This sounds like some trivial code, not even fully functioning, that was written during a hackathon. Why does New Jersey care? It wouldn't even make sense as

This sounds like some trivial code, not even fully functioning, that was written during a hackathon. Why does New Jersey care? It wouldn't even make sense as a business model anymore, because asic miners are so much more efficient than GPUs, but I heard many people talking about building this kind of service years ago. NJ could pay a software developer to write them code to let people generate small amounts of bitcoin in a browser. Why would they possibly want this MIT student's code so badly?