Chinese School Principals Caught Mining Ethereum At Work

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Summary

Two principals at a Chinese school got in hot water after stealing power from the institution to mine the ethereum cryptocurrency. So, he installed the machines in a school dormitory and effectively stole the required power. The school's IT network had also significantly slowed, while electricity consumption had almost doubled from July to November. HK01 indicates that the principal had initially set up the mining machines at his home, but was dismayed at the electricity costs incurred as a result. Mining farm image via Shutterstock The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a .

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Two principals at a Chinese school got in hot water after stealing power from the institution to mine the ethereum cryptocurrency.

According to a report from Hong Kong news outlet HK01 on Wednesday, Puman Middle School in Hunan province had been experiencing higher than normal noise levels from its computers over recent months, even on the holidays. The school's IT network had also significantly slowed, while electricity consumption had almost doubled from July to November.

The school's general manager had initially put the energy usage spike down to overuse of air conditioners, but an investigation revealed that that the school's principal, Lei Hua, and vice principal, Wang Zhipeng, had installed...

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