Seized PS4 gaming consoles in Ukraine utilized for FIFA accounts, not crypto mining

The video gaming equipment seized by the Ukrainian authorities was being utilized to develop in-game money and also except farming cryptocurrency.

Seized PS4 consoles in Ukraine used for FIFA accounts, not crypto mining

Last week, CryptoPumpNews reported on the seizure of 3,800 PlayStation gaming consoles purportedly being utilized to extract cryptocurrency. The seized video gaming systems were amongst a stockpile of equipment found by Ukrainian authorities throughout a raid on a farmhouse implicated of damaging electrical meters to take power from the regional grid.

Based on the preliminary records at the time, the PS4 gaming consoles, graphics cards, refining systems and also various other equipment discovered at the scene was being utilized for unlawful crypto mining procedures.

However, according to an examination by Ukrainian service magazine Delo, the confiscated PlayStation gaming consoles were being utilized to create cards and also coins for FIFA Ultimate Team (FUT), a video game setting in the preferred FIFA football video game title.

Players generally need to gain FUT coins and also cards by winning football suits in the video game, yet the broken storehouse was purportedly producing underground market versions of these in-game products. According to Delo, Ukraine’s Secret Service has yet to validate or reject its searchings for, with the firm choosing to maintain information of the recurring examination under covers.

Related: Ukrainian authorities take 3,800 PS4 gaming consoles utilized for unlawful crypto mining

Cointelegraph’s preliminary record did called into question the probability of the unlawful procedure being utilized for crypto mining mentioning:

“PlayStation 4 is not the ideal rig to mine cryptocurrency. Given its slightly outdated configuration compared to many mining rigs available today, even a 16-console PS4 setup would fail to generate meaningful returns with legal electricity usage.”

However, making use of video gaming equipment to extract cryptocurrencies is not unprecedented and also has actually in truth been related to graphics refining device (GPU) lacks for non-crypto mining customers. Increasing need for GPUs from miners paired with an international semiconductor scarcity saw spending plan COMPUTER players incapable to safeguard next-generation graphics cards for their equipment.

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John Lesley/ author of the article

John Lesley is an experienced trader specializing in technical analysis and forecasting of the cryptocurrency market. He has over 10 years of experience with a wide range of markets and assets - currencies, indices and commodities.John is the author of popular topics on major forums with millions of views and works as both an analyst and a professional trader for both clients and himself.

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