Two engineers for Russian Metro system beneath investigation after covertly stealing electrical energy to mine CRYPTOCURRENCY at work

The chief engineer of a Russian Metro system has handed in his resignation after being caught utilizing the subway’s electrical energy grid substation to mine for bitcoin, consuming hundreds of {dollars} of power on the firm’s expense.

That’s in response to MUP Metroelectrotrans, the corporate that powers the Kazan Metro. Kazan is the capital of Tatarstan, a metropolis round 800km (500 miles) east of Moscow.

The resignation comes after a report on Thursday from the Tatarstan Investigative Committee, which revealed that it had opened a felony case towards two workers of the Metro for abuse of official powers. They are suspected of unauthorized set up of cryptocurrency mining tools at an influence substation, consuming electrical energy value 352,000 rubles ($4,700).

Also on Putin indicators legislation legalizing Bitcoin & different cryptocurrencies, lifting them out of Russian authorized ‘grey-zone’

They have each admitted to the crime, it was reported.

Cryptocurrency mining makes use of electrical energy and high-powered computer systems to unravel computational math issues. The options are so advanced that they’re inconceivable to be solved by hand and would even be troublesome for normal computer systems to efficiently full.

Once an issue is solved, the pc proprietor is rewarded with a cryptocurrency coin, resembling bitcoin. The two Kazan Metro workers have been discovered to be stealing electrical energy for his or her high-powered gadgets, and so they, due to this fact, might have probably made some huge cash.

While bitcoin just isn’t authorized tender in Russia, a invoice signed by President Vladimir Putin final summer season allowed for cryptocurrency property to be counted on a par with bodily property, enabling Russian residents to legally personal digital cash from the beginning of 2021. Before then, currencies resembling bitcoin have been in a authorized ‘grey zone,’ having been neither legalized nor prohibited.

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