Last month, reports surfaced on crypto mining research conducted by tech conglomerate Cisco (NASDAQ:CSCO) with the following headline: “College kids are using campus electricity to mine crypto.”
Indeed, many students don’t have to worry about paying power bills, as per their university housing contracts, which tend to cover electricity expenses. That “free” power allows them to host cost-efficient mining rigs, where the only expense is the actual hardware. It almost seems too good to be true: Mining students receive a passive income, which can potentially cover the purchase of a few textbooks — or even pay for the whole semester and more.
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