Published On: Sun, Apr 15th, 2018

Workers Are Stealing Their Employers’ Power to Mine Bitcoin

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Some reports claim that employers steal $15 billion from their employees annually by refusing to pay overtime or misclassifying workers. Now, employees are turning the tables and stealing their employers’ computing power to mine bitcoin.
What’s Yours is Mine
Mining bitcoin is a costly endeavor — so why not put those costs on your company’s electric bill?
According to Nicole Eagan, CEO of cybersecurity company Darktrace, that’s exactly what thousands of employees are doing. The number of workers siphoning their employers’ computing power to mine bitcoin is on the rise, she told those in attendance at the Wall Street Journal’s CEO Council event, stating:
We have seen 1,000 crypto-mining cases in the last six months in the US alone with employees taking over company infrastructure for crypto mining. This is becoming a big problem.
A big problem for the companies, maybe.
Mining bitcoin and other cryptocurrencies require a tremendous amount of computing power to offset energy costs, making it difficult for your average everyday person to turn a profit. However, if you’re not the one paying those energy bills, that’s a horse of a different color — and …

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