Airbnb Guest Mines $100K in Crypto, Leaving Host with $1,500 Power Bill
Host Implements "No Crypto Mining" Policy
An Airbnb host in the United Kingdom has banned crypto mining on her property after guests used her electricity to mine $100,000 worth of cryptocurrency, leaving her with a $1,500 electric bill.
The host, who goes by the name "Jenny" on Airbnb, said she noticed a spike in her electric usage during the guests' stay. Upon investigation, she discovered that they had set up a crypto mining rig in her basement.
Jenny confronted the guests, who admitted to mining cryptocurrency. They claimed that they had made $100,000 during their three-week stay.
Crypto Mining Explained
What is Crypto Mining?
Crypto mining is the process of verifying transactions on a blockchain network and adding them to the blockchain. Miners use specialized computers to solve complex mathematical problems. The first miner to solve the problem receives a reward in the form of cryptocurrency.
Why is Crypto Mining Energy-Intensive?
The mathematical problems that miners must solve are extremely complex. This requires a lot of computing power, which in turn requires a lot of electricity.
Airbnb's Response
Airbnb said that it does not condone crypto mining on its platform. The company said that it is working with Jenny to resolve the issue and prevent similar incidents from happening in the future.
Conclusion
The incident highlights the growing popularity of crypto mining and the potential impact it can have on energy consumption. It also raises questions about the responsibility of Airbnb hosts and guests when it comes to crypto mining.
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