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Bitcoinist 2024-10-27 07:00:10

$100 Million Loss: Malaysian Electric Company Hit Hard By Illegal Bitcoin Mining

Bitcoin mining, a complex activity that requires adding data to the blockchain, has been the subject of complaints. While it’s arguably a lucrative trade for some, it impacts the local electricity grid. Some estimates say you need up to 155,000 kilowatt hours (kWh) of electricity just to mine one coin, and each transaction requires around

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