School seems to be the very place where the laws must be strictly observed, especially in China, a totalitarian country with strict rules, including those related to cryptocurrency and mining. Unfortunately, it is not that simple.
A funny story happened in one of the middle schools in the city of Chenzhou, Hunan. According to local Chinese news outlet HK01, the Principal and Vice Principal were caught mining Ethereum using school assets.
According to the Principal’s words, he first installed the equipment at home, but the electricity bills were too high, so he decided to relocate it to the school dorm, but there was not enough space. He had no choice but to transfer all the servers and equipment to the school.
After some time, namely several months, the teachers of this school began to complain that computers emit a lot of noise and often “slow down”. The teachers decided to find the answer to this issue and found mining rigs.
Principal Lei Hua and Vice Principal Wang Zhipeng have already received their punishment, in the form of dismissal and warning, respectively. Meanwhile, we want to remind you that mining in China is growing and flourishing, thereby threatening the security of the world’s most famous cryptocurrency, Bitcoin.
Subscribe to The Coin Shark news in Facebook: https://www.facebook.com/coinshark/