PS4 Cryptocurrency Mining Operation Busted

As the cryptocurrency boom comes to a halt thanks to China banning it, Ukrainian law enforcement busted a cryptocurrency mining operation that was using over 3800 PlayStation 4 consoles. Who knew that the PS4 could mine crypto? Well, the perpetrators who had set up camp in the abandoned warehouse, stealthily using the city’s power grid for electricity sure did.

The Security Service of Ukrain (SSU) reported that the SBU seized the operation which is described as the “largest clandestine cryptosphere” detected by them involving over 5000 units of computer equipment. This included more than 500 graphics cards, 50 CPUs, and 3800 PS4 consoles.

As Tom’s Hardware notes, this is the first time we’ve seen concrete evidence of PS4 console being used in a mining operation. They posit that a PS4 Pro can “potentially” come close to an AMD Radeon RX 580 in Ethereum mining performance.

Between reports of Sony filing a patent for accepting Bitcoin for betting in esports, and the Xbox store potential accepting cryptocurrency in the future for in-store credits, it looks like console gaming will soon accept bitcoin or its alternatives as a standard. However, that doesn’t mean making mining possible on the new PS5 or Xbox Series X|S consoles should be made possible due to the inherent nature of transactions that have a colossal toll on the environment.


For the latest gaming news and reviews, follow IGN India on Twitter and Facebook. For the latest gaming videos, follow us on Instagram.

For all the latest Gaming News Click Here 

 For the latest news and updates, follow us on Google News

Read original article here

Denial of responsibility! TheDailyCheck is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected] The content will be deleted within 24 hours.