Playstation 4 crypto mining news
A typical cryptocurrency mining setup consists of either a wealth of graphics cards on the rack or an ASIC miner, but this latest cryptocurrency farm was discovered by Ukrainian officials It consists of PS4. After getting a graphics card ASIC minor Although quite difficult, these Ukrainian miners took a different approach to cryptocurrency mining. Illegal mining operations were discovered by Ukrainian security services, and more than 50 processors, graphics cards, and 3, PlayStation 4 consoles were reportedly seized in the assault. Yes, miners have set up over 3, PS4 consoles to mine cryptocurrencies. Memory is one of the most important things to have when mining cryptocurrencies, and more specifically memory bandwidth.
We are searching data for your request:
Playstation 4 crypto mining news
Upon completion, a link will appear to access the found materials.
Content:
- Mining auf Spielkonsolen: Die Ukraine nimmt mehr als 3.800 PlayStation 4 vom Netz
- Ukrainian police seize 3,800 PS4 consoles used for illegal crypto mining
- Cryptominer Farm Rigged with 3,800 PS4s Busted in Ukraine
- Thousands Of PS4 Pros Discovered In Warehouse Raid [Update]
- Intel Set to Launch Energy-Efficient Chip for Bitcoin Mining at ISSCC on February 23
- AMD Denies Prioritizing Mining Cards Over Gaming GPUs
- Nobody Knows Who Operated This Illegal Crypto Mining Farm in Ukraine
- Busted Cryptominers Might Have Mined on 3,800 PS4 Consoles
Mining auf Spielkonsolen: Die Ukraine nimmt mehr als 3.800 PlayStation 4 vom Netz
The administrator of your personal data will be Threatpost, Inc. Detailed information on the processing of personal data can be found in the privacy policy. In addition, you will find them in the message confirming the subscription to the newsletter. Ukrainian cops seize PlayStation 4 consoles, graphics cards, processors and more in cryptomining sting involving alleged electricity theft. Authorities in Ukraine have made another cybersecurity bust — this time shutting down what they said is one of the largest underground cryptomining operations ever found.
But stealing the vast amounts of electricity needed to power the computer farms required to mine cryptocurrency is most definitely prohibited. The cryptomining operation was set up in a warehouse in the city of Vinnytsia, formerly owned by a company called JSC Vinnytsiaoblenerho, which denies any involvement and refutes any electricity was stolen from the location, according to a translated statement from the company.
The operation. Source: Security Service of Ukraine. The management of JSC Vinnytsiaoblenergo actively cooperates with the investigation and is interested in establishing all the facts and punishing the perpetrators. In addition to the game consoles, authorities also reported seizing graphics cards, 50 processors, electricity use documents, phones, flash drives and notes.
Cryptomining continues to be a popular criminal activity , with new approaches such as turning to the cloud cropping up all the time. On Wednesday for instance, a Romanian gang emerged with a Linux-focused campaign.
Check out our free upcoming live and on-demand webinar events — unique, dynamic discussions with cybersecurity experts and the Threatpost community. The group once again dangled fake job opportunities at engineers in a spear-phishing campaign that used Windows Update as a living-off-the-land technique and GitHub as a C2. The sweetened deal came on the same day that Trustwave SpiderLabs published a new way to bypass Outlook security to deliver malicious links to victims.
Infosec Insider content is written by a trusted community of Threatpost cybersecurity subject matter experts. Each contribution has a goal of bringing a unique voice to important cybersecurity topics. Content strives to be of the highest quality, objective and non-commercial.
Sponsored Content is paid for by an advertiser. Sponsored content is written and edited by members of our sponsor community. This content creates an opportunity for a sponsor to provide insight and commentary from their point-of-view directly to the Threatpost audience. The Threatpost editorial team does not participate in the writing or editing of Sponsored Content.
Newsletter Subscribe to our Threatpost Today newsletter Join thousands of people who receive the latest breaking cybersecurity news every day. I agree to my personal data being stored and used to receive the newsletter.
I agree to accept information and occasional commercial offers from Threatpost partners. This field is for validation purposes and should be left unchanged. Author: Becky Bracken. July 14, pm. Share this article:. Subscribe to our newsletter, Threatpost Today! Get the latest breaking news delivered daily to your inbox. Subscribe now.
InfoSec Insider.
Ukrainian police seize 3,800 PS4 consoles used for illegal crypto mining
The administrator of your personal data will be Threatpost, Inc. Detailed information on the processing of personal data can be found in the privacy policy. In addition, you will find them in the message confirming the subscription to the newsletter. Ukrainian cops seize PlayStation 4 consoles, graphics cards, processors and more in cryptomining sting involving alleged electricity theft. Authorities in Ukraine have made another cybersecurity bust — this time shutting down what they said is one of the largest underground cryptomining operations ever found. But stealing the vast amounts of electricity needed to power the computer farms required to mine cryptocurrency is most definitely prohibited. The cryptomining operation was set up in a warehouse in the city of Vinnytsia, formerly owned by a company called JSC Vinnytsiaoblenerho, which denies any involvement and refutes any electricity was stolen from the location, according to a translated statement from the company.
Cryptominer Farm Rigged with 3,800 PS4s Busted in Ukraine
For the production of cryptocurrency, the enterprise used more than 5 thousand units of computer equipment. Including 3. A typical build for mining cryptocurrency consists of either a lot of video cards on a rack or ASIC miners. PlayStation 4 consoles may not be the most efficient at mining cryptocurrency. Until now, PS4 mining not officially documented, but other consoles already modified for Bitcoin mining. Regulators do not disclose the details of the operation of the crypto farm. So one can only guess about the purpose of the PlayStation 4 consoles. According to experts, since it was quite difficult to get video cards and ASIC miners, Ukrainian miners took a different approach to mining cryptocurrencies. Miners found a way to find cheap set-top boxes and started mining digital assets.
Thousands Of PS4 Pros Discovered In Warehouse Raid [Update]
Join us on Twitter or Telegram. Customize Settings Accept. Updated on July 19, As reported by Eurogamer and Ign. Authorities in Ukraine have unearthed a cryptocurrency mining farm allegedly stealing electricity within Vinnytsia city, southwest of Kyiv. A statement from the Ukraine Security Service indicates that the July 8th discovery also resulted in the confiscation of mining devices, including 5, computers and Sony PlayStation 4 consoles alongside graphic cards.
Intel Set to Launch Energy-Efficient Chip for Bitcoin Mining at ISSCC on February 23
File photo. Credits: Reuters. Considering how cryptocurrency is becoming all the rage across the world, the mining process of this decentralised currency has also increased, contributing to excessive energy consumption that is further propelling climate change. What further baffled the government agency was that they found thousands of stacks of PS4 gaming consoles instead of computers at the site, reported Kotaku. According to a report by Kotaku, the SBU discovered more than 5, devices, which included racks of 3, PS4 Pros that were seized and other gaming-related hardware, in a warehouse next to the Vinnytsiaoblenergo energy distribution company in Vinnytsia.
AMD Denies Prioritizing Mining Cards Over Gaming GPUs
Thousands of PlayStation 4 gaming consoles have been seized after their discovery in an old warehouse, used to illicitly mine for cryptocurrency. Ukraine's Security Service said last week that in the city of Vinnytsia, located along the Southern Bug river, there was an abandoned warehouse in its industrial area that once belonged to an electricity company, JSC Vinnytsiaoblenergo. Upon entry, law enforcement found what it has called the country's "largest underground cryptocurrency farm. In total, roughly 3, gaming consoles were rigged together and stored on metal racks -- and over graphics cards and 50 processors were also found. The hardware was allegedly used to facilitate cryptocurrency mining, while those apparently responsible stole the electricity required from the city. Raids took place at the cryptocurrency farm and Ukrainian police also say that searches took place at the "offender's residences," where draft notes on electricity usage, notebooks, handsets, and USB storage devices were also seized. In a statement translated , JSC Vinnytsiaoblenergo said that "our company has nothing to do with any illegal activity," and "cryptocurrency mining equipment has never operated in the premises owned by our company. The investigation was conducted by Ukrainian law enforcement agencies under the supervision of the Prosecutor General's Office.
Nobody Knows Who Operated This Illegal Crypto Mining Farm in Ukraine
After the ban in China on mining through GPUs, it still seems that the hunger of miners is not over yet. According to recent news, it seems like miners are finding new and different ways to mine crypto coins. On Thursday, the SSU detailed that the Ukrainian law authority has uncovered a covert digital money mining ranch in the city of Vinnytsia.
Busted Cryptominers Might Have Mined on 3,800 PS4 Consoles
RELATED VIDEO: Time to Start Mining on Gaming Consoles?A raid on a crypto mining farm by Ukrainian authorities revealed that PlayStation 4 consoles were being used for a different kind of lucrative business. It seems that a crypto mining The farm arrested in Ukraine earlier this month was not using PlayStation 4 consoles to mine cryptocurrency, but to grind bots in FIFA to make money in the game. Crypto mining farms have lately become a threat to government officials in many countries as they consume a disproportionately high amount of electricity. In many cases, electricity is obtained illegally or involves shady businesses to keep running. Many countries still do not have laws that regulate the purchase and sale of cryptocurrencies, much less that facilitate an entire business around the generation of cryptocurrencies.
As the cryptocurrency boom comes to a halt thanks to China banning it, Ukrainian law enforcement busted a c ryptocurrency mining operation that was using over 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 units of computer equipment. As Tom's Hardware notes, this is the first time we've seen concrete evidence of PS4 console being used in a mining operation. 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.
Thousands of Sony PlayStation four PS4 game consoles have been seized when Ukrainian police busted a mining electrical power-stealing mine. Ukrainian authorities stated they had seized about five, hardware, which includes extra than graphics cards, 50 processors, three, PS4 consoles and a quantity of other units. These are goods that are scarce in the US and a lot of other elements of the planet. The picture posted by SSU demonstrates the PS4 stacked on a shelf, powered and plugged into the network to connect to the Internet.
There are no comments yet.