⚡️🇲🇾 WATCH - Malaysian authorities seized 1,069 bitcoin mining machines in 2021 and used a steamroller to crush them. The hardware allegedly stole $2 million worth of electricity and was destroyed by court order.
https://blossom.primal.net/f361411528320137af930351df5a3ba6d7e328fbe15482be72e09baf2c0c1b97.mp4
I guess it's not worth it when you have to pay for the electricity, or presumably they would've used them.
If Governments can't get the cheapest electricity, then there is something really wrong with the way they work! These miners could have been used to use stranded power generation that would have helped them build out their power grid and improve the lives of their citizens. Even if they didn't want to use them, they could have sold the working ones abroad or done anything more constructive with them! Governments are parasites that eventually kill their host.
Yes, you're right. Malaysia has abundant government sponsored solar energy. This was just destructive.
Governments love to steal and destroy.
Monero is mined on an CPU with ideal efficiency. They'd have to destroy server farms and personal computers or even cell phones if it were Monero.
Is Monero still being reorged? I noticed a bunch of ASIC suppliers stopped accepting XMR during the Qubic reorg attack..
Not anymore thankfully, Qubic burned through their attack fund and nuked their coin for their 37% attack. I hope selfish mining attacks don't become a trend against the proof of work coins, it's a bug weakness of Bitcoin, Litecoin, Monero, etc.
Bitcoin is the largest supercomputer in the world, with over 1ZH/s. I doubt that even a well funded collective of governments could attack it at such a scale. One of the advantages of ASIC mining is how efficient it is compared to FPGA, GPU and CPU mining, which makes attacks much more expensive. I heard they're going after DOGE next. It's Scrypt algo like Litecoin, but with more hashrate.
why dont they just use it?
inefficiency in all governments
its insane
but cool video
bitcoin doesnt give a shit
Control mechanisms
99% bleed for 1% greed
Hence why we rise and grind
Together and separate
Humanity will win 🏆
Or I die trying
Governments only know how to steal, not create.
Then they do this kinda stuff as statist theatrics to flex. Its pathetic
Low IQ. I wonder how they’re doing now watching the entire planet adopt Bitcoin. Still in denial?
They probably would have if the year was 2030
“ allegedly “ is operative word 😜
One assumes they removed any private keys from wallets beforehand….. ?
Noobs
