Nuclear power plant staff ‘risked state secrets by mining Bitcoin’

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And some staff members of the National Guard of Ukraine – a military police force charged with take care of the South Ukrainian Nuclear Power Plant – are reportedly among those detained. Policewomen from state security agency seized graphics cards, coolers and other appurtenances used for mining from one section of the plant. Cryptocurrencies like bitcoin can be “mined” utilizing high-powered computers to solve incredibly complex maths problems. When computers crack these complex questions, they produce new bitcoin.

On top of this, miners prepare crypto payment networks more secure by verifying transaction data by solving these maths problems.

The process consumes vast amounts of power, deliver the goods a succeeding the process unviable unless miners have access to cheap fervency.

Earlier this year German police arrested three people fancied of stealing energy worth $248,844 to mine cryptocurrency.

A task cogency raided eight properties in Klingenthal and found a network of 49 computers illegally caught up to the power grid, Freie Presse reported.

A group of five men and one handmaiden are believed to have mined Bitcoin and other cryptocurrency for two years.

The bush consumed as much electricity as 30 households, officers added, and the atypical power consumption pattern was what sparked the probe.

• Coin Rivet is a website put oning news, information, analysis, opinion and insight from the fast-moving blockchain life.

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