Herman Graffoto: Grigory Sysoev / RIA Novosti
Employees of the savings Bank are engaged in the mining of cryptocurrencies in the workplace, said the Chairman of the Board of the state Bank German Gref. On Wednesday, February 7, reports “Interfax”.
“We often catch our staff that our equipment are mining,” said Gref, adding that he personally mining cryptocurrency uninteresting because it’s “business simple.”
According to the head of the savings Bank, he can call “a dozen other investment with higher yield”.
In November 2017, the Bank admitted in media buying video cards for the artificial intelligence lab, which, as argued in organization has led to shortages of equipment. In the summer of that year, the Russian electronics stores recorded a shortage of cards due to the popularity of mining.
Gref has repeatedly said that he has “a certain number of bitcoins”, but this, according to him, not investments with the aim of earnings, and experiment.
Mining represents the calculations on the computer to create new blocks for networks of cryptocurrencies, in particular bitcoin. For each block, the miner receives a reward in the form of digital currency. The complexity of the calculations requires a lot of computing capacity and energy consumption.
In 2017 for mining bitcoin and the second largest cryptocurrency — Ethereum — in total took more electricity than it spent some countries, such as Israel or Greece.
Video, photo All from Russia.