• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 22 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 5 days Does Toyota Know Something That We Don’t?
  • 5 days World could get rid of Putin and Russia but nobody is bold enough
  • 1 day America should go after China but it should be done in a wise way.
  • 7 days China is using Chinese Names of Cities on their Border with Russia.
  • 8 days Russian Officials Voice Concerns About Chinese-Funded Rail Line
  • 8 days OPINION: Putin’s Genocidal Myth A scholarly treatise on the thousands of years of Ukrainian history. RCW
  • 8 days CHINA Economy IMPLODING - Fastest Price Fall in 14 Years & Stock Market Crashes to 5 Year Low
  • 7 days CHINA Economy Disaster - Employee Shortages, Retirement Age, Birth Rate & Ageing Population
  • 8 days Putin and Xi Bet on the Global South
  • 8 days "(Another) Putin Critic 'Falls' Out Of Window, Dies"
  • 9 days United States LNG Exports Reach Third Place
  • 9 days Biden's $2 trillion Plan for Insfrastructure and Jobs
U.S. Aluminum Market Roiled by Closure of Major Smelter

U.S. Aluminum Market Roiled by Closure of Major Smelter

Aluminum prices experience a slight…

Canada’s Oil Majors Are Sitting Out The Energy M&A Wave

Canada’s Oil Majors Are Sitting Out The Energy M&A Wave

Experts are predicting that it’s…

Russian Scientists Caught Using Nuclear Supercomputer To Mine Bitcoin

A top-secret Russian nuclear facility has been caught trying to illicitly mine bitcoin, triggering several arrests at the confidential operation, according to a new report by RadioFreeEurope.

The Sarov facility’s security forces were notified of the illegal use of the supercomputer when it attempted to connect to the internet to add to the blockchain.

Nine people have been arrested in relation to the incident, according to Russia’s Federal Nuclear Center. "To our knowledge, a probe has been launched against the individuals," the press service later told the Interfax news agency. The facility, located in the western Russia, had previously been used to develop nuclear weapons for the Soviet Union during the Cold War.

In related news, two electric power stations in Russia were recently sold to a cryptocurrency miner looking to expand his operations—the latest sign that the country’s government-supported push to become a cryptocurrency mining hub has been successful, according to Zero Hedge.

Related: Nearly Half Of All Public Buses Will Be Electric By 2025

The two stations are situated in the Perm Region on the western slopes of the Middle Ural Mountains, and in the neighboring Republic of Udmurtia. The facilities will be used as data centers as well as housing for cryptocurrency mining equipment and a center for cryptocurrency mining.

After initially approaching cryptocurrencies with skepticism, the Russian government last summer signaled that it would instead try to regulate and embrace the markets. Russian Ministry of Finance recently directed the drafting of a bill to legalize the trading of cryptocurrencies on approved exchanges, according to Deputy Finance Minister Alexei Moiseev, who has indicated that the government is seeking to provide greater oversight. President Vladimir Putin has ordered the government to create legislation governing the status of bitcoin, other cryptocurrencies, mining, and initial coin offerings, as well as defining everything that relates to digital money, by July.

By Michael Kern for Oilprice.com

ADVERTISEMENT

More Top Reads From Oilprice.com:

 



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News