Ukraine Security Service Shuts Down Illegal Crypto Farm With 3800 PS4 Consoles Sucking 200k electricity monthly
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fantaskarsef
The interesting part here is actually that a government agency cracked down on it. I guess they were looking for something else than a crypto farm, but still...
D1stRU3T0R
No? They just saw a huge power leak and they just traced down the location. You can't really ask the electricians to find from where it's leaking, maybe the police but who knows, maybe they couldn't find anything.
fantaskarsef
Only that the SBI is not the normal police.
Kaarme
Wasn't there earlier a similar case in the UK? The police thought they would find criminals growing cannabis indoors, but instead found a mining cave. Considering that, it would be no wonder if the cops in Ukraine already suspected they would find miners.
Silva
Absolute cancer this has turned into. Glad authorities are starting to crack down on it, be it on purpose or to trace electricity theft.
geogan
Looks like a nice clean setup. Someone takes pride in their work 😉. Commiserations to the poor chap who spend all his time setting this all up just to have it stolen from him by the government agency I presume before even making any money from it.
fantaskarsef
I don't know, I still guess the SBU / SBI acting on electricity theft wasn't a daily business. Not sure if somebody from Ukraine's a fellow guru, but in my country, electricity theft and even claiming and using an abondoned factory usually is not checked on by the anti terrorist or special security forces in the first place. Might be different with Ukraine's latest history, but that's just the anecdotal puzzle part I chose to find amusing about the news.
KissSh0t
Where does one go and then say... ohh yes kind sir I wish to purchase THREE THOUSAND EIGHT HUNDRED PlayStation 4 consoles... ohh yes, in cash.. yes yes..
schmidtbag
Well, at least they were using PS4s and not something currently in-demand.
Sure you can. More specifically, the utility company can track it down. Assuming people have to pay an electric bill in Ukraine, all buildings have a meter for power usage. Shouldn't be that hard for them to look at their month-by-month data and find something using an absurd amount of power despite profits not going up.
Brit90
They traced the leak to a huge warehouse, since it's probably not a "short circuit" they informed the police. It was probably tagged as a gang related activity, sent in the special police.
They were making over $2000 a day on free electric from the PS4s alone.
Probably a special unit of police and police were involved in the raid. Hard to go unnoticed all that electric.
H83
Maybe they thought they were dealing with criminals/ terrorists using lots of electricity for something bad and when they finally saw all the consoles, they were like" fuck, all this and they are just gamers!?"...:D
TheDeeGee
Good, **** ehm!
SamuelL421
My thoughts exactly, I bet they suspected a drug operation on a scale that meant it was organized crime. Funny though, imagine being geared up for a raid on this big, underground drug farm, only to walk into a bizarre datacenter filled with playstations 😀
Airbud
cryptocurrency is fixing to crash!.....if you own any! = Sell it now!
Watch!
Reddoguk
Someone who's got the brains to set this all up would be treated as a organised criminal group most likely. This is where the SBI come in as these might of made millions if the farm had been running for some time. With lot's of cash these idiots become dangerous because life is cheaper than it's ever been.
DannyD
It's not only bad guys with bad intentions that use crypto just sayin, tho i do agree that nowadays a human life is what .. ten grand?:(
Sixtyfps
This is good what a waste of good electricity. I personally think it should be banned as in reality isnt more then a bunch of numbers on a screen
DannyD
Same as fiat, numbers on a screen.
Banker bailout anyone?
Kaarme
Regular currencies are backed by countries, or a group of countries in Euro's case. It's a huge deal for a country if their currency crashes, especially huge if they have got loans in foreign currencies, so there's quite a lot of pressure to make sure a crash doesn't happen. It still does happen, sometimes, when a dictator with "brilliant" ideas starts to drive his own financial plan in the country, like happened in Zimbabwe, for example. Crypto currencies are backed by absolutely no clear agency whatsoever. In fact it's easy to see the fluctuations in the crypto prices, and the larger cycles, are exactly what many major crypto players love. They are poison for anyone wanting to use it for regular transactions only, though. However, without the possibility to use it for regular transactions, it's not a currency at all.
vbetts
Moderator
Wait you can mine on a PS4? I have 2 of those!
