Principle Fired for Mining Cryptocurrency at a School in China

A Middle School principle in China was fired after staffers uncovered a cryptocurrency mining scheme utilizing school computers.

Local media in China have begun to write about a foiled cryptocurrency mining scheme organized by the principal of Puman Middle School. The man utilized school computers for the task.

According to reporting from the BBC, Lei Hua was fired after other staff members discovered that he installed eight mining machines in the school between summer 2017 and summer 2018.

The South China Morning Post wrote reported that Lei was originally mining Ethereum inside of his home in June 2017. He soon decided to move his operation to the Hunan Province school in order to save money on electricity.

What’s Coooking?

Local Chinese media said that teachers began to feel suspicions when they noticed the school’s internet was slowing down. On top of that, reports of loud noises that continued without stopping were also brought to light.

After an employee inquired about…