Located in Sarov, Russia, the top-secret laboratory was where the first Soviet nuclear bombs were manufactured in the late 1940s. It remains home to some of Russia’s most powerful computers.

As reported within a Moscow Time periods   Tuesday, Bliktis Baykov was handed currently the penalty by a jurisdictional city court for accessing the exact lab’s supercomputer to in ways not according to the law mine the world’s great cryptocurrency by market value.

One of three scientists caught illegally bitcoin mining for the Russian nuclear lab might fined 450, 000 rubles, or $7, 000.

The mining trio was first exposed last February and promptly handed over to the Federal Security Service.

Using the proof-of-work consensus mechanism, bitcoin harnesses miners to record transactions and secure the the blockchain with powerful energy-intensive computers. Mining power is measured in hashes per second.

According to today’s report, Baykov, along with the two other lab employees, used specially designed pc software to mask mining on the lab’s computer, that may conduct transactions up to 1, 000 trillion operations per second, or one petaflop. Hashes per second do not translate into operations per second, however.

With the price of bitcoin sitting around $8, 000 per coin, one of the three employee’s lawyers, Alexei Kovalyov, hinted at the fine being very small compared to the probable payoff:

“I can say one thing without a doubt: they were not detained on the first day they began to mine. ”

Court verdicts for the other two scientists haven’t yet been reached.

Leave a Reply

Your email address will not be published.