Mining Bitcoin Using Free Electricity - page 2.

tiurminator

newbie

Activity: 125

Merit: 0

There are no such free electricity.

Quote

Never though of this when I'm still in school but this is clearly profitable given the free source of electricity. I was so amazed by the creativity and intellect of those students taking advantage of the situation. Grin

Really? Stealing electricity is intellect and creativity? If I am the principal of the school, I will sue them and make their parents pay for the electricity they steal.

Raja_Salman

sr. member

Activity: 511

Merit: 250

Quote from: PsylockReborn on August 12, 2018, 06:27:42 PM

https://www.newsbtc.com/2018/08/12/students-are-mining-bitcoin-in-university-dorms-campuses-are-alert/

Never though of this when I'm still in school but this is clearly profitable given the free source of electricity. I was so amazed by the creativity and intellect of those students taking advantage of the situation. Grin

I don't have much knowledge about cyber security, is it really possible that the school's network will be compromised due to students mining activities using the schools internet connection? Will there be any legal charges if the students will get caught? Share me your thoughts.

I think misuse in any case is still wrong, if indeed it is for something positive it might be better permits and in making mining more comfortable and safe

cissrawk

sr. member

Activity: 1218

Merit: 410

Secure your crypto : https://notyourkeys.org

I will not bring miner to school, its too heavy and produce a lot noises. Imagine you bring antminer s9 or GPU to school everyday Roll Eyes

Quote from: PsylockReborn on August 12, 2018, 06:27:42 PM

Will there be any legal charges if the students will get caught? Share me your thoughts.

In my old school, if you caught doing something illegal such as abusing electricity for mining(because it consume too much electricity), they will take your miner and will keep it for 1 month and in bad case it will stay on there until you graduate from that school, idk about charge a money to pay that electricity.

mk4

legendary

Activity: 2786

Merit: 3845

Paldo.io 🤖

Sure the electricity is "free", but I'm pretty sure if the dorm authorities find about about this I'm pretty sure they're going to prohibit the residents on doing crypto mining. The "free" electricity is there for the basic necessities of the residents(shower heaters, air conditioners, phones, basic computer activities, etc).

virendarnagpal

member

Activity: 672

Merit: 12

As per my opinion This creative student compromised following;
1 Diverted his attention from studies to other activities; there by loss to his studies.
2. Sold his honesty; integrity ; in exchange of electricity.
3. Caused loss to the institution which was providing all the facilities so that he can get good education.
4. Compromised his own health; because as stated by him there was very much heat ; to save him from that heat he had to open all the windows ; run all
the fans etc.
5. Compromised his mental peace. Because whenever someone steals something; his mental peace is gone because of the fear of being caught by the
administration.

Very costly affair. Not advised to choose this way.

dohh

jr. member

Activity: 332

Merit: 1

Quote from: PsylockReborn on August 12, 2018, 06:27:42 PM

https://www.newsbtc.com/2018/08/12/students-are-mining-bitcoin-in-university-dorms-campuses-are-alert/

Never though of this when I'm still in school but this is clearly profitable given the free source of electricity. I was so amazed by the creativity and intellect of those students taking advantage of the situation. Grin

I don't have much knowledge about cyber security, is it really possible that the school's network will be compromised due to students mining activities using the schools internet connection? Will there be any legal charges if the students will get caught? Share me your thoughts.

Whats creative about stealing electricity?

pooya87

legendary

Activity: 3472

Merit: 10611

they still have to buy a bitcoin miner, and as a student i wouldn't have wanted to pay $500-$3000 for a miner just because i could have had free electricity and take the risk of mining bitcoin and getting caught. and they are noisy which means you will be producing a lot of noise in the dorm Tongue

Quote from: PsylockReborn on August 12, 2018, 06:27:42 PM

I don't have much knowledge about cyber security, is it really possible that the school's network will be compromised due to students mining activities using the schools internet connection? Will there be any legal charges if the students will get caught? Share me your thoughts.

why would the "network" be compromised?!!!
it is against the rules of the school to abuse the electricity they are providing for you for free. an explicit rule may even exist in some places that prohibits students from using it for mining cryptocurrencies.

PsylockReborn

member

Activity: 420

Merit: 24

https://www.newsbtc.com/2018/08/12/students-are-mining-bitcoin-in-university-dorms-campuses-are-alert/

Never though of this when I'm still in school but this is clearly profitable given the free source of electricity. I was so amazed by the creativity and intellect of those students taking advantage of the situation. Grin

I don't have much knowledge about cyber security, is it really possible that the school's network will be compromised due to students mining activities using the schools internet connection? Will there be any legal charges if the students will get caught? Share me your thoughts.

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