A disgraced Hungarian government official has resigned from his post after authorities have caught him stealing electricity from his office to mine bitcoin.
Thomas Borka-Saxon was a municipal representative of the Democratic Party (DK) in Budapest, which is the capital of Hungary. The police seized his bitcoin mining equipment at his office in Elizabethtown. When he got caught red-handed, he immediately resigned from his post and left his political party.
Péter Niedermüller, mayor of the said locality, took his dismay to his Facebook account, saying that he could “hardly breathe” after hearing the news.
Niedermüller’s post, originally written in Hungarian, read,
A party partner we [have] work[ed] with in the local government campaign since last summer, and after the election victory in the local government, he let me down badly. Or maybe I should put it even stronger than this. He betrayed me.
Bitcoin mining has become an even more rigorous affair lately, especially that the network’s hash rate has reached a soaring 144 exahashes per second (EH/s). Many small miners have given up on the competition, leaving the ones with the most resources to dominate the market.
Borka-Saxon’s case is not the first of its kind. In October last year, three Russian nuclear scientists were arrested after officials found out that they were using supercomputers at a secret laboratory in Sarov to mine bitcoin. This was at the same laboratory which produced the former USSR’s first nuclear bomb.
Nevertheless, Niedermüller lectured that Saxon’s position meant that he should have “moral commitment,” which means that he should have held his position in good faith and character.