Malaysia 🇲🇾 have found their second round of crushing 1000 #ASIC miners as they continue to stamp out illegal mining operations. Apparently, power theft for bitcoin mining has cost the country $776 million since 2018
Surely there's a bid for these devices, why not sell it to legitimate miners locally or internationally?
https://theminermag.com/news/2024-08-19/malaysia-bitcoin-miner-steamroller/
Cause they’re regarded 😂
Idiot government
This is what the state does.
Maybe yes, if you look closely those things aren't breaking. I bet most of them still work😂
Most likely a Chinese mining operation - Chinese businesses are notorious in south Asia for skirting laws, and there's very high demand in China for bitcoin to escape capital controls
Virtue signaling at it's best.
Why not sell them? The opposite of virtue signaling. Douche-tard signaling.
Governments seize physical assets all the time, and sell them back to the market, unless its like contraband, I guess ASICS are digital heroine makers lol
It’s true. I’m joking of course, but it’s surely some dumbass bureaucrat who’s trying to please a dumbass superior and signal that they hate bitcoin.
I wouldn't doubt that this was a own goal decided by committee, I see it happen in my corporate job all the time
Me too. If the world new how unthinking and on autopilot corporations are the market cap of the S&P would be a whole lot lower. 📉
