Ethereum prices have plunged over 70 per cent from their peak in February. Photo: Reuters

Chinese headmaster fired after stealing school’s electricity to mine cryptocurrencies

  • Eight ethereum mining machines were deployed at the school for about a year, racking up an electricity bill of US$2,120
Topic |   Bitcoin

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Ethereum prices have plunged over 70 per cent from their peak in February. Photo: Reuters
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Zheping Huang

Zheping Huang

Zheping is a technology reporter covering cryptocurrency, blockchain and gaming for the South China Morning Post. He is a contributor to Inkstone. Previously he wrote about China for Quartz.