Ukraine’s Security Service (SBU) recently raided a cryptocurrency mining farm located next door to the Vinnytsiaoblenergo energy distribution company in the city of Vinnytsia. SBU confiscated thousands of PS4 Pros that were being used as part of the mining operation. According to the SBU, the accused were held responsible for stealing up to $256,648 worth of energy from the local grid. They were hiding this energy consumption with special electrical meters.
A possible collusion with the power company hasn’t been ruled out by the spy agency, according to the Kyiv Post (spotted by Kotaku). No word on if Vinnytsiaoblenergo will be fined for the noise pollution from running a few thousand PS4’s.
“The equipment used for cryptocurrency mining has never operated on premises owned by our enterprise,” the company denied in a statement. They said any information the SBU has “does not correspond to reality.”
As for why the PS4 Pros were used, that comes down to the flexibility of how cryptocurrency is mined. A wide variety of hardware can be used if it’s set up properly. Of course, the more advanced the better. and Sony’s last-gen console still has plenty to offer miners.
While the SBU didn’t specify how many of consoles seized were PS4 Pros, but there were 3,800 total taken. This operation couldn’t have been cheap, since PS4 Pros still retail for $400 on average. So, if all the consoles were PS4 Pros, it would amount to $1.5 million. While cryptocurrency operations are still lucrative, they are horribly impacting the Earth and the environment in a negative way, because of their enormous carbon footprints.
Crypto-mining has been causing so many problems in the PC market, Nvidia has had to throttle the mining potential of its latest graphic cards so people can use them for what they are actual for: work and gaming.