$7000 fine for using supercomputer to mine bitcoin

[magd 5231]

Although this man has penetrated the laws of his work but he is a smart person, Bitcoin mining on the computer is something that takes good preparation before starting. Everyone today is searching for Bitcoin and mining has become a passion for many.

[bentayebsalah 2280]

But how was it discovered that he was mining by using a quantum computer and I think he made a mistake?

[CryptoMaxim 3829]

Probably started mining on the computers of the company where he works. I wonder who issued the fine? Still I think a reprimand would be enough for the first time

[guatazoo 7150]

You can use to calculate with profitable calculator if mining with super computer will worth your investment.

Because the only thing that you have to look is, how much you mine per day, and how much electric cost you per day.

[jacker 1095]

$ 7000 is a large number, I think he violated the mining policy should have to bear penalties. a number big enough for him to be more careful and never relapse. I think it's obviously not a bad idea but it's not allowed

[Thekingcallme 1975]

Yes, people are doing anything in order to get bitcoin, as it is a very expensive and impressive currency, but they should not have used the company's devices or someone else because he would definitely discover that.

[Brand1 1336]

They deserve this fine because they are bleak with the use of others ’property without permission from them, knowing that mining may lead to the destruction of the computer. Thank you for this participation. I will enter the article and read it well.

[CryptoLover21 0]

Many peoples are going crazy for bitcoin mining. Even there is news where officer caught while mining bitcoin in the office. Mining bitcoin in the supercomputers can give them more profit easily.

[Zaino34 0]

This is really funny. Did they earn $ 7,000 through mining on this computer until they are fined with this amount while they are using other people s devices and this is illegal and unsafe even so this method should never be followed and we should only use our own devices

[Raqeebzy 6456]

Those are set of people that wants to mine/earn cryptocurrency without any form of sacrifice or investment. I believe the fine is worth it. Just last month, a similar situation where supercomputers around Europe was hacked and used for mining purpose and had to shut down because of that. People are much obsessed with illegal Crypto activities recently.

[pablomarwan 3082]

The ones who made the mistake had to check the mining laws they were bound to respect. Now they have to pay $ 7,000 for this without knowing them.
Such mistakes should be learned from it, or we may make an inspiration. Go down before making any move.
It is really unfortunate. The whole reason is the pure search for a method for mining bitcoin, since it has great value now.

[Yomose 3704]

On 2/16/2020 at 11:16 AM, Voida said:

That not much money to start a good business because it is good to make a good plan for a better achievement

That is just it, if you plan your mind rig very well, getting appropriate lines, calculating electricity cost and paying for cooler, you will be able to know if mining is profitable. Some countries are not mining friendly bat all. 

On 5/31/2020 at 9:40 PM, CryptoLover21 said:

Many peoples are going crazy for bitcoin mining. Even there is news where officer caught while mining bitcoin in the office. Mining bitcoin in the supercomputers can give them more profit easily.

It depends on how the supercomputer is built but I think it can not generated hashes like asics.

[FIA17 44]

I am sure that the profits greatly exceeded the fine of 7000$ as that is not even what 1 bitcoin is worth and with such power as a supercomputer would be I am sure many bitcoins would get mined in a very short period of time. I wonder how long their mining adventure lasted until someone noticed.

[AnetASk 98]

Hello everybody. Kinda interesting how they mined 7k$. 
If they used btc, how then they attracted halving? Huh, interesting.

[Wesamqasem 10]

Mining is accessible, but you need a farm and private electricity to mine, which is profitable but expensive

[makcim4 1305]

Interesting information, this is how I had the ingenuity of a young man to come up with the ability to access a computer every time. The race for virtual gold generates inventiveness in humans.

[ejgomez78 35]

in my opinion they did not use their heads. With a supercomputer and with the use permits I would have mined at least dogecoin which is easier to mine than bitcoin and then I would have exchanged it for another cryptocurrency of greater value

[orejamordda 44]

good afternoon,
When these things are done, the fines are falling, anyone knows that what is done is wrong,
taking advantage of state resources for personal sales should be fined
Greetings

[Maharba 237]

They try to take adventage of powerful equipment don't belong to none of them, that is a felony in any country, just a question in my mind, what kind of computers they handle to mine? couse the difficulty of many coins its real high this days, It worth the income to pay the cost of the sentene? for me is not a bussines, no gain, much pain and his name is now under politial records. so sad.

[Amanmsdk 54]

I can suggest you a best way to mine bitcoin more faster then a supercomputer. If you buy 3 bitminer with a total cast of 7000$. There are different types of bitminer in the market which have different speed with hashpower 

[rafatu 26]

oh $7k is way too much' how much do you even mine this days that mining generates loss than profit. but i understand he was penalized for using office pc and resources.

[larryspacca 39]

how many BTC can a super computer mine? what hash rate is it?

[rocki 319]

On 9/29/2019 at 6:53 AM, Consignee said:

A guy namely Danis Baykov and two of his colleagues have mined bitcoin from a computer of their official. Later, the guy have been sentenced $7000 fine for ding that illegally using official components for personal uses. Interesting. People are being crazy at bitcoin these days.

News source- https://decrypt.co/9751/man-fined-for-using-russian-supercomputer-to-mine-crypto

There will always be people who will want to earn at someone else's expense. People steal because they want to get rich quickly and there is no greater ideology here. And the fact that they decide to do this is due to certain personality predispositions.

[Gabriels100 157]

Well, if it is something that is not right, they are not our resources and you have to be ethical and do things with principles. Even so, I think that the fine is an excess, it is clear that there should be a corrective for the person but also I do not know what they were based on to apply the sentence.

[Authority 630]

7000$ with this quantity he may well acquire two or three miner lawfully mining bitcoin and assembly satisfactory profits but nearly fill are what's more idiotic or be partial to to pilfer in their blood and don't thought about the cost.