• Great articles on other sites
  • RSS Great articles on other sites

  • Blog, Featured - Written by on Thursday, June 23, 2011 17:10 - 7 Comments

    ABC staffer goes for Bitcoin gold

    blog We know the ABC is a public broadcaster and isn’t likely to be offering the highest salaries in the world, but this is ridiculous. The Sydney Morning Herald is reporting that one of Aunty’s IT workers set up a system to use its vast server resources to make himself wealthy by generating uncounted Bitcoins — the controversial virtual currency. The story was originally published in Crikey’s ‘tips and rumours’ section:

    “Bitcoins, as Crikey explained on Monday, is an online-only currency system quickly increasing in value. And one ABC staffer has apparently cashed in, in a serious IT breach Crikey understands is being investigated by the national broadcaster.”

    We can’t decide if the un-named ABC IT staffer is a petty criminal or a genius sysadmin bent on making it big with spare CPU cycles. Likely the second — which would probably make him chaotic neutral in type — a most dangerous character ;)

    Image credit: Mateusz Stachowski, royalty free

    submit to reddit


    You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.

    1. LK-
      Posted 23/06/2011 at 5:36 pm | Permalink | Reply

      If only I had access to Google’s servers..

    2. Thateus
      Posted 23/06/2011 at 5:49 pm | Permalink | Reply

      You need GPU’s otherwise with a plain old CPU it’s pretty slow going.

      • Matt McLeod
        Posted 23/06/2011 at 6:02 pm | Permalink | Reply

        I would imagine that this guy was able to scale it over hundreds of machines, none of which he (or she?) was paying for, so it’s pretty much all “profit”.

        Back in the day I had to deal with a developer who’d taken advantage of the rather idiotic policy at that organisation of mandating open rsh access to all UNIX systems by running one of the distributed crypto-cracker tools across approximately one thousand servers and workstations. I recall wishing at the time that he’d put half as much effort into distributing the rather large builds our software dev people were running every night…

    3. Posted 23/06/2011 at 9:33 pm | Permalink | Reply

      Is it just me, or does Bitcoin just seem like a waste of time?

      • Posted 23/06/2011 at 10:18 pm | Permalink | Reply

        I think eventually it, or something very like it, won’t be a waste of time ;)

      • Posted 23/05/2012 at 1:51 pm | Permalink | Reply

        A lot of “hard-coin” users scoffed at the idea of a piece of paper representing currency some time ago. I don’t know about you but for me there is only about 2-3 things a month I need hard currency for now days, bring on the virtual: just as “real” as paper notes but a lot lighter to carry and harder to destroy.

    Leave a Comment


  • Get our 'Best of the Week' newsletter on Fridays

    Just the most important stories, one email a week.

    Email address:

    Follow us on social media

    Use your RSS reader to subscribe to our articles feed or to our comments feed.

  • Most Popular Content

  • Enterprise IT stories

    • Super funds close to dumping $250m IT revamp facepalm2

      If you have even a skin deep awareness of the structure of Australia’s superannuation industry, you’ll be aware that much of the underlying infrastructure used by many of the nation’s major funds is provided by a centralised group, Superpartners. One of the group’s main projects in recent years has been to dramatically update and modernise its IT platform — its version of a core banking platform overhaul. Unfortunately, the $250 million project has not precisely been going well.

    • Qld’s Grant joins analyst firm IBRS peter-grant

      This week it emerged that Peter Grant, the two-time former Queensland Whole of Government CIO (pictured), has joined well-regarded analyst firm Intelligent Business Research Services (IBRS). We’ve long had a high regard for IBRS, and so it’s fantastic to see such an experienced executive join its ranks.

    • Westpac dumps desk phones for Samsung Android mobiles samsung-galaxy-ace-3

      The era of troublesome desk phones tied to physical locations is gradually coming to an end in many workplaces, with mobile phones becoming increasingly popular as organisations’ main method of voice telecommunications. But some groups are more advanced than others when it comes to adoption of the trend. One of those is Westpac.

    • Ministers’ cloud approval lasted just a year reverse

      Remember how twelve months ago, the Federal Government released a new cloud computing security and privacy directive which required departments and agencies to explicitly acquire the approval of the Attorney-General and the relevant portfolio minister before government data containing private information could be stored in offshore facilities? Remember how the policy was strongly criticised by Microsoft, Government CIOs and Delimiter? Well, it looks like the policy is about to be reversed.

    • WA Govt can’t fund school IT upgrades oops key

      In news from The Department of Disturbing Facts, iTNews revealed late last week that Western Australia’s Department of Education has run out of money halfway through the deployment of new fundamental IT infrastructure to the state’s schools.

    • Turnbull outlines Govt ICT vision turnbull-5

      Communications Minister Malcolm Turnbull has published an extensive article arguing that the Federal Government needed to do a better job of connecting with Australians via digital channels and that public sector IT projects needn’t cost the huge amounts that some have in the past.

    • NZ Govt pushes hard into cloud zealand

      New Zealand’s national Government announced a whole of government contract this morning for what it terms ‘Office Productivity as a Service’ services. This includes email and calendaring services, as well as file-sharing, mobility, instant messaging and collaboration services. The contract complements two existing contracts — Desktop as a Service and Enterprise Content Management as a Service.

    • CommBank reveals Harte’s replacement whiteing

      The Commonwealth Bank of Australia has promoted an internal executive who joined the bank in September after a lengthy career at petroleum giant VP and IT services group Accenture to replace its outgoing chief information officer Michael Harte, who announced in early May that he would leave the bank.

    • Jeff Smith quits Suncorp for IBM jeffsmith4

      Second-tier Australian bank and financial services group Suncorp today announced that its long-serving top technology executive Jeff Smith would leave to take up a senior role with IBM in the United States, in an announcement which marks the end of an era for the nation’s banking IT sector.

    • Small business missing the mobile, social, cloud revolution iphone-stock

      Most companies that live and breathe the online revolution are not tech startups, but smart smaller firms that use online tools to run their core business better: to cut costs, reach customers and suppliers, innovate and get more control. Many others, however, are falling behind, according to a new Grattan Institute discussion paper.

  • Blog, Enterprise IT - Jul 5, 2014 13:53 - 0 Comments

    Super funds close to dumping $250m IT revamp

    More In Enterprise IT

    Blog, Telecommunications - Jul 5, 2014 12:12 - 0 Comments

    What should the ACCC’s role be in guiding infrastructure spending?

    More In Telecommunications

    Analysis, Industry, Internet - Jun 23, 2014 10:33 - 0 Comments

    ‘Google Schmoogle’ – how Yellow Pages got it so wrong

    More In Industry

    Blog, Digital Rights - Jun 30, 2014 22:24 - 0 Comments

    Will Netflix launch in Australia, or not?

    More In Digital Rights