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United States: Government employee used public electricity to mine crypto

Zachary Pearce by Zachary Pearce
September 10, 2021
in Cryptocurrency
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United States: Government employee used public electricity to mine crypto
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Christopher Naples, supervisor of IT operations at the New York State Chancellor’s Office of Suffolk County, allegedly used his position to install mining equipment at various locations in the city of Riverhead.

According to reported by AP News, Naples would have installed 46 mining devices “in places such as unused electrical wall panels or under floorboards.“

Cryptocurrency mining is an expensive activity, both in terms of the state-of-the-art hardware required and the electricity needed to power those machines. This equipment also generates significant amounts of heat that must somehow be dissipated, further increasing costs.

Timothy Sini, Suffolk County District Attorney, commented on the incident:

“Mining cryptocurrencies requires huge amounts of resources – it’s not at all easy for a miner to cover the costs of electricity and cooling. [Naples] he found a way to do it, but behind the taxpayers’ backs. “

Illegal mining conducted by Naples would be cost Suffolk County over $ 6,000 worth of electricity. The former supervisor will now face a number of charges, including aggravated theft, and could face a conviction up to 15 years in prison.

On Wednesday, during a meeting with the press, Sini he has declared:

“We will not tolerate County employees, who are already on the public payroll, stealing taxpayers’ money and illegally using government resources for their own personal gain.”


Risk Disclosure: The articles and articles on Arover.net do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies.

Tags: CryptoelectricityemployeeGovernmentpublicStatesUnited
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