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Harvard Resources Misused for ‘Dogecoin’ Mining Operation

 
Anonymous Coward
User ID: 54596642
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02/23/2014 09:55 AM
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Harvard Resources Misused for ‘Dogecoin’ Mining Operation
scheming


A member of the Harvard community was stripped of his or her access to the University’s research computing facilities last week after setting up a “dogecoin” mining operation using a Harvard research network, according to an internal email circulated by Faculty of Arts and Sciences Research Computing officials.

Dogecoin, a virtual currency which functions similarly to Bitcoin, is a decentralized digital currency that can be “mined” with sophisticated computer algorithms. The individual in question allegedly utilized the high-powered network that Harvard calls the “Odyssey cluster” to collect the coins.

The timing of the alleged mining coincided with an anticipated price fluctuation in the dogecoin market, according to Timothy R. Peterson, a postdoctoral fellow in the Molecular and Cellular Biology Department.

Peterson, who invests in dogecoin himself, said half of all dogecoins on the market were mined by last week, initiating a process called “halving.” When half of the total number of coins are mined, the reward for mining goes down, and with it the incentive to mine. Thus, Peterson said, the price of the dogecoin was expected to double shortly after the half-way benchmark.

[link to www.thecrimson.com]

drevil
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02/23/2014 10:10 AM
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Re: Harvard Resources Misused for ‘Dogecoin’ Mining Operation
College kids misbehaving, who'da thunk it?
Anonymous Coward
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02/23/2014 10:11 AM
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Re: Harvard Resources Misused for ‘Dogecoin’ Mining Operation
^ This Link [link to www.thecrimson.com]
Anonymous Coward (OP)
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02/23/2014 10:26 AM
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Re: Harvard Resources Misused for ‘Dogecoin’ Mining Operation
 Quoting: Anonymous Coward 54626218


hf





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