A 39-year-old person was arrested in the USA. He had set up a crypto mine in a school and caused several thousand euros in damage.
The police had discovered the crypto mine in a small town near Boston. The janitor had set up this mine in his school.
In December 2021, some suspicious changes were noted during a “routine inspection” of the school, which led the police to the crypto mining station. That was during the time when cryptocurrencies were at their peak, and we gamers had to pay double the MSRP for graphics cards.
The wires and cables all led to the same place, “near the school’s heating room.” During the inspection of the floor, “a cryptocurrency mining operation was discovered that was illegally connected to the school’s electrical system.”
He had used a total of 11 computers and expelled the waste heat outside with pipes and fans.
Perpetrator was caught, among other things, due to high electricity costs
The high electricity price was, by the way, the downfall of the 39-year-old. The school received electricity bills of around 17,500 dollars, which caught attention. In the end, not only the local police but also the US Coast Guard and the Department of Homeland Security were involved in tracking down the perpetrator.
Initially, the accused pleaded “not guilty.” However, after the police discovered his setup, the situation looked different, and he stepped down from his position.
Is mining still worth it? In 2023, mining is no longer as worthwhile as it was a year ago. At that time, Bitcoin was still valued at over 40,000 dollars, reaching a record high. As of now (February 2023), the value is around 20,000 dollars, having halved. Many miners therefore sold their equipment at a bargain price when the price started to fall.
The price had at least recovered from the December low (14,000 dollars). However, some companies are now looking for better alternatives outside of cryptocurrencies to limit their losses:
Crypto company lost 70 million euros – now selling electricity from waste instead of Bitcoins
