The typical cryptocurrency mining setup consists of either a wealth of graphics cards on a rack or ASIC miners, but this latest cryptocurrency farm discovered by Ukrainian officials consisted of PS4s.
PlayStation 4 consoles may not be the most efficient for cryptocurrency mining, but it does not matter when you have over 3,800 of them
Since it has been quite difficult to get graphics cards and ASIC miners, these Ukrainian miners took a different approach to mining cryptocurrencies. The illegal mining was discovered by Ukraine’s security service and they reported that over 50 processors, 500 graphics cards and 3,800 PlayStation 4 consoles were seized during a raid. Yes, miners had over 3,800 PS4 consoles set up for mining cryptocurrencies. Sure, it’s an unusual way to mine cryptocurrencies, but it seemed to work for these miners with the large amount of consoles set up for mining.
Memory is one of the most important things to have when extracting cryptocurrencies, specifically memory bandwidth. The best cards for mining all have large amounts of memory with good bandwidth. Although these miners used PS4 consoles for mining, it is certainly not the most efficient way to extract cryptocurrency, but it is certainly capable of with 8 GB GDDR5 that clocks at 5.5 Gbps. With the 256-bit bus, the bandwidth of the PS4 memory is 176 Gbps, which gets the job done mining, but certainly not that big compared to the top mining graphics cards. The inefficiency of the PS4 was the demise of the miners when the Ukrainian officials discovered this farm because it illegally drew large amounts of power from the grid using a set of fake meters to cover their tracks.
Mining cryptocurrencies can be performed on many devices, including the PS4, but it is certainly not the most efficient. When you have 3,800 PS4s and do not pay your electricity bills, you can make money mining cryptocurrencies.
News sources: Tom ‘