A school headmaster in Hunan Province, China, has been fired after nine cryptocurrency mining rigs were discovered in the school’s computer room. Eight of the crypto rigs had been installed and started up between the summer of 2017 and 2018, with a ninth being added in January after the deputy head decided to get in on the Ethereum mining action. The deputy only received an official warning, while the headmaster was removed from his post in October after running up an electricity bill of 14,700 yuan, which is a little over $2,110 or £1,600. It’s not clear exactly how much cash was made mining Ethereum at the school, however, but apparently a local authority with the dubious responsibility of “discipline inspection” has claimed all of the ill-gotten gains. The discovery came after teachers at the school became suspicious about the loud whirring noise the many cooling fans were making day and night. The headmaster had dismissed earlier reports, claiming that it was purely the air conditioning units. Or heating devices, depending on the time of year, I guess.
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/ A headmaster in China ran a 9-piece cryptocurrency mining operation from his school’s computer room
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