HomeMiningIpoh Crypto-Mining Tenant Leaves Owner With RM1.2 Million Electric Bill

Ipoh Crypto-Mining Tenant Leaves Owner With RM1.2 Million Electric Bill

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A Hairdresser’s Nightmare: Tenant Turns Salon into Secret Cryptocurrency Mining Operation

A hairdresser in Simpang Pulai is facing potential bankruptcy after her tenant turned her shop’s upper floor right into a secret cryptocurrency mining operation. The tenant’s actions have left the hairdresser, 43-year-old Yen Pit Yun, with a staggering electricity bill of RM1.2 million.

Warning Signs and a Hasty Departure

Yen had rented out the upper floor of her two-story shop to a tenant introduced by a property agent in early July last 12 months. However, she began to note something suspicious in August when her tenant began lugging heavy electrical cables upstairs. Yen filed a police report, however the tenant disappeared the very next day.

Scene of Destruction and a Crushing Debt

When Yen finally inspected the abandoned upper floor, she found herself in a scene of destruction. The rooms were empty, with holes drilled into partitions and damaged partitions in every single place. The real shock got here two months later when Tenaga Nasional Berhad (TNB) presented her with an electricity bill of RM1.2 million. The case is currently under investigation, with Yen hoping that local officials will help resolve the situation.

Growing Crisis Calls for Legal Reform

The problem of illegal cryptocurrency mining operations has affected roughly 60 property owners in the realm, with victims facing electricity bill claims starting from RM30,000 to RM1.2 million. Gopeng MP Tan Kar Hing has called for intervention from the Energy Commission and other relevant authorities, emphasizing the necessity to amend the Electricity Supply Act to raised protect consumers and account holders from exploitation.

TNB Extends Assistance to Crypto Mining Victims

In response to the growing concerns, TNB has pledged to review cases of property owners facing massive electricity bills from illegal cryptocurrency mining operations. The national power utility has contacted Tan’s office, proposing individual consultations with affected property owners to work towards reasonable solutions. This development marks the primary concrete step towards potential relief for property owners caught within the cryptocurrency mining predicament.

Conclusion

Yen’s plight serves as a cautionary tale for property owners in every single place. The surge in cryptocurrency mining has led to a growing variety of cases where tenants are using rented properties for illegal mining operations, leaving landlords with massive electricity bills. It is important for property owners to concentrate on the risks and take preventive measures to avoid such situations. The need for legal reform and stricter regulations to guard consumers and account holders from exploitation has never been more pressing. As the cryptocurrency mining industry continues to evolve, it’s crucial for authorities to take proactive steps to stop such incidents and make sure that property owners aren’t left to bear the brunt of their tenants’ illegal activities.

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