RATE Group | Man fined $7,000 for using Russian supercomputer to mine Bitcoin
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Man fined $7,000 for using Russian supercomputer to mine Bitcoin

28 Sep Man fined $7,000 for using Russian supercomputer to mine Bitcoin

Posted at 17:30h in Cryptocurrency News by

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Denis Baykov, an employee at a Russian nuclear warhead facility, has been fined 450,000 rubles ($7,000) for illegally mining Bitcoin, a Russian court announced last week.

Baykov and two other employees at the All-Russian Scientific Research Institute of Experimental Physics in Sarov, Nizhny Novgorod Region, attempted to mine cryptocurrency using a computer powered by one petaflop, which is equal to 1,000 trillion transactions per second.

Baykov was convicted of illegally accessing the computer and violating rules against storing information. 

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The plot was foiled last February. According to Russian media outlet Meduza, the other two employees implicated in the crime are awaiting sentencing. 

Tatyana Zalesskaya, a spokesperson for the institute, told Russian media outlet RBC at the time that the detainees illegally used “official computing power for personal purposes, including for the so-called mining.”

Sarov is a restricted…

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