As Bloomberg reports, local law enforcement is hunting down about 14,000 illegal Bitcoin mining operations in Malaysia, which they say have stolen around $1.1 billion in electricity over the last five years. Besides causing over a billion dollars in losses for Malaysia’s state-owned energy company Tenaga Nasional, illegal mining operations could wreak havoc on the country’s grid as well. Worldwide, Bitcoin mining operations chew through a gargantuan amount of power, consuming more electricity than an entire country each year. “Even if you run it properly, the challenge is that the market itself is very volatile,” Nasir told Bloomberg. More on Bitcoin: Crypto Company Creates Bizarre Drug