Mining crypto

Venezuelan Government Plans To Regulate All Bitcoin Mining

Key points to remember New rules in Venezuela will legalize cryptocurrency mining but impose heavy restrictions on miners. The country will create a registry of miners and a central mining pool to control the industry. Venezuela has also cracked down on mining in the past. Share this article Regulators in Venezuela have introduced a mandate […]

Mining crypto

Ex-Contractor Avoids Jail After Mining Crypto On Government Supercomputers

A former Australian government contractor has avoided jail time after he was caught using state-owned supercomputers to mine cryptocurrency. According to a report by the Sydney Morning Herald, a former CSIRO employee has been accused of using government supercomputers to mine cryptocurrency and in the process depriving “sensitive science projects” of processing power. The employee, […]

Mining crypto

Ex-Government Contractor Avoids Jail For Mining Crypto At Work

A former Australian government contractor who mined crypto using state-owned supercomputers has avoided jail time. According to the Sydney Morning Herald, Jonathan Khoo was ordered to perform 300 hours of community service for installing code on two supercomputers run by Australia’s Commonwealth Scientific and Industrial Research Organization, or CSIRO, to mine crypto -change. Khoo was […]

Mining crypto

Man Convicted of Mining Crypto on Government Computers

A former contractor for the Australian government’s Commonwealth Scientific and Industrial Research Organization has been sentenced to 300 hours of community service after pleading guilty to using the agency’s supercomputers to mine crypto- currency, according to CryptoNewsPipe.com. Authorities said Jonathan Khoo gained access to the organization’s computers in 2018 when he was hired as a […]

Mining crypto

Australian Government Contractor Sentenced for Mining Crypto on Supercomputer

In short Jonathan Khoo, a former Australian government contractor, used research supercomputers to mine crypto in 2018. Khoo was sentenced to 300 hours of community service but could have faced up to 10 years in prison. Khoo caused an A$76,000 loss in productivity for less than A$10,000 in mining profits. A former contractor for an […]