Bitcoin mining encryption operation discovered at Polish police headquarters

Bitcoin mining encryption operation discovered at Polish police headquarters

An intensifying Chinese regulatory crackdown sends bitcoin and other major cryptocurrencies into a renewed price dive. Bitcoin’s China ‘death cross’ Read more

Mr Ciarka added that the alleged crime had been discovered “quite quickly” but did not give a precise timeline. “Unfortunately this happened at a police site,” Mr Ciarka said, emphasising that at no stage did the suspect have access to police databases.

TVN24 said the employee had been fired and prosecutors were investigating. Police spokesman Mariusz Ciarka told Polish news channel TVN24 that a civilian employee — not a police officer — “attempted to steal electricity to mine bitcoin”.

While energy-hungry, the process can be lucrative with each bitcoin currently worth more than 32,600 euros ($52,000). Space to play or pause, M to mute, left and right arrows to seek, up and down arrows for volume.WatchDuration: 4 minutes 49 seconds4m 49s The high environmental cost of mining cryptocurrency, video streaming and sending emails The process typically involves large numbers of sophisticated computers that form a specially designed “rig” that runs the complex calculations required to maintain a cryptocurrency network.

Crypto-mining — the process by which computers mint new virtual currency and validate transactions — requires vast amounts of energy and processing power. The report said a second person would also be fired over the investigation.

The News Highlights

  • Bitcoin mining encryption operation discovered at Polish police headquarters
  • Check the latest News news updates and information about business, finance and more.
Disclaimer: If you need to edit or update this news from compsmag then kindly contact us Learn more

For Latest News Follow us on Google News


Latest Headlines
  • Show all
  • Trending News
  • Popular By week
Bitcoin Extends Fall Amid Global Liquidation As Stocks Stumble
Bitcoin Extends Fall Amid Global Liquidation As Stocks Stumble
Story continues Meanwhile, El Salvador’s President Nayib Bukele said the country had “bought the dip,” in Bitcoin, adding 150 tokens to raise its total ...
Apply for Atlanta Emergency Rental Assistance Money While You Can
Pac-12, SWAC forms basketball partnership
As part of the partnership, student-athletes will participate in social justice and antiracism educational components as part of the games. The programming ...
COVID-19 records fall again in Missoula county
COVID-19 records fall again in Missoula county
“The data are clear and the data show this latest wave is hitting communities with low vaccination levels. We’re proud that Missoula County has the highest ...
In the midst of a submarine contract squabble, Biden demands a phone chat with Macron
In the midst of a submarine contract squabble, Biden demands a phone chat with Macron
A diplomatic rift emerged between Washington and Paris over the announcement that the United States and Britain will support Australia to develop ...
Changing tunes is a breeze with this Android status bar app
Changing tunes is a breeze with this Android status bar app
Thankfully, I found this nifty Android app called Media Bar that lets me do that directly from the status bar, without having to change screens or swipe the ...
EO Charging Bolsters Business Development Team With Key Executive Recruits to Further Drive International Growth
EO Charging Bolsters Business Development Team With Key Executive Recruits to Further Drive International Growth
The new additions to EO’s specialist sales team will be instrumental in helping the business continue its global expansion and have been given core areas of ...
MECA phone service is down due to an AT&T outage
MECA phone service is down due to an AT&T outage
Karen Blevins, the Director of the Office of Emergency Management who oversees MECA said when the loss occurred about 11 a.m., AT&T was immediately ...
Cohen Veterans Bioscience presents Voices of Veterans webinar to mark 'Mental Health Action Day' on May 20, 2021 |  national news
COVID-19: Status Update – 730,099 cases, 13,558 deaths
Across Acadiana, there were 162 new cases and 24 new deaths reported since Monday. 1,239 individuals are hospitalized with COVID across the state (down 37 ...
‘Family Guy’ Characters Star In Covid Vaccine PSA
‘Family Guy’ Characters Star In Covid Vaccine PSA
“With millions of Americans still unsure about getting vaccinated against COVID-19, it’s more important than ever that we have smart, informative and ...
New MacBook Air, AirPods Pro and iPad Pro expected to release next year
New MacBook Air, AirPods Pro and iPad Pro expected to release next year
So anyone thinking of getting a new laptop of Apple-branded earbuds may wish to hold fire, unless your interested in the likes of the MacBook Pro 2021, ...
Show next
Compsmag - Latest News from tech, business and health
Logo