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Bitcoin crypto-mining operation uncovered at Polish police headquarters

July 30, 2021
in breaking news today
Reading Time: 4 mins read
2b544e07e15d09df96c7954cc55bb63e – TodayHeadline


Polish police say they have uncovered a bitcoin mining operation in their own headquarters in Warsaw.

Key points:

  • A police spokesperson said that the alleged crime had been discovered “quite quickly” but did not give a precise timeline
  • Local media said the employee had been fired and prosecutors were investigating
  • Crypto-mining — the process by which computers mint new virtual currency and validate transactions — requires vast amounts of energy

Police spokesman Mariusz Ciarka told Polish news channel TVN24 that a civilian employee — not a police officer — “attempted to steal electricity to mine bitcoin”.

“Unfortunately this happened at a police site,” Mr Ciarka said, emphasising that at no stage did the suspect have access to police databases.

Mr Ciarka added that the alleged crime had been discovered “quite quickly” but did not give a precise timeline.

TVN24 said the employee had been fired and prosecutors were investigating.

Bitcoin’s China ‘death cross’

Representation of the Bitcoin cryptocurrency is seen with Chinese flag in the background.

An intensifying Chinese regulatory crackdown sends bitcoin and other major cryptocurrencies into a renewed price dive.

Read more

The report said a second person would also be fired over the investigation.

Crypto-mining — the process by which computers mint new virtual currency and validate transactions — requires vast amounts of energy and processing power.

The process typically involves large numbers of sophisticated computers that form a specially designed “rig” that runs the complex calculations required to maintain a cryptocurrency network.

While energy-hungry, the process can be lucrative with each bitcoin currently worth more than 32,600 euros ($52,000).

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Play Video. Duration: 4 minutes 49 seconds

The high environmental cost of mining cryptocurrency, video streaming and sending emails

AFP

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