Home Manufacturing Technology Headmaster sacked for mining cryptocurrency at school
Headmaster sacked for mining cryptocurrency at school Pixabay

A Chinese high school in the province of Hunan has sacked its headmaster after he was found to be using the school's electricity to mine the ethereum cryptocurrency using eight machines.

A report in the South China Morning Post said Lei Hua had run up a bill of 14,700 yuan (US$2120) in about a year.

It cited a report by a state-owned radio station in Hunan as saying Lei was sacked in October.

The report said Lei started out mining at his home in 2017 after buying his first machine for 10,000 yuan.

After discovering that it was consuming about 21 Kilowatt-hours each day, he relocated it to the school and added another seven machines over a year.

When the electricity consumption was noticed, Lei blamed it on air-conditioners and heaters.

Then, in January, the deputy headmaster also started mining at the school, after obtaining a machine with help from Lei.

There was no information on what penalty Lei had attracted.

Ethereum is currently trading at about US$210.


Our Mesh WiFi system MW3 is the first in Australia market with price below AUD$200 for a set of three.

· Best valued product
· Strong signal covering up to 300m2 for MW3 and 500m2 for MW6
· Aesthetically pleasing and light weigh (blend into any room deco)
· Wireline backhauls supported
· Product units are pre-paired and easy to setup
· Not requiring phone number or email address to set up
· Wall penetration (better than other similar brands)
· Seamless WiFi roaming
· User friendly app with controls to setup a guest network, parental controls for disabling groups of devices you allocate to individuals, QoS and more



Australia is a cyber espionage hot spot.

As we automate, script and move to the cloud, more and more businesses are reliant on infrastructure that has the high potential to be exposed to risk.

It only takes one awry email to expose an accounts’ payable process, and for cyber attackers to cost a business thousands of dollars.

In the free white paper ‘6 Steps to Improve your Business Cyber Security’ you’ll learn some simple steps you should be taking to prevent devastating and malicious cyber attacks from destroying your business.

Cyber security can no longer be ignored, in this white paper you’ll learn:

· How does business security get breached?
· What can it cost to get it wrong?
· 6 actionable tips


Sam Varghese

website statistics

Sam Varghese has been writing for iTWire since 2006, a year after the sitecame into existence. For nearly a decade thereafter, he wrote mostly about free and open source software, based on his own use of this genre of software. Since May 2016, he has been writing across many areas of technology. He has been a journalist for nearly 40 years in India (Indian Express and Deccan Herald), the UAE (Khaleej Times) and Australia (Daily Commercial News (now defunct) and The Age). His personal blog is titled Irregular Expression.


Popular News




Sponsored News