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Ukrainian police confiscate 3,800 PS4 consoles

Ukrainian police confiscate 3,800 PS4 consoles

Ukrainian authorities raided a suspected illegal crypto farm. According to an official Advertising From the State Security Service of Ukraine, the plant was located on the former site of the electric company JSC Winnitziaoblenergo.

The illegal miners covered up their activities by tampering with electricity meters while stealing electricity from JSC Winnitziaoblenergo.

This is said to be the largest hidden mining operation ever discovered by the Ukrainian police. Nearly 5,000 computers, including 3,800 PlayStation 4 consoles, more than 500 graphics cards, 50 processors, laptops, phones, and USB storage.

The agency estimated that the state lost between $186,200 and $259,300 in electricity theft. This theft may also cause electrical bottlenecks in the entire city of Winitza.

in this context: Players and miners compete for rare equipment

from several estimates it is clearThat Sony’s previous game console, the PlayStation 4, is not the ideal device for mining cryptocurrency. Given the somewhat outdated configuration compared to many of the mining hardware available today, even 16 PS4 consoles with legal power consumption won’t generate any significant returns.

Ukraine was in Global Cryptographic Accreditation Index It was named the world’s leading country by Chainalysis last year. Want to zone with it Crypto-friendly initiatives to lead. For example, there has been a legislative proposal that Legal status of crypto assets It must specify, including the rules for circulation and issuance in the country.