Chinese Headmaster Fired For Using School’s Power For Cryptomining

Mining for cryptocurrencies such as Bitcoin and Ethereum requires a lot of mining machines which obviously require a lot of power. A school headmaster thought he had found a way to continue mining for Ethereum without racking up his power bill. He just hooked up the machines to his school’s electricity supply which was obviously not allowed. He was fired once the machines were discovered. Teachers at the school in China’s Hunan province were concerned about the constant whirring noise that could be heard all day and night, according to local media reports. They kept searching for the source of the noise which led to the cryptomining machines to be discovered.The machines had racked up an electricity bill of 14,700 yuan or over $2,100. The higher than average electricity consumption had been reported to the headmaster Lei Hua himself but he reportedly blamed it on air conditioners and heating devices.He had installed eight mining machines in the school’s computer room over the past year. He

Chinese Headmaster Fired For Using School’s Power For Cryptomining

Mining for cryptocurrencies such as Bitcoin and Ethereum requires a lot of mining machines which obviously require a lot of power. A school headmaster thought he had found a way to continue ...

Sun 11 Nov 18 from Ubergizmo

Headmaster Fired for Secret Cryptomining Operation at School in China

It can be tough to turn a profit by mining cryptocurrencies. High-end hardware is expensive and has a voracious appetite for electricity. If you really want to turn a profit, you need to […] The ...

Sat 10 Nov 18 from Geek.com

Secret cryptocurrency mining gets Chinese principal fired - CNET

Teachers reportedly had been suspicious about a whirring noise going on all day and night.

Fri 9 Nov 18 from CNET

Chinese headmaster fired over secret coin mining at school

A stack of crypto-currency mining machines was found after teachers complained about excessive noise.

Fri 9 Nov 18 from BBC Technology

  • Pages: 1

Bookmark

Bookmark and Share