Nadeam Nahas, 39, a former employee in Massachusetts, USA, has reportedly been charged with conducting cryptocurrency mining operations in a remote area of his local school.
According to court documents, he stole $17,500 worth of electricity to power a supercomputer.
exposure of crime
According to recent coverage, Nahas set up a cryptocurrency miner in the basement of Kohasset High School. Prosecutors claimed he vandalized the facility and that he stole $17,000 worth of electricity to power 11 computers. The machine is supposedly hidden in the crawl space next to the cooling system.
Police first spotted illegal activity in Naha City in December 2021. This is after the town superintendent discovers that many computers and wires have been misplaced. Law enforcement worked with local IT officials to determine that a 39-year-old man was using machines to perform cryptocurrency mining operations.
Cohasset Police Chief William Quigley also presumes that he connected his powerful computer to the school’s electrical network.
The Coast Guard Investigative Service and the Department of Homeland Security have removed the equipment, but a three-month back-to-back investigation reveals Nahas (who resigned in 2022) as the prime suspect in misconduct. I got
He was due to appear in court earlier this week but did not show up. The judge who led the case issued him a writ of default. That means the police are now looking for his whereabouts in order to bring him to justice.
Massachusetts has one of the highest energy prices
At the end of 2022, kWh in the region will be about 28 cents, with Hawaii, New Hampshire and Rhode Island being the only states charging higher rates. This may be one reason Massachusetts has not emerged as a Bitcoin mining hub.
Texas, on the other hand, has been brought together by relatively cheap electricity prices, vast territories, favorable climate conditions, and crypto-friendly authorities. Riot Blockchain and other industry leaders sit in Lone Star State.
This region is also Become It is an attractive destination for Chinese miners who have started relocating their operations after the Chinese government banned all cryptocurrency activity in 2021.
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