{"id":11280,"date":"2018-12-12T14:55:13","date_gmt":"2018-12-12T19:55:13","guid":{"rendered":"https:\/\/michigan.it.umich.edu\/news\/?p=11280"},"modified":"2024-07-08T06:05:39","modified_gmt":"2024-07-08T10:05:39","slug":"cryptocurrency-mining-risks-and-u-m-restrictions","status":"publish","type":"post","link":"https:\/\/michigan.it.umich.edu\/news\/2018\/12\/12\/cryptocurrency-mining-risks-and-u-m-restrictions\/","title":{"rendered":"Cryptocurrency mining risks and U-M restrictions"},"content":{"rendered":"<p><span style=\"font-weight: 400;\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-11283\" src=\"https:\/\/michigan.it.umich.edu\/news\/wp-content\/uploads\/2018\/12\/cryptocurrency-mining.png\" alt=\"illustration of pickax hitting a laptop\" width=\"601\" height=\"420\" srcset=\"https:\/\/michigan.it.umich.edu\/news\/wp-content\/uploads\/2018\/12\/cryptocurrency-mining.png 601w, https:\/\/michigan.it.umich.edu\/news\/wp-content\/uploads\/2018\/12\/cryptocurrency-mining-200x140.png 200w, https:\/\/michigan.it.umich.edu\/news\/wp-content\/uploads\/2018\/12\/cryptocurrency-mining-286x200.png 286w, https:\/\/michigan.it.umich.edu\/news\/wp-content\/uploads\/2018\/12\/cryptocurrency-mining-60x42.png 60w\" sizes=\"auto, (max-width: 601px) 100vw, 601px\" \/>You may not use U-M resources\u2014computers, networks, electricity\u2014for cryptocurrency mining. Such use violates university policy and puts U-M services and data, and your personal accounts and devices, at risk.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The <\/span><a href=\"http:\/\/spg.umich.edu\/policy\/601.07\"><span style=\"font-weight: 400;\">Responsible Use of Information Resources (SPG 601.07)<\/span><\/a><span style=\"font-weight: 400;\"> policy states that U-M resources may not be used &#8220;for personal commercial purposes or for personal financial or other gain.&#8221; <\/span><a href=\"https:\/\/oscr.umich.edu\/statement\"><span style=\"font-weight: 400;\">The Statement of Student Rights and Responsibilities<\/span><\/a><span style=\"font-weight: 400;\"> states that students must abide by university computer policies. This means that all persons are barred from using U-M resources of any kind for cryptocurrency mining outside of approved research and course work.<\/span><\/p>\n<p>Mining is a highly resource-intensive activity that often slows both computer and network performance, and increases electrical costs. Cryptocurrency mining is also a growing contributor to compromised computers and accounts, which can lead to lost personal information:<\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Attackers sometimes use mining software that you install as a vehicle to compromise systems and steal data or account information.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Clicking links in phishing emails or opening infected email attachments or shared documents can install mining software on a victim&#8217;s computer.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Some websites hijack visitors&#8217; computer resources for mining, forcing a site viewer to have mining software running in the background.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">High resource usage on a computer or network often results from mining software. This is frequently the only sign a user will see that their system is infected.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">For all of these reasons, cryptocurrency mining with U-M resources is prohibited, and caution is urged even if you engage in cryptocurrency mining with entirely personal resources. See <\/span><a href=\"https:\/\/www.safecomputing.umich.edu\/protect-the-u\/safely-use-sensitive-data\/policies-regulations\/cryptocurrency-mining\"><span style=\"font-weight: 400;\">Cryptocurrency Mining Risks and U-M Restrictions<\/span><\/a><span style=\"font-weight: 400;\"> on Safe Computing for more information.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>You may not use U-M resources\u2014computers, networks, electricity\u2014for cryptocurrency mining. Such use violates university policy and puts U-M services and data, and your personal accounts and devices, at risk. The Responsible Use of Information Resources (SPG 601.07) policy states that U-M resources may not be used &#8220;for personal commercial purposes or for personal financial or other gain.&#8221; The\u2026 <span class=\"read-more\"><a href=\"https:\/\/michigan.it.umich.edu\/news\/2018\/12\/12\/cryptocurrency-mining-risks-and-u-m-restrictions\/\">Read More &raquo;<\/a><\/span><\/p>\n","protected":false},"author":49,"featured_media":11283,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","_umich_oidc_access":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_ef_editorial_meta_date_first-draft-date":"","_ef_editorial_meta_paragraph_assignment":"","_ef_editorial_meta_checkbox_needs-photo":"","_ef_editorial_meta_number_word-count":"","footnotes":""},"categories":[27],"tags":[492,488],"class_list":["post-11280","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-safe-computing","tag-cryptocurrency","tag-cybersecurity"],"uagb_featured_image_src":{"full":["https:\/\/michigan.it.umich.edu\/news\/wp-content\/uploads\/2018\/12\/cryptocurrency-mining.png",601,420,false],"thumbnail":["https:\/\/michigan.it.umich.edu\/news\/wp-content\/uploads\/2018\/12\/cryptocurrency-mining-200x140.png",200,140,true],"medium":["https:\/\/michigan.it.umich.edu\/news\/wp-content\/uploads\/2018\/12\/cryptocurrency-mining-286x200.png",286,200,true],"medium_large":["https:\/\/michigan.it.umich.edu\/news\/wp-content\/uploads\/2018\/12\/cryptocurrency-mining.png",601,420,false],"large":["https:\/\/michigan.it.umich.edu\/news\/wp-content\/uploads\/2018\/12\/cryptocurrency-mining.png",600,419,false],"1536x1536":["https:\/\/michigan.it.umich.edu\/news\/wp-content\/uploads\/2018\/12\/cryptocurrency-mining.png",601,420,false],"2048x2048":["https:\/\/michigan.it.umich.edu\/news\/wp-content\/uploads\/2018\/12\/cryptocurrency-mining.png",601,420,false],"excerpt-thumbnail":["https:\/\/michigan.it.umich.edu\/news\/wp-content\/uploads\/2018\/12\/cryptocurrency-mining-200x140.png",200,140,true],"themonic-thumbnail":["https:\/\/michigan.it.umich.edu\/news\/wp-content\/uploads\/2018\/12\/cryptocurrency-mining-60x42.png",60,42,true],"ioslider-thumbnail":["https:\/\/michigan.it.umich.edu\/news\/wp-content\/uploads\/2018\/12\/cryptocurrency-mining-601x300.png",601,300,true],"post-thumbnail":["https:\/\/michigan.it.umich.edu\/news\/wp-content\/uploads\/2018\/12\/cryptocurrency-mining.png",601,420,false],"400x250-crop":["https:\/\/michigan.it.umich.edu\/news\/wp-content\/uploads\/2018\/12\/cryptocurrency-mining.png",358,250,false]},"uagb_author_info":{"display_name":"Matt Ranville, ITS Privacy Office","author_link":"https:\/\/michigan.it.umich.edu\/news\/author\/mrr\/"},"uagb_comment_info":0,"uagb_excerpt":"You may not use U-M resources\u2014computers, networks, electricity\u2014for cryptocurrency mining. Such use violates university policy and puts U-M services and data, and your personal accounts and devices, at risk. The Responsible Use of Information Resources (SPG 601.07) policy states that U-M resources may not be used &#8220;for personal commercial purposes or for personal financial or&hellip;","_links":{"self":[{"href":"https:\/\/michigan.it.umich.edu\/news\/wp-json\/wp\/v2\/posts\/11280","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/michigan.it.umich.edu\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/michigan.it.umich.edu\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/michigan.it.umich.edu\/news\/wp-json\/wp\/v2\/users\/49"}],"replies":[{"embeddable":true,"href":"https:\/\/michigan.it.umich.edu\/news\/wp-json\/wp\/v2\/comments?post=11280"}],"version-history":[{"count":5,"href":"https:\/\/michigan.it.umich.edu\/news\/wp-json\/wp\/v2\/posts\/11280\/revisions"}],"predecessor-version":[{"id":11293,"href":"https:\/\/michigan.it.umich.edu\/news\/wp-json\/wp\/v2\/posts\/11280\/revisions\/11293"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/michigan.it.umich.edu\/news\/wp-json\/wp\/v2\/media\/11283"}],"wp:attachment":[{"href":"https:\/\/michigan.it.umich.edu\/news\/wp-json\/wp\/v2\/media?parent=11280"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/michigan.it.umich.edu\/news\/wp-json\/wp\/v2\/categories?post=11280"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/michigan.it.umich.edu\/news\/wp-json\/wp\/v2\/tags?post=11280"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}