Crypto Currency Mining

Key Points:
  • Crypto currencies are alternative digital currencies that must be "mined". Bitcoin is an example of a crypto currency.
  • Using Emory resources to mine crypto currencies is against Emory policy and could result in disciplinary action.
In recent years, alternative digital currencies, called crypto currencies or crypto coins, have become popular alternatives to government backed currencies, such as the Dollar, Euro, Yen, etc. Crypto currencies such as Bitcoin, Ethereum, Litecoin, and Monero, have sky-rocketed in value over the last several years, leading a number of people to invest in these alternative currencies. Crypto coins must be "mined" with special computer software or hardware, the digital equivalent of digging for precious metals. 

Recently, there has been an increase in instances of crypto currencies being mined using Emory computing resources. This activity is explicitly forbidden by Emory's IT Conditions of Use policy, which states: "IT resources are not to be used for private financial gain or for supporting non-Emory related businesses." 

If you are currently involved in crypto currency mining with Emory owned resources (such as computers or servers), you must immediately cease doing so, and remove the software. Failure to do so may result in disciplinary action being taken. Crypto currency mining uses computing resources in a manner that they were not intended for, and potentially presents an information security risk to other systems.