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 Biggest Crypto mining in Malaysia

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ozak
post May 21 2024, 08:44 AM

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QUOTE(jack2 @ May 21 2024, 04:18 AM)
impossible they can earn money if without ahem ahem to the electricity
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Don't think they do illegal.

This are SG guys. Don't think they want to take the risk.

QUOTE(3Tree @ May 21 2024, 04:25 AM)
Ok la, not stealing electric but this kind of raise the question of how he is getting the space in mall and if he's doing so in compliance to government rules & regulatory.

Crypto mining is akin to running a small factory producing high heat, noise? and consuming high electricity, so under normal circumstances its definitely not allowed to park inside mall.

Abandoned mall, means owner allowed to operate there freely?
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It use 90% of the mall electricity. The mall before open got to apply TNB for how much consumption need. So it still between the mall limit.

Rather leave it empty, why not.

ozak
post May 21 2024, 08:52 AM

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QUOTE(GOPI56 @ May 21 2024, 06:34 AM)
With the latest generation of ASICS, it is profitable to mine in countries with cheap energy.

Malaysia is not one of them.
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Best place is at Iceland.

Cheap energy from renewable.

You only need an environment to cool it down. No need fan and energy.

Damn good margin profit.
ozak
post May 21 2024, 10:20 AM

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QUOTE(jack2 @ May 21 2024, 08:45 AM)
I disagree. It has nothing to what the mall capacity. It is masalah popit question.

Mining can't be profitable if not "ahem ahem"
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BTC price not stand still.

It's coming going up fast .
ozak
post May 21 2024, 10:20 AM

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QUOTE(yhtan @ May 21 2024, 10:10 AM)
Bomba sure visit brows.gif  brows.gif
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All kautim already.
ozak
post May 21 2024, 11:10 AM

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QUOTE(knwong @ May 21 2024, 05:37 AM)
This is the reason why ccp ban crypto mining. Such a waste of resource
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Cannot understand how does it waste of resource if it making money?
ozak
post May 21 2024, 11:33 AM

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QUOTE(knwong @ May 21 2024, 11:17 AM)
Crypto is speculative in nature. CCP realised this can be out of control so they do the right thing to ban it.
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CCP have energy problem back then when they try shut down the coal plant to support 0 carbon. But cause massive blackout and energy shortage during winter.

So start to reduce the usage and ban mining is 1 of it.

Ccp also cannot control the money exchange crypto in/outflow. Aka money laundering.

But at the end ccp have to start back the coal plant even after ban the crypto mining. But they are better now as solar, wind turbine, EV and slow down economy absorb it.

TNB shouldn't subsidies your home energy usage. Cause you're wasting the resource and doesn't make money.

 

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