Mining crypto

Bahraini Man To Learn Fate Next Month For Mining Crypto In University Server Room | THE DAILY TRIBUNE

TDT | manama

The Daily Tribune – www.newsofbahrain.com

A Bahrain IT expert facing law for allegedly misusing university-owned assets here to mine cryptocurrency will learn his whereabouts next month. A Bahrain Magistrate’s Court will deliver its verdict in this case on August 17, 2022.

Investigators had said they arrested a man – a computer expert – for running a 28-machine mining rig directly from a university’s server room here. He is said to have run the university-based mining operation since 2019. How much profit he made from the operation has not yet been disclosed.

The University, however, said it suffered losses to the tune of BD 20,000, through unauthorized mining. The suspect, a computer expert, initially operated his mining machines from his home, but then moved them to a room housing the university’s internet server in an effort to save money on the internet and on electricity.

The scheme only failed when a University staff member who spotted and became suspicious of the machines in the server room reported it to the University. When questioned, the suspect initially denied knowledge of the systems found in the server room. However, he failed to make his case when investigators confronted him with strong evidence.

Court records show he confessed to installing the systems at the University as early as 2019 when the Kingdom was busy battling the coronavirus outbreak. University officials reportedly suffered a loss of electricity consumption of BD 20.00 during those years.

The suspect was the subject of criminal proceedings before the High Criminal Court. Experts believe that when people do such things, it goes beyond stealing electricity, as it could slow down the entire work of the establishment.