To be honest, this guy got what was coming. He shouldn't have been using it without permission for personal interests, and as such he was banned from working with the gov't.
Unless you think that the money you spend on taxes should be pumped into another individual's attempt at wealth, you should think this is the best thing to be done.
I wonder how fast he mined though. Probably multiple terrahashes...
Topic: US Government Bans Professor for Mining Bitcoin with A Supercomputer - page 2. (Read 3693 times)
June 14, 2014, 12:21:37 PM
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June 14, 2014, 12:17:24 PM
Quote
There was an article, I believe in 2012 that said some guy who was in charge of IT at a middle school was using like 50+ computers to CPU mine bitcoins. This was back when CPU mining was still viable.
I tried to find the article you referenced.
Perhaps you meant the Australian Broadcasting Company?
http://www.crikey.com.au/2011/06/22/tips-and-rumours-481/
http://delimiter.com.au/2012/05/21/the-abc-didnt-sack-bitcoin-miner/
I don't think it was either of those. Although both of those articles were I believe talking about the same incident.
If I remember correctly it was in PA.
It was almost certainly a school and I think the guy was doing it over the summer.
June 12, 2014, 06:50:23 PM
Using supercomputer to mine Bitcoin and get ban? Really? How unfair from government. Why wouldnt he user computer tht tax payers payed for his personal gain....
June 12, 2014, 06:46:27 PM
Quote
There was an article, I believe in 2012 that said some guy who was in charge of IT at a middle school was using like 50+ computers to CPU mine bitcoins. This was back when CPU mining was still viable.
I tried to find the article you referenced.
Perhaps you meant the Australian Broadcasting Company?
http://www.crikey.com.au/2011/06/22/tips-and-rumours-481/
http://delimiter.com.au/2012/05/21/the-abc-didnt-sack-bitcoin-miner/
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Activity: 448
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It's Money 2.0| It’s gold for nerds | It's Bitcoin
June 12, 2014, 06:22:31 PM
This is the first guy in the gov't to be publicly caught, but you can bet your ass that there are plenty more still flying under the radar...
There was an article, I believe in 2012 that said some guy who was in charge of IT at a middle school was using like 50+ computers to CPU mine bitcoins. This was back when CPU mining was still viable.
June 11, 2014, 03:31:23 AM
If he was smart he would have stolen from the government like other employees and used the proceeds to fund his ill gotten BTC. Unfortunately this professor in stuck on Gilligan's Island.
June 10, 2014, 11:26:38 PM
This is the first guy in the gov't to be publicly caught, but you can bet your ass that there are plenty more still flying under the radar...
June 10, 2014, 10:20:23 PM
This is a good thing.
This person essentially cheated and used someone else's equipment for his own benefit.
This person essentially cheated and used someone else's equipment for his own benefit.
June 08, 2014, 12:51:27 AM
haha this make me laugh. I like it.
June 08, 2014, 12:09:56 AM
Because the government owns so many their self. Wouldn't be surprised if they create it. Either way bitcoin is run by greedy tyrants who do not value free speech.
Horseshit.
June 07, 2014, 03:00:51 PM
"The researcher misused over $150,000 in NSF-supported computer usage at two universities to generate bitcoins valued between $8,000 and $10,000."
Hah! That's it?! That's like 15 btc, or $10,000 per btc mined.
Hah! That's it?! That's like 15 btc, or $10,000 per btc mined.
June 06, 2014, 11:04:25 AM
Quote
The researcher misused over $150,000 in NSF-supported computer usage at two universities to generate bitcoins valued between $8,000 and $10,000.
I'm skeptical both that they claim it used $150k in electricity and that it was able to mine that much bitcoin. Most supercomputers are just a lot of standard CPUs. Even if it had GPUs in there (like Nvidia Tesla which is used in some supercomputers) I would think the hashrate would still be significantly lower than a couple ASIC miners (and well below the quoted $8-$10k over 6 days.
Wow he did it for only 6 days and got caught? You'd think being one of the brightest supposedly he would come up with a better plan wouldn't you? to avoid being caught I mean.
One would think so. Maybe that is why he was working for the government instead of in the private sector.
I'm sure the geeks responsible for tech support noticed the bandwidth. They don't miss much those guys.
Do you mean CPU usage? Bandwidth use for mining is absolutely minimal in my experience. When I first started mining I was worried because I'm out in the boonies with only a Verizon hotspot for a connection and was limited to 4 GB/month. But it turns out that was no problem. Spending too much time in the Poloniex trollbox, however....
June 06, 2014, 10:50:03 AM
Quote
The researcher misused over $150,000 in NSF-supported computer usage at two universities to generate bitcoins valued between $8,000 and $10,000.
I'm skeptical both that they claim it used $150k in electricity and that it was able to mine that much bitcoin. Most supercomputers are just a lot of standard CPUs. Even if it had GPUs in there (like Nvidia Tesla which is used in some supercomputers) I would think the hashrate would still be significantly lower than a couple ASIC miners (and well below the quoted $8-$10k over 6 days.
Wow he did it for only 6 days and got caught? You'd think being one of the brightest supposedly he would come up with a better plan wouldn't you? to avoid being caught I mean.
One would think so. Maybe that is why he was working for the government instead of in the private sector.
I'm sure the geeks responsible for tech support noticed the bandwidth. They don't miss much those guys.
I think he didn't expect to be caught on the super computer, or, perhaps it was an experiment
June 06, 2014, 10:36:23 AM
Quote
The researcher misused over $150,000 in NSF-supported computer usage at two universities to generate bitcoins valued between $8,000 and $10,000.
I'm skeptical both that they claim it used $150k in electricity and that it was able to mine that much bitcoin. Most supercomputers are just a lot of standard CPUs. Even if it had GPUs in there (like Nvidia Tesla which is used in some supercomputers) I would think the hashrate would still be significantly lower than a couple ASIC miners (and well below the quoted $8-$10k over 6 days.
Wow he did it for only 6 days and got caught? You'd think being one of the brightest supposedly he would come up with a better plan wouldn't you? to avoid being caught I mean.
One would think so. Maybe that is why he was working for the government instead of in the private sector.
I'm sure the geeks responsible for tech support noticed the bandwidth. They don't miss much those guys.
June 06, 2014, 10:22:09 AM
Quote
The researcher misused over $150,000 in NSF-supported computer usage at two universities to generate bitcoins valued between $8,000 and $10,000.
I'm skeptical both that they claim it used $150k in electricity and that it was able to mine that much bitcoin. Most supercomputers are just a lot of standard CPUs. Even if it had GPUs in there (like Nvidia Tesla which is used in some supercomputers) I would think the hashrate would still be significantly lower than a couple ASIC miners (and well below the quoted $8-$10k over 6 days.
Wow he did it for only 6 days and got caught? You'd think being one of the brightest supposedly he would come up with a better plan wouldn't you? to avoid being caught I mean.
One would think so. Maybe that is why he was working for the government instead of in the private sector.
June 06, 2014, 10:04:58 AM
Quote
The researcher misused over $150,000 in NSF-supported computer usage at two universities to generate bitcoins valued between $8,000 and $10,000.
I'm skeptical both that they claim it used $150k in electricity and that it was able to mine that much bitcoin. Most supercomputers are just a lot of standard CPUs. Even if it had GPUs in there (like Nvidia Tesla which is used in some supercomputers) I would think the hashrate would still be significantly lower than a couple ASIC miners (and well below the quoted $8-$10k over 6 days.
Wow he did it for only 6 days and got caught? You'd think being one of the brightest supposedly he would come up with a better plan wouldn't you? to avoid being caught I mean.
June 06, 2014, 10:02:42 AM
and now you american tax payers can pay him to sit around and do nothing
June 06, 2014, 10:00:41 AM
It is wasting resource.
and the government fired him because that is their job. June 06, 2014, 09:59:56 AM
exactly!
He was stealing power and resources from the school. I have no patiences for people like this.
I guess his job did not mean alot to him!
He was stealing power and resources from the school. I have no patiences for people like this.
I guess his job did not mean alot to him!
June 06, 2014, 09:39:38 AM
No one is pointing out the obvious fact that he was fooling around with workplace equipment for his own personal benefit? That super computer wasn't his. No one would have cared if you were mining coins with your own rig, but this fool was misusing workplace equipment.
Another dumbass who gives crypto a bad name. Who needs ebil US government to shut it down when crypto population is doing such a fine job of ruining their own prospects?
Another dumbass who gives crypto a bad name. Who needs ebil US government to shut it down when crypto population is doing such a fine job of ruining their own prospects?
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