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Principal Fired After Using School’s Electricity to Secretly Mine Cryptocurrency

cryptocurrency

A school principal in Hunan province has been fired for creating a cryptocurrency mine operation in the school and raising the building’s electricity bills.

Lei Hua, a middle school principal in Chenzhou, purchased more than 10,000 yuan ($1,400) on equipment used to mine cryptocurrency. However, Hua did not realize that utility fees ran so high from running the equipment, and could not pay for them, according to Xinhua.