Categories: Mining

Student dormitories have become the second largest cryptocurrency mining after energy companies

Student dormitories have become the second largest cryptocurrency mining after energy companies.

In terms of the volume of virtual currency mining, college dormitories are in second place after energy and utility companies. These findings were published by researchers at Tech cоnglomerate Cisco, in their report, which is referenced by the media.
According to researchers, the volume of cryptocurrency mining in hostels is increasing, most likely because students have constant access to free electricity. Student dormitories account for approximately 22% of mining traffic. 35% of mining traffic is controlled by energy companies, while holding leading positions.

From the report, it also became known that the following are also involved in the mining of cryptocurrency: the sphere of finance and industry; the sphere of mass media; state structures.

The experts were not surprised that college dormitories are in second place in terms of the production of virtual currencies, since students who live in college dorms, for the most part, do not pay for electricity at all. This pushes young people towards mining and making good money.

Cisco expert O. McBride noted:

“Leaving the equipment in your dorm room and working, after 4 years, graduating from college, you change your life for the better.”

  • Note that in their report, analysts from Diar reported that mining income fell to the level of mid-2017.

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