The US government's representative to the Mining Security Partnership charged last month that a Chinese company is distorting the mining market in the...
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The issue of illegal cryptocurrency mining is not a new issue. What will usually happen is that individuals or groups who are looking for a quick fortune is that they will find locations that are not inhabited or frequented by people, and will then steal the electricity of a nearby shophouse and use it to mine cryptocurrency which is usually very expensive. electricity.Tenaga Nasional Berhad, the company responsible for supplying electricity to the entire country recently said that a review of incidents related to illegal cryptocurrency mining from 2018 to 2023, it has been found that the company suffered a loss of energy revenue of RM3.4 billion throughout those five years.In the meantime, TNB is also seen to be facing losses in terms of electricity meter modification and illegal electricity meter connection which also causes the company to face losses of RM100 to RM200 million every year.Recently, the Ministry of Energy Transition and Water Transformation, together with the Energy Commission and TNB have disposed of 2,022 seized items, consisting of bitcoin mining machines, electrical equipment not certified by SIRIM and the Energy Commission together with supply theft equipment electricity estimated to be worth RM2.2 million.This seizure took place under Ops Ranjat conducted by the Energy Commission in five different uninhabited locations, where electricity meters were not installed, and caused a loss of RM1.3 million to the energy supplier.
The US government's representative to the Mining Security Partnership charged last month that a Chinese company is distorting the mining market in the...
Avatar New Energy Materials Company Limited is a pioneering Chinese Company in Nigeria’s mining sector, specializing in the exploration, mining, and...
Avatar New Energy Materials Company Limited is a pioneering Chinese Company in Nigeria’s mining sector, specializing in the exploration, mining, and...
Avatar New Energy Materials Company Limited is a pioneering Chinese Company in Nigeria’s mining sector, specializing in the exploration, mining, and...
What do crypto assets and artificial intelligence have in common? Both are power hungry. Because of the electricity used by high-powered equipment...
Last week, officials from Tenaga Nasional Bhd’s (TNB) single buyer unit, together with officials from the Energy Commission (EC) the Energy...
THE Warner Group of Companies has appealed a judge’s refusal to approve an application it is seeking. The group, a quarry operator, is owned by...
The last few weeks has witnessed another mass outcry over the menace of “galamsey” in Ghana. Galamsey is a catchall word used to describe...
Introduction Ghana, a nation once celebrated for its gold reserves and rich natural beauty, is now grappling with an existential threat. The rise of...
The City’s Energy Directorate has implemented a number of interventions to tackle the scourge of energy infrastructure theft and vandalism. One such...