A massive cryptocurrency farm apparently using PlayStation 4 gaming consoles for mining has been shut down in Ukraine for alleged electricity theft.
The illegal crypto farm was set up at an old warehouse in the city of Vinnytsia, according to a July 8 release from the Security Service of Ukraine (SBU). It was reportedly established by residents of the said city and of Kyiv.
The warehouse is located at a former facility of JSC Vinnytsiaoblenerho, from where the miners were allegedly stealing electricity. They also were accused of using electricity meters that showed fake energy consumption.
“According to preliminary estimates, the monthly losses to the state ranged from 5 to …
Keep on reading: Crypto farm using 3,800 PS4s shut down in Ukraine for alleged electricity theft