Chinese School Principals to Mine ETH At Work

School from Hunan Province suffered losses in the amount of $ 2,163
09 November 2018   1539

The director and the head teacher of the Chinese school from Hunan Province - Lei Hua and Won Tsipen - installed nine mining devices for Ethereum worth $ 7,000 right in the building of the educational institution. Because of this, for several months the school suffered losses in the amount of $ 2,163, reports CoinDesk.

Initially, Lei Hua installed the devices at home, but due to high electricity costs, he decided to move the mining farm to a school, where he carried out the theft of electricity.

Because of the secret mining from July to November, electricity consumption at school has almost doubled, and the speed of the IT network has also decreased. The school’s leadership initially suggested that this was due to the excessive use of air conditioners, but an investigation revealed that the cause was illegal mining.

The director, convicted of stealing electricity, was dismissed from his post and removed from his post in the Communist Party, while his assistant was reprimanded.

Bitmain's Antminer S19 & S19 Pro to be Available

Antminer S19 with a hash rate of 95 TH/s costs $ 2180, and Antminer S19 Pro with a hashrate of 110 TH/s is $ 2920
23 March 2020   317

Bitmain, the largest manufacturer of mining equipment, has announced the launch of sales of new Antminer S19 and S19 Pro devices.

So far, new equipment will be available only in China, but the Bitmain team has announced the imminent launch of international sales.

The price of Antminer S19 with a hash rate of 95 TH / s is $ 2,180, and the Antminer S19 Pro with a hashrate of 110 TH / s costs $ 2,920.

According to the iHodl portal, the first batch of miners has already been sold out and buyers should receive their devices from May 11 to May 20.