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

LocalMonero Announces 6-Month Shutdown Plan

LocalMonero, the peer-to-peer exchange platform for the privacy-focused cryptocurrency Monero (XMR), will be shutting down… Read More

1 week ago

Telecom Giant Vodafone Bringing Crypto to the Masses Via SIM Cards

The major telecom company Vodafone has unveiled an ambitious plan to integrate cryptocurrency wallets directly… Read More

2 weeks ago

No Evidence of Hack, Says Bitfinex CTO Amid Ransomware Gang’s Allegations

In the world of cybersecurity, claims of data breaches can cause significant concern and speculation.… Read More

2 weeks ago

Indian Police Seize 268 Bitcoins Worth $17 Million in Crypto Bust

Indian authorities have seized large sum of bitcoins from a resident of Haldwani, a… Read More

2 weeks ago

Smart Contract Hacking Costs Ex-Engineer $12M and His Freedom

A former senior security engineer was sentenced to three years in prison for executing sophisticated… Read More

1 month ago

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

2 months ago