Beware of illegal cryptocurrency mining operations

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IPOH: Premises suspected to be operating illegal cryptocurrency mining operations and stealing electrical energy ought to be reported to the police, says Perak police chief Comm Datuk Mior Wahid Faridalathrash.

These mining operations may normally be recognized by the exhaust fan put in on the again of the constructing, he stated.

“It is part of the cooling system for their mining machines,” he added.

The police held two joint operations over the previous week in Manjung on premises discovered to be stealing electrical energy and operating illegal cryptocurrency mining actions.

A Malaysian man was arrested final Wednesday with tools price RM3.5mil being seized, whereas a second operation noticed tools price about RM1.6mil being seized.

Police checked 122 premises with 46 of them discovered to be operating these mining actions.

Comm Mior Faridalathrash stated cryptocurrency mining operations would sometimes happen in densely-populated areas or close to industrial zones the place electrical energy consumption was excessive, to hide their exercise.

“If they operate in areas that do not have a lot of activity, it would alert Tenaga Nasional Bhd (TNB).

“TNB is able to detect such operations if there is abnormally high usage of electricity,” he advised reporters yesterday after attending the state police contingent’s month-to-month gathering on the Police Air Wing unit coaching base right here.

Comm Mior Faridalathrash stated constructing homeowners renting out their premises ought to be conscious of their tenants’ actions to make sure no regulation was being damaged.

“We are working closely with TNB to curtail these operations that are stealing electricity and disrupting other users,” he stated.

Separately, Comm Mior Faridalathrash stated that state police had collected about RM18mil in visitors summonses when low cost was provided final month.

He stated this included RM16mil that was paid throughout the 80% low cost marketing campaign from Dec 9-30.

The low cost was provided along with the “Aspirasi Keluarga Malaysia” occasion.



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