Pixabay
A Chinese high school in the province of Hunan has sacked its headmaster after he was found to be using the school's electricity to mine the ethereum cryptocurrency using eight machines.
A report in the South China Morning Post said Lei Hua had run up a bill of 14,700 yuan (US$2120) in about a year.
It cited a report by a state-owned radio station in Hunan as saying Lei was sacked in October.
The report said Lei started out mining at his home in 2017 after buying his first machine for 10,000 yuan.
After discovering that it was consuming about 21 Kilowatt-hours each day, he relocated it to the school and added another seven machines over a year.
When the electricity consumption was noticed, Lei blamed it on air-conditioners and heaters.
Then, in January, the deputy headmaster also started mining at the school, after obtaining a machine with help from Lei.
There was no information on what penalty Lei had attracted.
Ethereum is currently trading at about US$210.
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