Can ps4 mine crypto

PC gamers across the world have already witnessed first-hand the shortage of GPUs caused by miners for the past few years. Many countries have already implemented a ban on crypto-currencies and also laid down legal enforcement to restrict it. But this is not the main point of interest. The mining farm that was seized, had PlayStation 4 consoles along with more than GPUs and more than 50 processors. Think about it, if one single crypto farm posses such amount of hardware requirements, then if we consider the crypto-farms spread across the globe, the result will be insane. However, the most surprising fact is the use of PS4.

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WATCH RELATED VIDEO: You can now mine Bitcoin on the Xbox One!?!? - 100% Working method!

Ukrainian police unearth crypto mining farm using PS4 consoles, $259k in electricity stolen

At the beginning of the week, the media broke news about a strange cryptocurrency farm in Ukraine. In one of the warehouses of the Ukrainian city of Vinnytsia, 3, PS4 consoles were found, among other things.

Originally it was believed that it was used for cryptocurrency mining. At least this is reported by the Ukrainian Security Service, which is responsible for discovering the illegal mine. Already from the first information, many skeptics appeared. One of them was a journalist from the Ukrainian business newspaper Delo, who decided to take a closer look at the case.

It does not change the fact that there is a prohibited activity, which is the illegal consumption of electricity. It is estimated that the losses amounted to thousand PLN.

It is possible that the graphics cards have already been used for cryptocurrency mining. However, in the case of the PS4 that would be illogical. The performance of the PlayStation 4 in the Slim version is very low. The more expensive version of the PlayStation 4 Pro is very good for cryptocurrency mining. However, the difference is diagonal and no miner will be mining with the Slim version.

In the weakest version, the console, the processing power of the console is 1. In addition, there is a better processor, RAM and disk. A Delo journalist called the owner of the magazine and asked for details. Unfortunately, he was unable to say anything due to the ongoing investigation. Incurable thinker. Tv junkie. Travel buff. The International Space Station was launched into orbit in and has since hosted more than astronauts from 19….

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Home Tech PS4 consoles have not been used to mine cryptocurrency. This is a robot farm in FIFA. See also HBO Max will be cheaper, but at the expense of commercials and movie screenings. Maria Palmer. Up Next Not just Robert Kubica. The Poles will face the iconic race. Maria Palmer "Devoted organizer. You Might Also Like.

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Ukrainian police seize 3,800 PS4 consoles used for illegal crypto mining

Last week, Cointelegraph Report confiscated 3, PlayStation consoles It is said to be used to mine cryptocurrency. The confiscated game console was one of a batch of hardware discovered by Ukrainian authorities in a raid on a farmhouse accused of tampering with electricity meters to steal electricity from the local grid. According to the preliminary report at the time, the PS4 console, graphics card, processing unit and other hardware found at the scene were used for illegal mining activities. Players usually have to earn FUT coins and cards by winning football matches in the game, but the ruined warehouse is said to be generating black market variants of these in-game items. According to Delo, the Ukrainian Secret Service has not confirmed or denied its findings, and the agency chose to keep the details of the ongoing investigation confidential. Given that its configuration is slightly outdated compared to many mining equipment available today, even the 16 PS4 settings cannot generate meaningful returns under legal power consumption.

crypto farm with ps4 mining bitcoin and ehthereum any substantial proof that you can really mine cryptocurrency on a PS4 console.

PS4 Consoles Now Used To Mine Cryptocurrency?

GameFi is one of the hottest new trends to emerge from the crypto industry, combining decentralized finance DeFi and non-fungible tokens NFTs with blockchain-based online games. This concept involves giving players financial incentives to play and progress through games. In some cases, this has allowed gamers to earn a full-time income by doing so. All objects in these types of games are expressed as NFTs — digital tokens used to prove ownership of scarce intangible items. Think of things like plots of land, avatars, costumes, weapons and gold bars. Once players find and accrue these items through gameplay, many have the option to trade these with others in digital marketplaces for different NFTs, or sell them in exchange for cryptocurrency. Depending on which game is played, users can increase their earning potential by dedicating time leveling-up and improving their characters, creating monetized structures on their land that other gamers pay to use or by competing against others in tournaments. In order to keep track of what every player owns, all NFTs and cryptocurrency transaction data are stored on a public blockchain. This is a type of distributed, digital record-keeping technology maintained by a global network of computers. Leveraging this technology in gaming provides a number of benefits, including:.

Busted Cryptominers Might Have Mined on 3,800 PS4 Consoles

can ps4 mine crypto

Ukrainian authorities have raided an allegedly illicit crypto farm within the nation. According to an official announcement from the Security Service of Ukraine SU , the power was positioned on the previous premises of JSC Vinnytsiaoblenerho, an electrical energy provide company. The illegal crypto miners hid their actions by manipulating electrical energy meters to steal electrical energy from JSC Vinnytsiaoblenerho. Described as the biggest underground mining operation found by the Ukrainian police, the farm housed almost 5, computer tools items, together with 3, PlayStation 4 consoles, over graphics playing cards, 50 processing items, notebooks, telephones and flash drives.

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Police Bust Illegal Cryptomining Ring Enslaving Thousands Of PS4 Consoles And GPUs

The Security Service of Ukraine SBU has shut down an illegal cryptomining farm, which was operating at an extensive scale. According to the official report, the miners were performing their malicious activities from a utility room at a local electricity provider located in Vinnytsia, southwest of Kyiv. SEE: Authorities arrest culprits for crypto mining at Ukraine nuclear plant. The authorities have exposed the illegal selection of massive volumes of electricity in Vinnytsia. They had illegally plugged it into the power grid, which could have caused a complete blackout in entire blocks of the city.

mine crypto ps4

The cryptominers exploited a deserted warehouse there and used energy to mine bitcoins from the electricity system in the city. The perpetrators illegally used the electricity network. According to the authorities, the monthly costs would amount to a maximum of 7 million Ukrainian hryvnia, converted to about , euros. Obtaining graphics cards and ASIC miners has been quite difficult, these Ukrainian miners took a different approach to cryptocurrency mining. The Security Service of Ukraine discovered the illegal mining operation and reported that more than 50 processors, graphics cards, and 3, PlayStation 4 consoles were seized in a raid. Yes, the miners had more than 3, PS4 consoles set up to mine cryptocurrencies. It's certainly an uncommon way to mine crypto, but it seemed to work for these miners as they had this large number of consoles set up for mining. With a bit bus, the PS4's memory bandwidth is Gbps, with this you can do the mining work, but it's certainly not that good compared to graphics cards.

Though mobile phones can be used to perform many. Is it possible to mine Bitcoin via a mobile phone? Though mining cryptocurrency via.

Can I use my ps4 to mine Bitcoin?

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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.

Due to the global shortage of chips, the price of graphics cards has risen sharply, and the theft of electricity has cut the most important electricity cost for mines. In this context, large-scale use of PS4 mining has become a profitable reality.

The developers of Cooking Mama Cookstar have responded to the cryptocurrency rumours which have accused the game of being a bitcoin miner. These accusations appear to have surfaced after the game was reportedly removed from the Nintendo eShop mere hours after being listed. In light of all the allegations, the developers have since responded to the cryptocurrency rumours that can be found online. Cooking Mama Cookstar was reportedly released on and then quickly removed from the Nintendo eShop a couple of days ago. The game is said to still be available in certain places through physical copies, but there have been reports that the title is causing Switch consoles to overheat.

In recent years, the number of companies engaged in mining crypto assets virtual currency such as Bitcoin is increasing, and it has been reported that. It was PS4. As far as the logo on the side is seen, it seems that PS4 was installed upside down at this mining factory. The Security Service of Ukraine has seized nearly 5, devices from the factory, including about 3, game consoles, about

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