RATE Group | Secret cryptocurrency mining gets Chinese principal fired
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Secret cryptocurrency mining gets Chinese principal fired

09 Nov Secret cryptocurrency mining gets Chinese principal fired

Posted at 15:25h in Cryptocurrency News by

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Cryptocurrency 2018

A school Ethereum-mining operation got a principal in trouble in China, according to reports.


S3studio / Getty Images

A Chinese principal lost his job after hidden cryptocurrency mining machines were found sucking up his school’s electricity.

The Ethereum-mining devices were discovered after teachers at the school in southeastern Hunan province got suspicious about a whirring noise they were hearing all day and night, the BBC reported Friday, citing local media.

Cryptocurrency mining becomes more lucrative as you add computational power, but that sucks up a lot of power. The operation resulted in the school getting hit with a 14,700 yuan ($2,100/£1,600/AU$2,900) electricity bill.

Lei Hua, the principal, allegedly installed eight mining machines in…

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