Bitcoin

A Russian Engineer Fined for Mining Bitcoin Using Government Supercomputers

Denis Baykov, a Russian nuclear engineer at the nuclear center has been fined for using one of the country’s most powerful supercomputers to mine Bitcoin at a top-secret nuclear lab in the closed city of Sarov.

The Sarov city court has fined Baykov 450,000 rubles (around $7,000) for mining cryptocurrencies using the government facilities. According to RIA Novosti news agency , Baykov was found guilty of illegally accessing computer information and violating computer operation rules.

Two other Sarov nuclear center engineers— Andrei Rybkin and Andrei Shatokhin — are awaiting sentencing, the court told RIA Novosti.

Baykov’s lawyer, Alexei Kovalyov, told state media that his clients had developed special mining software to avoid detection and they could mine some Bitcoins before getting caught.

June G. Bauer

Pop cultureaholic, Technology expert, Web fanatic and a Social media geek. If you have any questions or comments please feel free to email her at june@thecoinspost.com or contact her on Twitter @JuneTBauer1

Recent Posts

Craig Wright’s “Satoshi Nakamoto” Claim Debunked in UK Court Ruling

The mysterious identity of Satoshi Nakamoto, the inventor of Bitcoin, has been burning question… Read More

1 week ago

P2P NFT Trading Platform Faces Breach: Users Urged to Take Immediate Action

NFT Trader, peer-to-peer (P2P) trading platform, recently experienced a security breach leading to the… Read More

3 months ago

Fireblocks buys Australian blockchain start-up BlockFold

Fireblocks, the crypto company backed by Sequoia Capital and Coatue Management, has acquired BlockFold, a… Read More

6 months ago

Former IcomTech CEO Admits Guilt in Cryptocurrency Ponzi Scheme

In recent development, Marco Ochoa, the former CEO of IcomTech, has pleaded guilty to… Read More

6 months ago

Binance Announces Complete Exit from Russia, Selling Business to CommEX

In significant development for the cryptocurrency world, Binance, one of the leading global cryptocurrency… Read More

6 months ago

Robert Kiyosaki’s Bold Prediction: Citibank Tokens vs. Bitcoin and the US Dollar

In recent tweet that sent shockwaves through the cryptocurrency community, renowned author and financial… Read More

6 months ago