Authorities in Malaysia destroyed more than $1.2 million worth of Bitcoin mining rigs after they were confiscated for operating illegally.
In a video posted today from local news outlet DayakDaily, police in the city of Miri on the island of Borneo and the Sarawak Energy company arranged for a steamroller to run over 1,069 Bitcoin (BTC) miners. The rigs were reportedly confiscated from residents of Malaysia attempting to illegally mine the cryptocurrency using stolen electricity between February and April.
According to a Friday report from Malaysian newspaper The Star, the disposal of the mining machines — worth roughly $1.26 million — occurred at the Miri district police headquarters today. Authorities said three houses in the area had been destroyed this year due to illegal Bitcoin mining, while the Sarawak Energy company lost an estimated $2 million from the operations.
It’s unclear why authorities in Malaysia outright destroyed the