Chinese School Principal Fired Over Illegally Mining Ethereum0.66

It is not uncommon for students to get crafty when they aim to mine cryptocurrencies. Some use the “free” electricity of their dorm to mine Ethereum and other altcoins. In China, one entire school seemingly had a secret Ethereum mining operation going for quite some time. Cheap electricity sparks a lot of interesting, albeit not always legitimate, business models moving forward.

No one will deny China has always been an awkward country when it comes to Bitcoin and other cryptocurrencies. The nation has maintained a trading ban on crypto-to-CNY for quite some time now. Although that caused some discrepancies in terms of Bitcoin’s price, the situation has become a thing of the past first and foremost. That ban doesn’t mean Chinese people don’t care about cryptocurrencies any longer, though.

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