This has happened. I wrote about incidents of supercomputers being used to mine cryptocurrency a few years ago: Subverting computing research for fool's gold.
Bitcoin
NSF sponsored-researcher misused supercomputers to mine bitcoin via BBC June 2014:
A researcher has been suspended from a US national agency for misusing supercomputers to mine bitcoins at two universities. In a report, the National Science Foundation (NSF) revealed that more than $8,000 worth of bitcoins had been generated from NSF-funded computers... It is claimed that the unnamed researcher used remote access software and may have been attempting to cover his tracks.
So, he knew it wrong, tried to hide what he did including remotely accessing the supercomputer from Europe, and got caught.
@EllieAsksWhy @psnively $150,000 spent to make $8,000 of personal profit. What a waste.
— Emin Gün Sirer🔺⚔️ (@el33th4xor) June 14, 2014
The researcher’s access to all NSF-funded supercomputer resources was terminated, and after the NSF Office of Inspector General investigated (pp. 30-31), he was suspended from any further activities government-wide.
Dogecoin: Klondike operations
In February 2014, yet another researcher, at Harvard University, was caught mining a different cryptocurrency, Dogecoin. He used Harvard's Odyssey, a high-powered network cluster, which uses thousands of CPU cores, to mine Dogecoin. Harvard Crimson described the incident rather colorfully:
“Any participation in “Klondike" style digital mining operations or contests for profit requiring Harvard-owned assets to examine digital currency key strength and length are strictly prohibited for fairly obvious reasons,”
Unusually high electric power consumption was what alerted Harvard to the situation. Since significant resources were wasted as part of the illicit mining activities, blowing through a lot of funds budgeted for research, the assistant dean for research computing wrote this notice: Harvard Dogecoin Mining on Pastebin. It has since been deleted. This was the URL https://pastebin.com/P8kvWqSG
All's well that ends well. Maybe? A few days after the "Klondike mining operation", several current students received the following email invitation from a mysterious HBS alumnus named John Harvard Bitcoin:
“Are you the secret DOGE miner? I just started the Harvard Bitcoin Club and would like to invite you to join. The goal is to start an ‘open club’ that promotes Bitcoin education.”
This led to the establishment of periodic gatherings of the Bitcoin Club. Founder John Harvard Bitcoin paid for meeting materials and reimbursed the cost of attendee meals in Bitcoin.
Supercomputers versus GPUs
Graphics processing units (GPU) are often integrated on a regular processor (chip). Sometimes, especially for gaming or applications like Second Life, a computer will have a "traditional" processor chip AND a stand-alone "dedicated" GPU, activated only as needed for graphically-intensive applications. GPUs are very fast for certain purposes.
