Each evening, âFelixâ sneaks into the computer suite at his university and starts up the machines. One by one, he runs a script on each computer and his âworkersâ begin solving complex algorithms.
You wouldnât know just by looking, but heâs making his own money â using his universityâs computers to mine dogecoin.
Felixâs story mirrors that of a Harvard researcher who used his universityâs supercomputer for dogecoin mining, earning himself a permanent ban from the computer and, presumably, a heck of a lot of coins in the process.
Like others who came onto the cryptocurrency scene late, Felix (not his real name), says he was gutted about âcompletely missing the bitcoin crazeâ. Mining dogecoin is his chance at getting on the gravy train while the price is low and riding it all the way to the moon â he hopes.
After giving his laptop a shot at mining dogecoin before Christmas, he returned to his university, Imperial College London, after the holidays with a plan: he would use rows upon rows of university computers as his personal mining pool. So far heâs managed to sneak under the radar, he says:
âIâve not had a single issue yet, so Iâve kept scaling up! It seems they donât have anything set up to bring attention to the fact Iâm maxing out the CPUs, which is nice.â
Felix mines using an online pool, meaning that his efforts are combined with others through a website. After installing a program on to each computer, their individual processing power is counted towards his single online account, allowing him to combine many computers with very little technical know-how.
Although he is able to dodge the Symantec security software guarding the computers for CPU mining, Felix says that he has been unable to utilise the graphic cards, which would allow him to tap into yet another level of computing power.
He hasnât tried to crack the graphics cardsâ defenses yet, as he doesnât want to draw attention to himself, so to-date heâs only had access to i7-2770k processors.
Itâs unclear what repercussions Felix would face if caught. Unlike the researcher who used Harvardâs supercomputer, Felix is mining with standard desktop computers used by students for coursework and browsing reddit, not in-demand research technology.
Running unauthorised scripts when everyoneâs gone home might irk the IT department, not to mention the electricity he has been burning, but itâs perhaps the least immoral tactic people have used to leverage large numbers of computers for mining without permission.
Other methods include infecting computers with malware that extorts money but also runs mining operations in the background.
The amount heâs mined so far is fairly modest: just 30,000 DOGE, which currently holds a value of just £20 ($33). His strategy is to build up a large stock of dogecoin and hope the price rises spectacularly as it did with bitcoin.
Buying himself a specialised miner is out of the question, says Felix:
âI donât find the cryptocurrency market stable enough to make real investments, at least for now, on a student budget.â
The ease with which mining operations can be set up, combined with the ready availability at universities of large amounts of computing power, suggest that Felix is by no means the only student mining in this way. Indeed, the Harvard supercomputer and Imperialâs computing suites may just be the tip of the iceberg.
Perhaps itâs even time the universities themselves got in on the game â what better way to fill the funding gap caused by government cuts than with Shiba Inu-branded digital currency? Sure beats raising tuition fees again.
Hacker image via Shutterstock