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Chinese schooling principles captured Mining Ethereum at work

Two principals of a Chinese school entered the hot water after stealing power from the institution to extract the cryptocurrency of ethereum.

According to a Hong Kong HK01 report on Wednesday, the Puman middle school in Hunan province has recorded higher noise levels than normal from its computers in recent months, even during the holidays. The school's IT network has also slowed significantly the consumption of electricity almost doubled from July to November.

The general manager of the school had initially lowered the consumption of energy for the excessive use of air conditioners, but an investigation revealed that the school principal, Lei Hua, and the vice president, Wang Zhipeng, had installed nine computers of the worth about $ 7,000 in total to extract the etereum criptovaluta, the report says.

HK01 indicates that the principal had initially set up the mining machines at home, but was dismayed by the costs of electricity incurred as a result. So, he installed the machines in a school dorm and effectively stole the required power.

Reportedly, the school lost $ 2.63 in electricity, for which the principal was punished and removed from office at the school, as well as inside the Communist Party. A warning was given to the principal.

While no institution is able to allow employees to use their facilities or the power to extract the encrypted, this did not stop us from trying.

In March, a state employee of the Florida Department of Citrus was arrested for allegedly using official computers to extract cryptocurrencies. At the same time, the Louisiana attorney general was investigating a group of former staff members for the same crime.

And last year, a former employee of the Federal Reserve Board of Trustees was fined $ 5,000 and put on probation after being captured bitcoin mining on a server owned by the US central bank.

Mining farm image via Shutterstock

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