Chinese headmaster fired over secret coin mining at school - BBC News
A Chinese headmaster has been fired after a secret stack of crypto-currency mining machines was found connected to his school's electricity supply.
Teachers at the school in Hunan became suspicious of a whirring noise that continued day and night, local media report.
This led to the discovery of the machines, which were mining the crypto-currency Ethereum.
They racked up an electricity bill of 14,700 yuan (£1,600).
The excessive electricity consumption had previously been reported to the headmaster, Lei Hua, but he reportedly dismissed it as being caused by air conditioners and heating devices.
Mining crypto-currencies such as Bitcoin and Ethereum involves connecting computers, usually specialised "mining machines", to the currency network.
By providing computing power for validating transactions on that network, mining-machine owners are rewarded with newly generated coins, making it a potentially lucrative exercise - especially when done at scale.
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Bitcoin makes him crazy. But he did illegal things.
So funny the lengths people will go to, but this story doesnt beat the story of the Russian Nuclear Scientists who got caught mining at work using the computing power of their mainframe computers!!