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Australian Government Employee Charged With Mining Crypto at Work

Australian government employee charged with mining crypto at work

Australian Government Employee Charged With Mining Crypto at Work

Australian government employee charged with mining crypto at work

A 33-year-old Australian government employee has been charged after he was caught mining cryptocurrency at work.

In a media release Tuesday, the Australian Federal Police (AFP) alleged that the IT contractor from the Sydney suburb of Killara had modified government computer systems to mine cryptocurrency worth over AU$9,000 (US$6,184) for his own gain.

The unnamed man will attend a local court today over two charges – unauthorized modification of data to cause impairment and unauthorized modification of restricted data – under the country’s Criminal Code Act, according to the AFP.

Last year, AFP police officers seized a laptop, phone, employee ID cards and data files in a raid conducted at the contractor’s home.

The charges carry a maximum penalty of 10 years imprisonment and two years imprisonment, respectively.

Chris Goldsmid, AFP acting commander and manager of cybercrime operations, described the alleged crime as “very serious,” explaining:

“Australian taxpayers put their trust in public officials to perform vital roles for our community with the utmost integrity. Any alleged criminal conduct which betrays this trust for personal gain will be investigated and prosecuted.”

The news marks just the latest instance of employees who have got in hot water for mining cryptos at work.

To cite just a few, in 2017, a former employee of the Federal Reserve Board of Directors was also fined $5,000 and put on probation after being caught mining bitcoins on a server owned by the U.S. central bank.

Nuclear scientists at a Russian weapons research facility were charged for the same crime last February. And, last November, two school principals in China were caught stealing power from their institution to mine the cryptocurrency ether.

Australian police image via Shutterstock

Published at Tue, 21 May 2019 10:00:29 +0000

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NotNicehash is a Bitcoin Cash-only “Clone” of Nicehash

If there is one thing to take away from the Nicehash hack, it is how cryptocurrency mining marketplaces are very popular Although Nicehash successfully returned earlier this week, there’s a need for alternatives. One bitcoin Cash community member has launched such a service, although it’s still in the early stages. Known as NotNicehash, it will be pretty interesting to see how this platform fares. The only accepted payment method for this platform is BCH, which isn’t a big surprise.

Imitation is often the most sincere form of flattery. In the case of cryptocurrency mining marketplaces, Notnicehash has certainly looked closely at competing services. The concept is almost identical, although the layout is very different. That is a good thing, mind you, although not everyone will be a fan of it.  The bright colors certainly make things a lot clearer for everyone to see, though.

A Nicehash Clone to Promote bitcoin Cash

The main reason this platform is created is to promote Bitcoin Cash. All payments need to be made in BCH. Payouts will occur on a daily basis, with BCH being the obvious main option. Given the success of bitcoin Cash in recent months, such a platform can be quite profitable. For now, Notnicehash is still in closed beta. An official launch date has not been announced as of yet.

Whether or not people will show an interest in this Nicehash “clone”, remains to be seen. It is evident the BCH community wants to get more people excited about this currency. Moreover, plenty of people have mining farms they don’t use themselves. Being able to accept BCH payments is an option worth looking into. Especially for those people who believe bitcoin Cash will eventually replace bitcoin. The jury is still out on that front, yet it remains a possibility.

The big question is how Notnicehash will fare in terms of security. After all, Nicehash was hacked not too long ago. In the process, the company lost over $70m worth of customer funds. This money will eventually be refunded, yet it paints a worrisome picture as well. If this clone wants to avoid those issues, there may be a lot more work to be done. For now, we will have to wait and see if there is a genuine interest in the project. It would certainly help shake things up quite a bit.

Header image courtesy of Shutterstock

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