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Headmaster fired after stealing school’s electricity to mine cryptocurrencies


THE headmaster of a Chinese high school was fired after stealing electricity from the school to mine cryptocurrency, local media reported.

Lei Hua deployed eight ethereum mining machines in the school for about a year, racking up an electricity bill of 14,700 yuan (US$2,120), according to an article published online by a state-owned radio station in Hunan, the central Chinese province where the school is located. Last month Lei was dismissed from his post after the power theft was detected, the report said.

SCMP , Tech , Blockchain , Science Research , Policy

   

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