TNB discovered that 13,827 premises had illegally used energy to mine cryptocurrency over the interval, the power and water transformation ministry stated in a written parliamentary reply dated Tuesday.
The unlawful use of electrical energy for cryptocurrency mining, significantly for bitcoin, has triggered monetary losses of 4.6 billion ringgit (US$1.11 billion), the ministry stated, including that TNB is working with authorities to curb energy theft.
Although there aren’t any particular legal guidelines governing cryptocurrency mining, tampering with meters or utilizing connections to bypass them are offences beneath the Electrical energy Provide Act.
The ministry stated TNB has been in a position to seize bitcoin mining machines on the premises concerned following joint operations by the ministry, the police, the communications regulator, the anti-corruption company and different enforcement our bodies.
