Impact of Bitcoin Mining on Local Electricity Grids: A Case Study on Malaysia’s National Electricity Provider

Impact of Bitcoin Mining on Local Electricity Grids: A Case Study on Malaysia’s National Electricity Provider

Malaysia’s national electricity company, Tenaga Nasional Berhad (TNB), reported over $101mn in losses due to electricity theft linked to Bitcoin mining. The activities began in 2020, and the losses have increased each year. In addition to TNB’s losses, electrical equipment related to illicit mining operations worth over $500,000 was confiscated. Bitcoin mining involves solutions to … Read more