New York City Employee Disciplined For Mining Bitcoin at Work – News Bitcoin News


New York City Employee Disciplined For Mining Bitcoin at Work

A New York City employee was recently caught mining bitcoin at work, which stemmed from a 2014 incident. Vladimir Ilyayev is a worker for the city’s department of education. He admitted to bypassing work security and mining bitcoin on the job without the proper permissions. The City of New York Conflicts of Interest Board disciplines him as a result of the action. 

Also read: Singapore Central Bank Clarifies ICO Regulations

The case report summarized Ilyayev’s admissions: “I ran bitcoin mining software on my New York City Employee Disciplined For Mining Bitcoin at WorkDOE computer from 6:00 p.m. until 6:00 a.m. every night from March 19, 2014, until April 17, 2014….During that time, I monitored the progress of my bitcoin mining software from my home computer using remote access software.”

Furthermore, Ilyayev admitted to installing the equipment during work and profiting from the mining activity when he was supposed to be working. His code of conduct for employment states he was not supposed to be engaging in any kind of personal finance transactions while working. He also admitted to the dates that he began installing the mining software without permission from the DOE.

Sanctions against Ilyayev; Bitcoin Mining at Work

After the board investigated the case, they decided to punish Ilyayev financially. According to the report, for misusing City time and engaging in profit making activity, Ilyayev had to forfeit 4 days of leave. This totals out to about $611. The employee agreed with the punishment and signed off on it.

Other news sources reported this kind of bitcoin mining by DOE employees has happened before. There was an incident back in 2015 with a DOE network engineer. This kind of “wrongful” bitcoin or cryptocurrency mining is somewhat attractive, and may continue into the future.

New York City Employee Disciplined For Mining Bitcoin at Work

Do you think Ilyayev should have been punished for this? Will cryptocurrency still be mined wrongfully by employees in various businesses? Share your thoughts in the comments section below!

Images courtesy of Shutterstock

Tags in this story
Bitcoin mining, bitcoin mining software, Cryptocurrency, Department of Education, N-Featured

Do you want to vote on important Bitcoin issues? has acquired Bitcoinocracy, and rebranded the project to Users simply sign a statement with a non-empty Bitcoin address and express their opinions. The project focuses on determining truth backed by monetary value and transparency.

Sterlin Lujan

Sterlin Lujan is a journalist, editor, speaker, anarchist, and essayist. He has been involved with cryptocurrency and Bitcoin since 2012. Sterlin is especially interested in the intersection of psychology and cryptography. He has written on behavioral economics in regards to innovative technology, and was one of the first to write about the emerging field of cryptopsychology on

Show comments