Latest News for: Malaysia mines

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STI rises 1.2% amid Fed-fuelled regional rally

Straits Times 29 Jul 2021
Singtel the top gainer, rising 2.2 per cent to $2.28. • Malaysia bucks trend in Asia, with KLCI falling 0.2 per cent ... Jefferies equity analyst Krishna Guha said ... The Kospi in South Korea gained 0.2 per cent and the ASX 200 in Australia rose 0.5 per cent on the back of mining gains. Shares in Malaysia bucked the trend as the KLCI fell 0.2 per cent.
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STI rises 1.2% amid regional rally on US Federal Reserve's decision

Straits Times 29 Jul 2021
Gainers outstripped losers 303 to 212 with 1.51 billion shares worth $1.51 billion changing hands ... Jefferies equity analyst Krishna Guha said ... The Kospi in South Korea gained 0.2 per cent and the ASX 200 in Australia rose 0.5 per cent on the back of mining gains. Shares in Malaysia bucked the trend as the KLCI fell 0.2 per cent ....
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Why Aren’t More Bitcoin Miners Setting Up Shop In Canada?

Bitcoin Magazine 27 Jul 2021
Canada seems to offer many of the advantages for successful bitcoin mining — lots of stranded renewable energy (mostly hydro), a cooler climate (which is easier on equipment) and a lower fiat currency value (more competitive than the U.S ... Malaysia, Kazakhstan, Iran and Russia are all mining at a higher hash rate than Canada.
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Illegal crypto mining PCs smashed in Malaysia

Swords Today 25 Jul 2021
Malaysia has come up with a definite solution to get rid of computer systems where cryptocurrencies are being mined illegally ... Several police forces around the world are conducting raids to crack down on illegal cryptocurrency mining farms ... The energy required for the mining ...
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After China’s Crackdown, is Russia the Next Crypto Heaven?

Finance Magnates 23 Jul 2021
Cryptocurrency mining had been hit the worst, an important development considering the country accounted for over half of Bitcoin’s production in the past. Companies are already adjusting to new norms, as local governments put pressure.Chinese local governments ban mining.
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Rights groups call on car makers to address aluminium abuses

Al Jazeera 22 Jul 2021
On Thursday, Human Rights Watch (HRW), along with Inclusive Development International (IDI), released a 63-page report detailing the fallout from aluminium production – particularly related to mining and refinement of the raw material bauxite – in countries including Guinea, Ghana, Brazil, China, Malaysia and Australia.
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Aluminum: The Car Industry’s Blind Spot

Human Rights Watch 22 Jul 2021
In Malaysia, images of rivers and coastal areas polluted with red sediment were a key factor in the government’s decision to ban bauxite mining for environmental reasons in January 2016.[29] The government ended the ban in March 2019.[30] ... [30] “Malaysia lifts bauxite mining moratorium after three-year ban.
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Ethereum price downtrend could potentially favor PC gamers

Cryptopolitan 21 Jul 2021
China restrictions cause problems in Bitcoin mining. • Ethereum mining could end the hardware shortages ... The drop in value in crypto is due to the Chinese government’s crackdown on major mining companies. Malaysia increases its security against the decentralized market for alleged tokens thefts ... Will ETH mining increase?.
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Ethereum's crashing value could finally net you an Nvidia RTX 3060 graphics card Happy PC ...

TechRadar 21 Jul 2021
Malaysia has taken similar drastic steps, with a video circulating the web showing thousands of mining rigs being seized and publicly destroyed after it was claimed that over $2 million of electricity was stolen to power the machines. . While you can technically mine Bitcoin ...
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Viral Video Shows Malaysian Police Destroying 1,069 Bitcoin Mining Rigs With a Steamroller

Slashdot 20 Jul 2021
The report notes that crypto mining is not illegal in Malaysia, although "there are stringent laws around power use.". "The Cambridge Center for Alternative Finance estimates that Malaysia accounts for 3.44% of all the world's bitcoin miners, placing it in the top ten mining destinations on the planet.".
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Malaysian Authorities Destroy Millions of Dollars Worth of Bitcoin Mining Equipment

The Daily Hodl 20 Jul 2021
Over a thousand Bitcoin mining machines have been steamrolled in Malaysia amid allegations that the owners used stolen electricity to power their rigs ... Per the Cambridge Bitcoin Electricity Consumption Index, as of April, Malaysia was the fourth-largest Bitcoin mining country in the world by hash rate after China, the United States and Russia.
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Malaysian police destroy crypto mining equipment

Bitcoin Warrior 20 Jul 2021
Police in Malaysia are alleged to have destroyed over 1,000 mining ...
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Bitcoin sinks to below $30,000 in latest sell-off wiping $100bn from crypto market

The National 20 Jul 2021
Malaysia steamrolls 1,069 Bitcoin mining machines after owners stole energy. In China, authorities have closed down Bitcoin mining operations in Sichuan due to concerns about the amount of power it consumes and instructed banks not to provide cryptocurrency-related services such as clearing or trading.
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Crypto update: Bitcoin sinks below $30,000 amid broader market sell-off

Yahoo Daily News 20 Jul 2021
For bitcoin, a stronger dollar outlook means more people will likely prefer to hold the buck, said one analyst. Photo. AP ... Read more ... Bitcoin's plunged on Tuesday morning. Chart ... Meanwhile, recent reports suggest authorities in Malaysia steamrollered more than 1,000 bitcoin mining rigs as part of an investigation into "electricity theft". Watch.
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Over 1,000 Bitcoin miners crushed by police in warning to electricity thieves

Cryptoslate 19 Jul 2021
Authorities in Miri, Malaysia, seized and destroyed 1,069 Bitcoin mining rigs by steamroller after cracking a mining operation that was using stolen electricity ... Taking this into account, the risk of being caught illegally mining Bitcoin makes a more acceptable proposition compared to getting caught growing cannabis, at least in Malaysia.
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