RIVERHEAD, N.Y. — A supervisor of data expertise for a New York county is accused of mining cryptocurrency from authorities places of work, costing the county authorities a minimum of $6,000 in electrical energy payments, prosecutors mentioned.
In line with prosecutors, Christopher Naples, 42, of Mattituck, hid 46 specialised units used to mine Bitcoin and different cryptocurrencies in six rooms within the Suffolk County Heart in Riverhead, The New York Times reported. Naples labored within the county clerk’s workplace as an assistant supervisor of data expertise operations, the newspaper reported.
Suffolk County District Lawyer Timothy Sini mentioned Naples is charged with counts together with public corruption, grand larceny, and pc trespass, in keeping with The Associated Press.
Naples, who has labored for Suffolk County since 2000, appeared in courtroom on Wednesday and was launched on his personal recognizance. His lawyer didn’t instantly reply to a request for remark, in keeping with the AP and the Times.
If convicted of the highest cost, Naples may withstand 15 years in jail, the Times reported.
“Mining cryptocurrency requires an unlimited quantity of assets, and miners need to navigate learn how to cowl all of these electrical energy and cooling prices,” Sini mentioned in a press release asserting the arrest. Naples “discovered a strategy to do it; sadly, it was on the backs of taxpayers,” Sini mentioned.
Mining cryptocurrencies, together with Bitcoin, is a sophisticated course of that’s on the coronary heart of the distinction between cryptocurrencies and conventional currencies, the Times reported.
Whereas conventional currencies are backed by the federal government, the worth of cryptocurrencies is assured by their community of customers, in keeping with the newspaper.
The method of mining cryptocurrency requires a considerable amount of electrical energy to energy the required units, the Times reported. The newspaper famous earlier this month that the quantity of electrical energy used on creating Bitcoin annually exceeds the quantity utilized by Finland.
Prosecutors mentioned that a minimum of 10 of Naples’ machines had been working since February, costing Suffolk County greater than $6,000, in keeping with the Times. Sini mentioned that quantity could possibly be way more since 36 different machines had been found, the newspaper reported.
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