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AFP raid Bureau of Meteorology over cryptocurrency investigation

The Australian Federal Police have raided the Bureau of Meteorology as part of an investigation into a major cryptocurrency scam.

Two employees have reportedly been questioned for allegedly running an elaborate operation involving BoM’s high-powered computers to mine cryptocurrencies.

Ross Greenwood speaks with Dr Christopher Berg from RMIT’s Blockchain Innovation Hub.

“These days, professional Bitcoin miners are buying speciality equipment,” he says.

“In order to mine Bitcoin, you have to validate all the most recent transactions on the network… that’s basically solving a computer puzzle.

“Obviously the faster your computer, the more powerful your computer is, the quicker you’re going to be able to resolve that puzzle.”

Listen to the full interview below