Tuesday, July 27, 2021

    Latest Posts

    Someone created a farm to mine bitcoin with more than 3,000 PlayStation 4 and stole electricity to power them in Ukraine

    Not all mining farms are in China and not all are powered by state-of-the-art graphics card equipment. The proof is that Ukraine has revealed that it found a mining farm of bitcoin and other cryptocurrencies with more than 5,000 computers, of which more than 70% were PlayStation 4.

    According to the communiqué of Ukraine, Resumed by vice, 3,800 computers were Sony consoles. The problem in Ukraine is not the cryptocurrency farm, but according to the government the farm was fed by light that was stolen.

    The cover image shows some of the consoles. The other image released from the farm is as follows:

    Someone Created a Farm to Mine Bitcoin With Over 3,000 Playstation 4 And Stole Electricity to Power Them In Ukraine

    According to the Ukrainian security service behind the farm there was a large-scale macro electricity theft operation, all in order to power the 5,000 mining equipment. The trick was in altered electricity meters that did not show the actual energy consumption in the facilities.

    The result was an evasion of between $186,200 and $259,300 monthly. It is even claimed that the activity was so demanding that it is likely that it caused peaks in energy demand and left other people without power.

    In addition to the 3,800 consoles, more than 500 graphics cards, 50 processors, documents on electricity consumption, as well as phones and laptops were secured on site.

    The energy consumption of cryptocurrency farms has become a concern in the segment, particularly in 2021, with Elon Musk ceasing to accept bitcoin as a bargaining chip for Tesla due to the polluting potential of cryptographic operations that make the network operate permanently.

    In China just a few weeks ago, the rules on energy consumption by cryptocurrency farms were tightened, which is causing farms to leave the country. and look for other places to settle.

    Musk has previously met with some of the most prominent players in cryptocurrency mining, who have ensured him a smooth transition to renewable sources of electricity. By the time the transition happens, Musk has said, Tesla will again accept bitcoin as a bargaining chip.

    Latest Posts

    Don't Miss

    Stay in touch

    To be updated with all the latest news, offers and special announcements.