Malaysian police destroying 1,069 bitcoin mining rigs with a steamroller

[Budi]

https://www.cnbc.com/amp/2021/07/19/malaysian-police-steamroll-1point25-million-worth-of-bitcoin-mining-rigs.html

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.

Assistant Commissioner of Police Hakemal Hawari told CNBC the crypto crackdown came after miners allegedly stole $2 million worth of electricity siphoned from Sarawak Energy power lines.

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Link to tweet

[Warpy]

1. Good. Bitcoin is an environmental disaster

I wonder how many operations those things represent.

[AndyS]

2. Wow! When can we do this with guns in the US? nt

[empedocles]

3. Easy video for me to watch

[Gore1FL]

5. It seems like that processing power could be repurposed rather than smashed. nt

[rampartc]

6. +1

i could use some of that hardware.

[Ferrets are Cool]

10. That was my first thought

[mathematic]

12. It can't. Bitcoin mining uses specifically designed processors

They're called ASIC miners. ASIC stands for application specific integrated circuit. Other types of cryptocurrency use graphics cards to mine but bitcoin has been on bitcoin specific processors since early last decade.

[KY_EnviroGuy]

7. Lordy, at the times I waned to do that to my Windows computer.....

starting somewhere around Windows 3.0.......

Bitcoin needs to be paying huge environmental damage fees every day, as they're producing no products or services to benefit mankind yet burning many gigawatts of power (over 70 terawatt-hours per year) and exhausting huge amounts of heat into our environment.

KY

[Budi]

8. 👍 "..they're producing no products or services to benefit mankind"

"..they're producing no products or services to benefit mankind yet burning many gigawatts of power (over 70 terawatt-hours per year) and exhausting huge amounts of heat into our environment."

They stole $2 million in electricity to only enrich themselves.

This was a well deserved crushing.
I hope they all had to stand by & watch..

[KY_EnviroGuy]

11. Pretty clear message to the miners.....

to get the hell out of Dodge.

I read that China is shutting down all the ones there, too.

KY

[keithbvadu2]

9. Bitcoin mining with heavy eqt but no shovels.

Bitcoin mining with heavy eqt but no shovels.