Japanese Man Secretly Uses the Company’s Free Electricity to Mine Ethereum
Some have found an alternative to get in possession of cryptocurrency. Daily SPA, a Japanese media outlet, has reported on a Japanese man using his company dormitory’s free electricity to mine cryptocurrencies without asking permission.
he man who was reported for unauthorized use of free electricity provided by his company’s dormitory Sora-san told Daily SPA that: “Virtual currencies are processed cryptographically. He continued explaining that "If you mine Bitcoin, you can process 12.5 bitcoins in 10 minutes, which would be the equivalent of 10 million yen, (US$ 90,000). If you mine Ether, you can make 3 ether worth 200,000 yen (US$ 1,800) in 10 minutes.” he added.
However, Sora tried to make profits on the benefits provided by his company. Respectively, he used the electric power for which he did not pay anything in order to cut the standard costs of mining activities in Japan.
Right now, Sora can mine 0.8 ether in a month. Once converted into fiat, he makes 50,000 yen ($500) as a secondary monthly income. “Once it’s set up, I don’t need to do anything, I just let the machine run on its own. It’s really a ‘free’ income,” Sora claimed.
Sora-san installed the mining equipment in his dormitory provided by factory’s employer in January 2018. Before he started to mine, the Japanese man assured the maximum amount of electricity that could be used for free without being identified. With the help of a colleague, he acquired the necessary equipment and installed it to work nonstop. “I was worried that the dorm manager would notice it, but I was able to figure out the amount of usable watts.” According to Sora’s calculations, consumption would have cost him over 20,000 yen ($ 200).
“Now that I found out that I can mine in my room, I am planning to extend installing miners in the rooms of my close colleagues,” he said, laughing. Because the company dormitory includes 100 employees, even if the electricity bill rises a little, it won’t get noticed, Sora believes.
What do you think of this man mining in his dorm room in Japan? Let us know in the comments section below.!