For serious cryptocurrency miners, custom-built computers for mining are called an application-specific integrated circuit (ASIC). These are significantly better than consoles and general PCs and can lead to higher rewards from mining. However, the ASICs also take quite a bit of energy, kick out quite a bit of heat, and can be expensive, costing anywhere from $500 up to $5,000.
Though, if you illegally tap into the power grid, then you solve the energy cost problem of mining with an ASIC. Unfortunately, this could also lead you to get caught, as miners in the city of Miri in Sarawak, Malaysia, have now found. Authorities in the city seized a whopping 1,069 ASIC mining rigs after the miners allegedly stole up to $1.25 million in energy.
Perhaps steamrolling the ASIC miners may have been over the top, considering they could have been resold in or out of the country, but the point is clear nonetheless. Malaysian police will not tolerate electricity theft which can lead to blackouts and other issues throughout the country. In any event, let us know what you think of the Malaysian authorities’ actions in the comments below.
