Siberia glassware factory to mine bitcoin

Largest manufacturer of glass in Russia is going to spend ₽11 mln to initiate the first stage
17 March 2018   1093

Glassware plant Ekran in Novosibirsk has announced its plans to take part in cryptocurrency activity and invest ₽11 mln into its own Bitcoin mining farm. Such decision was made due to the presence of surplus space and electricity resources. This situation became possible as several years ago Ekran industrial park was established around the factory's site, and the occupied territory in sum got enormous. And so, for instance main building of an unoccupied school that is within the plant's territory is set to be repurposed for housing all of the mining equipment.

We are going to build a farm that will be used for mining cryptocurrencies there. Already, we have spent about 11 million rubles on a phase of the project. The mining facility will become operational by year’s end if the board approves the project.

 

Pavel Boboshik

President of the board of directors, Ekran

The region of Siberia has a direct access to a profusion of energy resources that makes the electricity so cheap. The latter in turn makes the region a pretty attractive place for mining operations.

Chinese School Principals to Mine ETH At Work

School from Hunan Province suffered losses in the amount of $ 2,163
09 November 2018   122

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.