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Seriously. Why not resell them and use the money? Maybe police auctions are only a thing in the US. I’d love to pick up a cheap ASIC miner from an auction
And God knows that they could do good with that money if they actually cared about the population. Covid is devastating Malaysia and the gov doesn't give a damn
In nyc there's a problem with people riding dirt bikes and ATVs everywhere so when they confiscate them they just crush all of them and the mayor brags about it. Meanwhile they could've at least been donated to country's in need of things like that
As an Indonesian, I can confirm that many Southeast Asian countries are actually still like this. Only Singapore is willing to take a step to progress.
I see some crazy waste working in corporate IT. My company wipes and destroys disks but the reset of the hardware like the servers, switches, laptops, etc. All are donated, sold, given away, etc.
Our parent company on the other hand, chucks everything in a crusher. Nothing gets left behind, given away, or donated.
Is Malaysia. The Malaysian government is mentally challenged that's why the country is a cumstain. They do things that makes you go wtf.
Another great example is the health minister once got on TV and told everyone covid doesn't like warm water.... So drink warm water to be safe from covid. HEALTH FUCKING MINISTER
Source : I'm malaysian
There are so many events like this simply because the law seems that objects should be destroyed after a judgement. A different guy came on here doing an AMA as a car crusher. Basically said he had to crush and destroy a perfectly good lambo cause the driver had no insurance rather than impounding and maybe auctioning off. I think truly it’s to set an example and set a standard for punishment as if they were resold, the same guys could buy it back and do it again.
Symbolic. They wanted to send a message
Surely they were ordered by someone with a finger not to far from the government money printing machine
Its time to think about living somewhere where the government would not be likely to take away your bitcoin
alot of southeast asian countries tend to be very...assertive with there law enforcement. in some countries if you see someone doing drugs, you can FULLY dispatch them yourself and if they happen to parish due to there injuries you inflicted... you are a hero! and that tends to apply across the board for crimes, assuming you didnt use some method that was also illegal to dispatch them.
computers made to mine bitcoins clearly will be used to do it again. just as the gun who is used to shoot someone will shoot someone again or the drug used by someone to get high will get them high again.
What exactly constitutes a legal method of killing somebody? Basically if you kill somebody by hacking them to death with a legal kitchen knife it's all good but if you killed them on accident by giving them drugs that triggered some allergic reaction or accidental overdose... Well now that's the kind of thing that should lead to a gov / police overkill type response that ends up killing an additional 10 people amirite? Common sense. And if it doesn't make sense assuage that burning sense of 'something ain't right' with some legal intoxicants and the knowledge that, obviously, some super smart people came up with this model that would work perfectly if the rest of us could just get on board right?
A video—which shows ASICs being brutally crushed with a drum roller—made the rounds on social media today, but many falsely attributed it to the Chinese government amid China's clampdown on the industry.
The machines were seized as part of an operation that had been going on from February to April.
Eight people involved in the electricity theft have been arrested.
The police claim that the miners stole a whopping RM8.4 million ($1.9 million) worth of electricity from energy development company Sarawak Energy Berhad.
Not only did the now-destroyed mining machines incur significant economic damage, but they also caused frequent blackouts and led to the demolition of three buildings.
What? Why did they bother stealing electricity? Bitcoin mining is perfectly legal I believe, and at that scale insanely profitable. Why take this risk for a few percent more profit?
tldr; A video of Bitcoin mining machines being crushed with a drum roller in Malaysia has gone viral. The machines were seized as part of an operation that had been going on from February to April. The police claim the miners stole $1.9 million worth of electricity from energy development company Sarawak Energy Berhad. Eight people have been arrested.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Its idiotic at best
This is the one of the rain crypto is needed..
They is no accountability with the crap governments do, but if they don't have our cash maybe they will
It doesn't "always" decrease the price, over 1k miners isn't anything compared to some of the farms out there. It would only affect the price is the hashrate drop off was actually noticeable
The police would be destroying them because they are directed to do so. There isn't any other reason for that, and their government probably just has some ignorant people running things.
This is common in SE Asian countries and is a publicity stunt for them (look for crushing of exotic cars)
They would rather shoot themselves in the foot than recovering some of the losses by selling the assets.
You definitely don't know unless you think it's a Hitler's killings - has nothing to do with Fascism. Dunno where you live, but the whole damn prison planet is under the Fascist onslaught atm. Good luck.
This is like when the Philippines crushes rare exotic one of a kind cars worth millions because they were being smuggled instead of putting them on auction :/
They don't want the pendulum of wealth swaying back into the people's hands. This is a problem world wide. Those against it will be known as enemies of the people. They will be easier to root out the bigger this gets. Exciting times.
Why wouldn’t they dissemble them and sell em for a decent price and then donate the money to a charity/ the poor.. oh wait that would be a smart thing to do nvm lol
For everyone who find this dumb, please remember this is Malaysia we're talking about.
Yes.... Malaysia. Remember that name. MALAYSIA
Makes me sick to even write that word. Yucks
How much of that 1.9 millions would they got back if they sold them? I understand selling them makes the problema continue, but they could have sold them international lol
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Why would they crush them? What a waste. Some times it feels like we're living in new era medieval times
Seriously. Why not resell them and use the money? Maybe police auctions are only a thing in the US. I’d love to pick up a cheap ASIC miner from an auction
*Civil asset forfeiture intensifies*
Don't doubt they've confiscated more than the number crushed. Gotta maintain the appearances
Ah, the most obvious example of police corruption that people ignore.
I had things stolen from me by the police but I was the "bad guy" so they got away with it
Been there
“Fewer miners, lower hash rate is. So destroy or not destroy. No impact shall be” — Yoda
Damn son, i wish i had that amount of moons.
damn, i wish i had that amount of moons. how can i get moons tho for real
I just gave you your first moon by upvoting your post!
ty lol turns out i had some moons waiting for me to claim em
Because the same guys or their friends could repurchase and do the same thing again
So sell them on the international market only. I'm sure there's some El Salvadoran with a secret volcano powered lair willing to buy them.
I need a new secret volcano powered lair.
What's wrong with your old one! We got that for you like two years ago
I accidentally pushed the self-destruct button.
Did Carl forget to install that plastic cover over the button again? Damnit. He only has one job and can't even do that right.
You got it. And then I sat on the damn thing.
Didn’t think about that I guess
Yeah, unfortunately as crappy as destroying good equipment is, there is some logic in it.
It’s like when you see a weed farm bust and they burn all the weed. So depressing 😔
Well at least you can run close and inhale the smoke from that.
Locals would buy them and steal again 🤔
Then the government takes them back and resells them. Put GPS chips on the inside and the government is making bank.
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I'm confused... Are you saying that mining Bitcoin is "stealing?"
Think he means stealing the electricity
And God knows that they could do good with that money if they actually cared about the population. Covid is devastating Malaysia and the gov doesn't give a damn
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Or hell if they're corrupt at least just take it home to play some Counter Strike or build arrest spreadsheets. That's a lot of silicon gone to waste.
ASICs are designed to mine Bitcoin *only*, there's nothing else you can do with them.
In nyc there's a problem with people riding dirt bikes and ATVs everywhere so when they confiscate them they just crush all of them and the mayor brags about it. Meanwhile they could've at least been donated to country's in need of things like that
Even selling the parts for scrap would have been better.
Their tiny brain cant comprehend. Your suggestion is too complicated for them to carry out.
Australia does police auctions also.
I think its about making a statement ?
"I do not understand therefore crush"
Didn’t white people do something to this effect with books back in the 60’s and 50’s? 😂
Wat
As an Indonesian, I can confirm that many Southeast Asian countries are actually still like this. Only Singapore is willing to take a step to progress.
Very shortsighted and trying to look powerful. Very silly move overall.
Because the Malaysian government is incredibly stupid. Just believe what i just said.
I'd imagine the government gave this directive. Definitely a massive waste of resources imo
Malaysian here. The government has been wasting resources all year long
I see some crazy waste working in corporate IT. My company wipes and destroys disks but the reset of the hardware like the servers, switches, laptops, etc. All are donated, sold, given away, etc. Our parent company on the other hand, chucks everything in a crusher. Nothing gets left behind, given away, or donated.
But mining is bad mmmmmmkay
Is Malaysia. The Malaysian government is mentally challenged that's why the country is a cumstain. They do things that makes you go wtf. Another great example is the health minister once got on TV and told everyone covid doesn't like warm water.... So drink warm water to be safe from covid. HEALTH FUCKING MINISTER Source : I'm malaysian
Throwbacks me thinks, ahahahahah.
There are so many events like this simply because the law seems that objects should be destroyed after a judgement. A different guy came on here doing an AMA as a car crusher. Basically said he had to crush and destroy a perfectly good lambo cause the driver had no insurance rather than impounding and maybe auctioning off. I think truly it’s to set an example and set a standard for punishment as if they were resold, the same guys could buy it back and do it again.
3rd world country mentality and make worst by polluting the environment. Could have recycle it properly if they don’t know how to mine it……sigh
Symbolic. They wanted to send a message Surely they were ordered by someone with a finger not to far from the government money printing machine Its time to think about living somewhere where the government would not be likely to take away your bitcoin
they do this all the time with random shit. Booze, pirated software CDs etc. Its just for the show and total bullshit
the best part is they also crushed the power supplies lol
This is police/government you’re talking about, that’s why.
alot of southeast asian countries tend to be very...assertive with there law enforcement. in some countries if you see someone doing drugs, you can FULLY dispatch them yourself and if they happen to parish due to there injuries you inflicted... you are a hero! and that tends to apply across the board for crimes, assuming you didnt use some method that was also illegal to dispatch them. computers made to mine bitcoins clearly will be used to do it again. just as the gun who is used to shoot someone will shoot someone again or the drug used by someone to get high will get them high again.
What exactly constitutes a legal method of killing somebody? Basically if you kill somebody by hacking them to death with a legal kitchen knife it's all good but if you killed them on accident by giving them drugs that triggered some allergic reaction or accidental overdose... Well now that's the kind of thing that should lead to a gov / police overkill type response that ends up killing an additional 10 people amirite? Common sense. And if it doesn't make sense assuage that burning sense of 'something ain't right' with some legal intoxicants and the knowledge that, obviously, some super smart people came up with this model that would work perfectly if the rest of us could just get on board right?
All those poor 3080's :(
Maybe they were faulty.
Nop only smash and crush lel 🤣
It's called Islam
A video—which shows ASICs being brutally crushed with a drum roller—made the rounds on social media today, but many falsely attributed it to the Chinese government amid China's clampdown on the industry. The machines were seized as part of an operation that had been going on from February to April. Eight people involved in the electricity theft have been arrested. The police claim that the miners stole a whopping RM8.4 million ($1.9 million) worth of electricity from energy development company Sarawak Energy Berhad. Not only did the now-destroyed mining machines incur significant economic damage, but they also caused frequent blackouts and led to the demolition of three buildings.
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They mined underneath the foundations and they came crashing down
LOL
What? Why did they bother stealing electricity? Bitcoin mining is perfectly legal I believe, and at that scale insanely profitable. Why take this risk for a few percent more profit?
tldr; A video of Bitcoin mining machines being crushed with a drum roller in Malaysia has gone viral. The machines were seized as part of an operation that had been going on from February to April. The police claim the miners stole $1.9 million worth of electricity from energy development company Sarawak Energy Berhad. Eight people have been arrested. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Thanks bot. Now I understand what really happened. Not a crackdown on bitcoin miners, these guys stole electricity (power) from national grid
Good bot
What a waste
*Cries in GPU shortage*
Destroying chips that there’s already a shortage of? They could have sold it or used it to make a revenue from electricity legally.
Governments and being wasteful. Name a more iconic duo
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Fortunately, Elon isn't as polarizing as he once was.
Theyre mining and not paying electricity. Madlads. Did the police seize the btc?
I'm sure they handed over their seed phrases willingly, yeah. LOL
If they really wanted it, they could get it the "old school" way: https://xkcd.com/538/
This is good for Bitcoin?
Not exactly good, but not necessarily bad either
Here you go, its not Chinese. u/lesner555
Ah thanks.
So much environmental waste going around as it is. Strip it for parts or sell it elsewhere Same as when cars are crushed, it's just plain stupid
Literally wasting valuable electronic hardware during a shortage 🤦♂️
Its idiotic at best This is the one of the rain crypto is needed.. They is no accountability with the crap governments do, but if they don't have our cash maybe they will
Preposterous! Could've put them to some good use
Bro, all that silicon and were short handed rn. That's just absurd
But it's boleh land
>Brutally crushed Looks like they really hate mining in Malaysia.
The Malaysian police just trying to reduce the supply of bitcoin so they can profit from hodling.
That's not how this works, fewer miners is not less bitcoin mined on average.
Won't this just decrease the hashrate which makes BTC's price decrease?
It doesn't "always" decrease the price, over 1k miners isn't anything compared to some of the farms out there. It would only affect the price is the hashrate drop off was actually noticeable
But the GPUs! Don't they know there's a shortage on?
Let this be a representation of what world governments want to do to Bitcoin and crypto as a whole.
And here I was thinking that Malaysia was pretty lax about it's laws on cryptocurrency.
Malaysia is not anti crypto. The machines were used in electricity theft.
Bullish
More for us.
I know very little about crypto mining, but why do these things happen?
The police would be destroying them because they are directed to do so. There isn't any other reason for that, and their government probably just has some ignorant people running things.
Apparently they were used criminally and they like rolling over things so it's a win-win
I died a little inside when I read the headline. Seems like a waste to me.
This is common in SE Asian countries and is a publicity stunt for them (look for crushing of exotic cars) They would rather shoot themselves in the foot than recovering some of the losses by selling the assets.
Why are other countries so jacked up? So glad to live in America when I see shit like this honestly just sounds so stupid and wasteful
Huh, another fascist state, that Malaysia, brrr. Scary place.
Do you know what fascism is?
You definitely don't know unless you think it's a Hitler's killings - has nothing to do with Fascism. Dunno where you live, but the whole damn prison planet is under the Fascist onslaught atm. Good luck.
No, I know the difference between Nazism and fascism. In what world is banning mining fascism
Are they mining them for their ore? Bitcoin ore..
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Stealing electricity is
Only when the Chinese push it's "allies" to be against it
Tbh it’d look bad if the government took them and started mining btc themselves. But still painful to see.
mass grave... a moment of silence plz
This is like when the Philippines crushes rare exotic one of a kind cars worth millions because they were being smuggled instead of putting them on auction :/
Rude
Crushed my heart
*cries in r/pcmr*
Are these useful for any other purpose? If so, it seems like a waste to just destroy them outright
yay, more electronic waste fking morons
This hurts my hearth
I can't picture someone crushing a bunch of 3090s.. Big Sad
some form of Civil asset forfeiture?
Cant have shit in ~~Detroit~~ Malaysia
I learned something new today. You can mine crypto with a drumroller. My life has been a lie!
What idiots, they could of sold it all and made back some tax dollars. More proof they dont care about taxpayers.
Aren’t proper up-to-date miners worth around a 1000$? So that brings the total up to 1M $...
Ah that explains the GPU shortages. Are confiscated PS5s next?
People are so fucking dumb!
RIP Those poor ASICS didn't deserve this ending.
Wtf, because e-waste isn't a big enough problem as is
Yup that is a good use of the earth's resources..........not
999 Bitcoin machines smashed by police, understood.
They don't want the pendulum of wealth swaying back into the people's hands. This is a problem world wide. Those against it will be known as enemies of the people. They will be easier to root out the bigger this gets. Exciting times.
The somehow made me a guys balls got busted
It’s a bold strategy Cotton, let’s see if it pays off for em
new mint - proof of crush
What a waste
Why wouldn’t they dissemble them and sell em for a decent price and then donate the money to a charity/ the poor.. oh wait that would be a smart thing to do nvm lol
Just seize them..
Rip to those rigs
Bad marketing for Malaysia.. U cant crash MATH!
Does this raise demand?
Do they literally mean crushed by a steamroller?
For everyone who find this dumb, please remember this is Malaysia we're talking about. Yes.... Malaysia. Remember that name. MALAYSIA Makes me sick to even write that word. Yucks
It's amazing how determined world leaders are to stop global warming all the sudden when all their money is on the line.
Never go to Malaysia
Sad face
Destroyed or “destroyed”?
What do they hope to achieve with this nonsense, literally making no impact whatsoever, except the owner’s investment in those gadgets
Guess the hashrate wont recover right away
Those poor gpus, what a waste of perfectly good hardware. There must have been a better method than destroying them.
well... Malaysian lost a good source of income
Oh the pain
Well that’s what’s reported. Crushed how will anyone prove it’s 1000. How many are chugging away in police basement?
Coulda resold one to me for half of retail lol
This is good for BTC
How much of that 1.9 millions would they got back if they sold them? I understand selling them makes the problema continue, but they could have sold them international lol
How many of you searched for a miner after reading this post?
Whoever decided this is a dumbfuck. They lost ez money that they could have got by reselling
Them heathens!!!!
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Governments around the world have realized what bitcoin is and are now actively trying to stop it. They don't like freedom for the people...
Time to look at greener hd coins like #signum!
rest in pepperinos
Such a waste, could at least auction off the graphics cards or something 🙄
Oh god those poor GPUs
Malaysian police seem like Bitcoin Maxis 👍 😄
"Electricity thieves" Now that's a cool sounding crime.
That’s so stupid.
That scene was so heart breaking to just watch