British Government Employee Caught Mining Litecoin at Nuclear Lab

2023-6-22 18:45

A British civil servant resigned after being caught illegally mining Litecoin at a nuclear research facility during the height of the COVID-19 pandemic.

Karl Beacham stepped down after it was found he mined Litecoin between December 2019 and June 2020.

The inquiry started after the UK Atomic Energy Authority’s (UKAEA) chief operating officer received an anonymous tip of mining taking place on government property. 

Engineer Said Bosses Approved of Litecoin Mining

Beacham reportedly started mining Litecoin in December 2019, but shut down the machine shortly after workers returned following the 2020 COVID-19 lockdown.

Beacham had worked at the facility for several years as a contractor and later as a full-time staff member of the UK Atomic Energy Authority (UKAEA). He worked at the Culham Center for Fusion Energy, which leads on nuclear energy research.

Beacham claimed management rescinded an earlier approval to allow mining on government property.

The agency contracted his mechanical engineering skills for several years before employing him. The tribunal hearing the case said the UKAEA would have likely retained him if he had seen the hearing through.

It is not clear how many Litecoin Beacham mined.

His resignation comes as the UK government tries to alleviate the cost-of-living with stimulus checks. Annual inflation rose 7.9% in May 2023, notably more than the US.

Crypto Mining Can Prove a Lifeline to Many

Citizens in countries with runaway inflation often risk acquiring crypto, sometimes illegally, to survive. Mining can be a lifeline to access Bitcoin in the absence of access to a liquid market.

British prime minister Rishi Sunak’s attempts to ease households’ financial burden is only covering one-fifth of the average household income in the UK and affords families minimal leeway, the Joseph Rowntree Foundation found. Hot meals and toiletries remain elusive for many families.

According to Johannes Ullrich at the SANS Internet Storm Center, the most telltale sign of mining on government property is the significantly higher energy bill.

New York police arrested Suffolk County clerk’s information technology supervisor Christopher Naples for mining crypto at the Riverhead Center in 2021. The operation burdened the county with $6,000 in electrical costs.

Interested in how to mine cryptocurrency (legally)? Click here for our Learn guide.

Also, as in Beacham’s case, colleagues noticed the noise generated by fans cooling his Litecoin equipment.

The agency may have also failed to detect outbound connections to a mining pool. Most antivirus software blocks connections to mining pools. 

Fewer staff at government departments also make rogue employees mining crypto harder to detect, Ullrich said.

The post British Government Employee Caught Mining Litecoin at Nuclear Lab appeared first on BeInCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Speed Mining Service (SMS) íà Currencies.ru

$ 1.9622 (+0.00%)
Îáúåì 24H $0
Èçìåíåèÿ 24h: 0.00 %, 7d: 0.00 %
Cåãîäíÿ L: $1.9622 - H: $1.9622
Êàïèòàëèçàöèÿ $205.406k Rank 99999
Äîñòóïíî / Âñåãî 104.68k SMS

mining government litecoin british caught property detected

mining government → Ðåçóëüòàòîâ: 126


Ôîòî:

Iranian Government Places New Ban On Mining Bitcoin Within Households

Iran has become the latest country to ban Bitcoin mining, albeit for select people. Apparently, the Iranian government has decided to stop its citizens from mining Bitcoin in their homes. According to the government, household mining has been exerting too much pressure on the already burdened national electric grid. The Ministry of Energy has issued […]

2021-5-19 21:14


Chinese Region Halts Cryptocurrency Mining Operations

In-line with a strict government crackdown on all things crypto, a small province in China is forced to shut-down illegal bitcoin mining operations in the region before August 2018. Mining Crackdown As reported recently on local news Jinse, the northwestern Chinese region of Xinjiang Uyghur has identified “illegal” mining operations taking advantage of the naturally cool, […] The post Chinese Region Halts Cryptocurrency Mining Operations appeared first on CryptoSlate.

2018-7-24 07:00


Ôîòî:

By Semptember Chinese Region Will Close “Illegal” Bitcoin Miners

China’s Xinjiang Uyghur autonomous region is set to eliminate “illegal” bitcoin mining operations by the end of August, a government agency has confirmed to CoinDesk. “Local utility agencies and companies will be held accountable if they failed to shut down ‘illegal’ bitcoin mining operations,” the EIC writes. He said: “I have two partners (in the region):

2018-7-23 18:21


Ôîòî:

‘Intense’ Bitmain Lobbying Forcing Smaller Bitcoin Miners Out of Quebec

A month after authorities in Quebec lifted a moratorium on allowing Bitcoin miners, local businesses have begun threatening to leave suspecting unfair policies. ‘Very Saddened’ In a series of tweets June 28, D-Central founder Jonathan Bertrand claimed that due to conflicting interests and agendas at government level, as well as an “intense lobbying effort” from the world’s largest mining corporation Bitmain, had left smaller participants “completely stunned.

2018-7-4 17:00


Ôîòî:

Bitcoin Hashrate Drops as China Floods Knock Out ‘Tens Of Thousands’ of Miners

Bitcoin network hashrate appeared to dip June 27, coinciding with reports floods in China had inundated and destroyed “tens of thousands” of miners.   Machines ‘Beyond Repair’ According to local Chinese media reports, the floods occurred principally in the country’s western Sichuan province, an area which accounts for around 70% of China’s mining output.

2018-7-1 19:00


Ôîòî:

Proposed Regulations Could Cause Major Shifts in Canadian Crypto Businesses

Canada’s government has released draft regulations for “virtual currencies” with a consultation period of 90 days, saying that proposed regulatory changes could mean a loss of $60 million over 10 years for businesses that deal in cryptocurrencies but will improve Canada’s international reputation and make it easier for crypto businesses to deal overseas.

2018-6-13 20:24