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Headmaster in China fired after being caught using school computers to mine cryptocurrency

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The headmaster of a school in China has been fired after teachers found that he had connected a series of cryptocurrency-mining devices to the school’s power and internet networks.
T he headmaster of a school in China has been fired after teachers found that he had connected a series of cryptocurrency-mining devices to the school’s power and internet networks.
Local media reports that Lei Hua, the head of Puman Middle School in China’s Hunan Province, installed eight machines in a school classroom over the last year.
Cryptocurrency mining uses computer hardware to perform calculations which result in digital coins being generated. This can be converted into normal currency or kept as cryptocurrency. Powerful mining machines can generate more cryptocurrency, but typically become hot and noisy when operating and use large amounts of power.
The mining machines in Puman Middle School were reportedly discovered after staff at the school noticed a whirring noise and problems with the school’s computer network.

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