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November 11, 2018 12:34 am

Principal Fired For Using School's Computer Room To Mine Cryptocurrency

"A Chinese headmaster has been fired after a secret stack of crypto-currency mining machines was found connected to his school's electricity supply," writes the BBC. An anonymous reader quotes their report: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, or about $2,100]... The headmaster had originally spent 10,000 yuan on a single machine for use at home, but allegedly decided to move it to the school after he saw how much electricity it consumed... A total of eight mining machines were installed in the Hunan school's computer room between summer 2017 and summer 2018... The deputy headmaster also became involved in the scheme and allegedly acquired a ninth machine for himself in January, which was also installed at the school. The computer network in the building became overloaded as a result of the mining activity, according to reports, and this "interfered" with teaching. All the money earned through the mining operation has now been claimed by the local official responsible for "discipline inspection."

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