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A former school employee in Cohassett, Massachusetts, faces criminal charges after investigators discovered a “cryptocurrency mining operation” under a building. It has been accused of misuse and vandalism. An arrest warrant was issued for his failure to appear in court.
Fox 25 in Boston The superintendent of Cohasset Middle/High School discovered the installation in December 2021 and reportedly alerted police to unusual wiring and ducting in a small crawl space under the building. Detectives discover that the school’s electrical system was illegally connected to a cryptocurrency mining business.
Cryptocurrency mining is the process of creating digital currencies like Bitcoin. Transactions are verified on a decentralized digital network called blockchain. Rather than relying on central authorities such as banks to manage transactions, blockchain uses a distributed network of computers to verify and maintain a secure and transparent record of every transaction. The mining process requires computers to solve complex mathematical problems using special hardware and software. Miners race to solve these problems, and the first miner to find a solution receives new cryptocurrencies and transaction fees from verified transactions.
The problem with the environment and the Cohasset school system (in this case) is that mining requires a lot of computational power. This means high power usage which generates a lot of heat. Miners on board have to invest in specialized equipment and pay those high electricity bills.
After consulting with the town’s IT director, investigators, and members of the U.S. Coast Guard Investigative Service, Homeland Security removed the equipment for forensic examination.
after what glove Police reportedly identified Nadeam Nahas as a suspect in a three-month investigation. A former Cohasset assistant facility director, Nahas stepped down from town officials in early 2022.