3,800 PlayStation 4s Found at Illegal Crypto Mining Farm
Crypto News

3,800 PlayStation 4s Found at Illegal Crypto Mining Farm

1m"
2 years ago

It’s estimated that more than $260,000 of electricity was being stolen every month by the crypto farm.

3,800 PlayStation 4s Found at Illegal Crypto Mining Farm

Mục lục

A large underground crypto farm has been discovered in Ukraine, where 3,800 PlayStation 4 consoles were being used to mine digital assets.

The operation was uncovered in a former warehouse, and the farm’s operators used manipulated electricity meters to conceal their energy consumption.

It’s estimated that more than $260,000 of electricity was being stolen every month by the crypto farm — creating a risk that local residents could suffer power surges and electricity outages.

More than 500 graphics cards and 50 processors were also discovered during a search of the crypto farm, as well as the homes of some suspects.

Subscribe to the CoinMarketRecap podcast on Apple Podcasts, Spotify and Google Podcasts!

A Big Issue 

The extensive electricity use associated with cryptocurrencies has been a cause for concern for governments and environmental campaigners alike.

A number of countries have embarked on crackdowns to stop mining activities too.

In the northern Chinese region of Inner Mongolia, those who are caught mining cryptocurrencies face social blacklisting as a punishment — something that would affect their ability to get credit and even access public transport.

A recent mass departure of miners from China has led to a record-breaking 28% drop in difficulty on the Bitcoin network.

12 people liked this article