Crypto farm using 3,800 PS4s shut down in Ukraine for alleged electricity theft

Racks containing 1000’s of PS4s at a crypto farm in Ukraine (Image: Security Service of Ukraine)

A large cryptocurrency farm apparently using PlayStation 4 gaming consoles for mining has been shut down in Ukraine for alleged electricity theft.

The unlawful crypto farm was arrange at an outdated warehouse in the town of Vinnytsia, in response to a July 8 launch from the Security Service of Ukraine (SBU). It was reportedly established by residents of the mentioned metropolis and of Kyiv.

The warehouse is positioned at a former facility of JSC Vinnytsiaoblenerho, from  the place the miners have been allegedly stealing electricity. They additionally have been accused of using electricity meters that confirmed faux power consumption.

“According to preliminary estimates, the month-to-month losses to the state ranged from 5 to 7 million Ukrainian hryvnias (round $186,200 to $259,300). However, such criminality may result in energy surges and left individuals with out electricity,” the SBU said.

“The SBU initiated legal proceedings for the theft of water, electricity or thermal power via its unauthorized use,” the safety company added.

Authorities seized over 500 graphic playing cards, 50 processors and 3,800 PS4s. While the primary two are recognized for use in crypto mining, the usage of gaming consoles is uncommon.

Using gaming consoles to mine cryptocurrency, nevertheless, shouldn’t be fully extraordinary. For one, YouTuber stacksmashing was in a position to modify his GameBoy to start out mining Bitcoin, albeit very slowly.

Ukrainian authorities have been reportedly nonetheless investigating the mentioned crypto farm and people behind it. They have been additionally looking for out if officers of JSC Vinnytsiaoblenerh have been one way or the other concerned.  /ra


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About the Author: Daniel