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The Machinery and Equipment Manufacturers Association of Malaysia (MEMA) was formed under the name Heavy Equipment and Machinery Manufacturers Association of Malaysia (HEMMAM) on 22nd June 1998 as a result of the Malaysian government desire to further promote and enhance the development of the Machinery and Equipment (M& E) industries in the Second Industrial Malaysia Plan (IMP2).
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The Machinery and Equipment Manufacturers Association of Malaysia (MEMA) was formed under the name Heavy Equipment and Machinery Manufacturers Association of Malaysia (HEMMAM) on 22nd June 1998 as a result of the Malaysian government desire to further promote and enhance the development of the Machinery and Equipment (M& E) industries in the Second Industrial Malaysia Plan (IMP2).
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This is because, for them, it’s not safe to use SHA-256. There are now many powerful SHA-256 mining machines in the marketplace and some individual entities now have enormous amounts of SHA-256 hashing power. This means other cryptocurrencies that use SHA-256 may be vulnerable to attack from just one Bitcoin mining farm.
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The mineral mining sector in Malaysia recorded a total gross output value of MYR3.5 billion, out of which MYR1.7 billion is attributable to bauxite and ilmenite mining ( 2016 Mining and Quarrying Economic Census ). In Malaysia, the exploration and extraction of mineral resources is regulated by the Ministry of Energy and Natural Resources (NRE).
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