Bitcoins Mined Using US National Agency illegally

Published By : 10 Jun 2014 | Published By : QYRESEARCH

A researcher working for the U.S. national agency has been found using supercomputers to extract bitcoins at two universities.

Bitcoin is a digital currency which is used to perform transactions without having to use a central bank. Bitcoin was created in 2009 by an unknown person using the alias of Satoshi Nakamoto. The growing popularity of digital currency has been a cause of worry for many officials around the world.

A report by the National Science Foundation recently revealed that more than eight thousand dollars worth of bitcoins were generated using NSF-funded machines. NSF has taken action and suspended this person.

When questioned, the researcher informed that he was conducting tests. Two universities which have not yet been indentified said that unauthorized use of their machines took place.

The researcher had used remote access to mine bitcoins and had attempted to cover his tracks. But, both the universities have reported that the culprit had accessed their computers remotely and must have used one supercomputer using a mirror site based in Europe.

A similar incident took place during February this year when a Harvard researcher had tried mining bitcoin derivate known as dogecoin. The culprit was caught using Harvard’s high-powered network cluster called Odyssey, which is capable of harnessing the power of thousands of core CPUs.
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