demonstrating the government’s commitment to environmental standards in the legal proceedings for theft of power.