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‘Big Ass Steamroller’ Cool

from VICE

Police Destroy 1,069 Bitcoin Miners With Big Ass Steamroller In Malaysia

Malaysian authorities did not mess around when they broke up a cryptocurrency mining farm and charged the operators with stealing electricity.

By Andrew Hayward

As Bitcoin’s price surged this spring to a new all-time high, the spotlight shining on its controversial mining process only got brighter. Bitcoin, Ethereum, and many other cryptocurrencies use an energy-intensive “proof-of-work” process that makes computers on its decentralized network compete to solve complex mathematical equations to verify a batch of transactions; this makes the network less susceptible to certain attacks, and earns miners crypto rewards.

Given the competitive element in the quest for valuable cryptocurrency, powerful mining rigs—essentially, PCs purpose-built to maximize mining rewards—are the preferred tool of serious crypto miners. They are expensive, and persistent demand and manufacturing delays can mean months-long waits for rigs to be delivered. This week, police in Malaysia crushed 1,069 of them with a steamroller.

[ click to continue reading at VICE ]

Posted on July 16, 2021 by Editor

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