An unnamed Ivy League student has had all computer privileges revoked after being caught using Harvard research network in coin mining operation.
The prospect of financial gain from Bitcoin and it’s derivatives makes cryptocurrency increasingly popular. This also gives rise to demand for souped-up mining rigs - evolved desktop systems with stacked CPUs and graphics processors dedicated to the single task of acquiring coins
It makes sense then that one pioneering Harvard student would employ the university's Odyssey research network for coin mining. The prestige supercomputer currently runs 14,000 core processors and has previously made it into the top 500 supercomputers list.
The message from Harvard on the matter was clear, an email which made it to Reddit stated, 'any participation in "Klondike" style digital mining operations or contests for profit requiring Harvard owned assets to examine digital currency key strength and length are strictly prohibited for fairly obvious reasons. In fact, any activities using our shared resources for any non scientific purpose that results or does not actually result in personal gain are also clearly and explicitly denied.'
An open-source cryptocurrency, Dogecoin takes it's name from internet Doge Memes. Based on the Litecoin format, which are slightly faster to mine than Bitcoin, one Dogecoin, at the time of writing equates to 0.0006 pence or 0.0010 cents.
A large risk to take for such low perceived gain. Yet, as the infamy of Bitcoin illustrates, volatile cryptocurrencies can sky-rocket.and waves of copy-cat coin formats have arisen as a result.
image: © Taro