Ukrainian authorities raided an allegedly illegal crypto farm in the country.According to an official announcement The facility from the Ukrainian Security Service (SU) is located on the former site of the power supply company JSC Vinnytsiaoblenerho.
Illegal crypto miners conceal their activities by manipulating electricity meters to steal electricity from JSC Vinnytsiaoblenerho.
The farm is described as the largest underground mining operation discovered by Ukrainian police and has nearly 5,000 computer equipment, including 3,800 PlayStation 4 consoles, more than 500 graphics cards, 50 processing units, laptops, cell phones, and flash drives.
The SBU estimates that the state’s monthly losses due to power theft (which may result in power shortages throughout the city of Vinnytsia) range from US$186,200 to US$259,300.
related: Gamers and miners compete for scarce top hardware
A few estimates Performance Sony’s previous-generation game console, the PlayStation 4, is not an ideal device for mining cryptocurrency. Given that its configuration is slightly outdated compared to many mining equipment available today, even the 16 PS4 settings cannot generate meaningful returns in the case of legal power usage.
Ukraine was named a world leader in Chainalysis Global Encryption Adoption Index last year.This Eastern European country is trying to Crypto-friendly initiatives For example, to determine Legal status of crypto assets, Including its circulation and distribution rules in the country.