Headline August 16, 2018/ '' ' STUDENTS -CRYPTO- STUNNERS' ''

'' ' STUDENTS -CRYPTO- STUNNERS' ''

STUDENT CINES IS NOT ALONE...............

Vectra did study of mining on 11 college campuses and found instances on mining at every school. In fact, the universities were seeing students set up mining operations between one to four times every day. 

The new miners : wave of cryptocurrency mining at colleges, businesses raise huge hacking concerns.

IT WAS the first day of freshmen year at Penn State's State College campus, and along with bed sheets, clothing and books -

Patrick Cines had an unusual looking computer. He did not plan to write term papers or do research  on it. Instead, Cines planned on using it to make money while he was not experiencing campus life.

''I had basically a box, maybe a foot and half by a foot and a half tall. It was sitting in, right at the foot of my bed. Had several graphics cards,'' said Cines, who graduated Penn State in 2017.

The odd computer box was what is known a  cryptocurrency miner, a specialmachine used to find  virtual currency.

Cryptocurrency mining is a  process used to create digital coins., like  bitcoin. Computers are used to complex math problems to find coins that can be potentially be worth a fortune.

Many currencies  require special-tool  high powered machines that use large amounts of electricity, and create excess heat.

''It felt like passive income because when you're at school, when you're taking an exam or you're doing your homework, you're  prepping or going to students meetings, it's still back in your dorm room making money for you,'' Cines told CNBC.

But there was a problem........too much heat.

''It was unbearable...............I had the fans running. I had the windows open,'' Cines said, describing what it was like when we first plugged his homemade miner in.

''The first day I was living there, went to Home Depot, bought some dryer tubes, strapped them to the front, and used that to push all the hot air outside of my room.''

But the heat is not the only issue. Some cryptominning software contains malware that could attack the campus's network.

''Cryptocurrency is largely viewed as a nuisance attack because somebody else is downloading malware to a machine that you own and using it to make money for themselves,'' said Mike Banic, the vice president of marketing at Vectra, a cybersecurity company that makes software to detect mining and other issues.

''What they are not thinking about is the pivot where where that attacker could then use that machine to then attack the organization. And then it becomes something that they do worry about,'' he added.

The Honor Serving of the latest Operational Research on Students and March forward continues. The World Students Society stops to thank CNBC.

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