A South Korean executive at a major corporate group has been operating an Ethereum (ETH) mining rig “non-stop for three years” and using illegally supplied electricity.
MBN reported that the unnamed executive is head of faculty management for “one of the five largest business groups” in the country. According to data from the Fair Trade Commission, South Korea’s largest business groups are: samsung, SK, hyundai car, LGWhen Lotte.
The executive reportedly earned $30,000 worth of ETH by operating a mining machine at the company’s facility he was in charge of, and later adding a second machine to his operation. He began mining operations in 2019 and, according to the company, used US$3,500 worth of electricity to power the machine, which ran “24/7” until it was finally found in May. was doing.
The illegal operation turned into a “controversy” as the facility’s engineers began to suffer as a result of the “noise and heat” the rig produced in the workshop. The news outlet said many workers at the facility “failed to renew their contracts this year.”
One engineer was quoted as saying the cacophony and heat were “huge”, with indoor temperatures reaching 40°C.
The same engineer, who said his contract had not been renewed, claimed to have reported the executive to “investigating authorities” and even though the decision to leave was his, “it still feels like a layoff.” complained.
A company official said it was “clearly wrong to operate cryptocurrency mining machines” on company premises and that “the amount of power illegally used” was “not material.”
And it looks like the executive’s cheating didn’t end with his covert ETH mining efforts. The company admitted that executives had secretly “built a private indoor golf driving range at the management facility,” where they practiced golfing techniques “late into the night.” It was also a source of noise that disturbed the employees who were trying to rest at home.
CCTV footage released by news agency Yonhap also showed the executive mowing grass from the company’s lawn and loading it into a car. The executive then reportedly replanted the stolen grass in his home garden.
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