{"id":238595,"date":"2019-09-30T05:06:01","date_gmt":"2019-09-30T09:06:01","guid":{"rendered":"http:\/\/insidebitcoins.com\/?p=238595"},"modified":"2024-05-31T15:28:46","modified_gmt":"2024-05-31T15:28:46","slug":"russian-bitcoin-miner-fined-7000-for-running-an-illegal-operation","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/russian-bitcoin-miner-fined-7000-for-running-an-illegal-operation","title":{"rendered":"Russian Bitcoin Miner Fined $7,000 for Running an Illegal Operation"},"content":{"rendered":"

Denis Baykov, a Russian man who recently worked at a nuclear warhead facility owned by the government, has been\u00a0<\/span>fined<\/span><\/a>\u00a0by the authorities for running an illegal Bitcoin mining operation at his place of work.\u00a0<\/span><\/p>\n

According to an announcement from a Russian court last week, Baykov and two other employees were caught last February while attempting to mine Bitcoin at the All-Russian Scientific Research Institute of Experimental Physics in Sarov, Nizhny Novgorod Region, a Stalin-era nuclear facility where the first atomic warhead for the Soviet Union was reported to have been developed.\u00a0<\/span><\/p>\n

Gunning for the big fish<\/span><\/h2>\n

Reports revealed that the men were apprehended last year while trying to mine Bitcoin with the use of a computer in the facility. They were accused of violating their employee rights by trying to take advantage of certain benefits, including an abundance of electricity and the facility’s supercomputer; which, according to multiple reports, was powered by a system running on one petaflop (the equivalent of 1,000 trillion transactions per second).\u00a0<\/span><\/p>\n