Posted on by Raihan Hadi
Subscribe to our Telegram channel for the latest updates in the marketing and advertising scene
Over 1,000 Crypto Mining Rigs destroyed in Sarawak
21 Jul
Malaysian authorities recently destroyed 1,069 crypto mining rigs in Sarawak, by crushing them with a steamroller.
These rigs were confiscated between February and April this year. Its owners were accused of stealing electricity for their mining activities by Sarawak Energy Berhad, the province’s electric utilities company. The utility firm alleged the miners of stealing energy worth over RM8.4 million (US$2 million).
The widespread theft of energy from these mining operations followed by the unsafe electric connections used to do it have also cause three houses to catch fire and burn down. Cryptocurrency miners often use heavy duty PCs built especially for mining, and the process consumes a large amount of electricity.
To dispose of the illegal mining rigs it confiscated, Malaysian authorities used a steamroller to crush all RM5.3 million (US$1.26 million) worth of hardware at once.
MARKETING Magazine is not responsible for the content of external sites.
After 20 years of evolving technology, shifting market trends, and adapting to changing consumer behaviour, the media landscape has nearly reached saturation.
We’ve optimised to the fullest, providing advertisers with abundant choices across technology, platforms, data-driven marketing, CTV, OTT, DOOH, influencer marketing, retail, etc.
Media specialists have diversified, but with more options comes the challenge of maintaining income growth. The industry is expanding, but revenue isn’t keeping pace.
Now, we’re at a TURNING POINT: time to explore and harness new sustainable revenue streams. While GroupM forecasts a 7.8% global ad revenue growth in 2024, challenges like antitrust regulation, AI and copyright issues, and platform bans persist.
Collaboration is key: partnerships that thrive on synergy, shared values, and aligned goals are becoming increasingly essential.
Hence, the Malaysian Media Conference, in its 20th year, has assembled the partners and players under one roof on October 25 for a day of learning, sharing, and exploring.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.OkNoPrivacy Policy
