Crypto myth busted: Users haven't mined Ether using a PlayStation 5 yet

Crypto myth busted: Users haven't mined Ether using a PlayStation 5 yet

The original report from GizChina said that a software developer had modified the CPU and graphics cards on the new gaming console to mine crypto. While users might still be able to adapt some gaming consoles for mining cryptocurrency, evidence suggests that recent reports of a modified PlayStation 5 mining Ether (ETH) are fake.According to a report from news outlet GizChina, Chinese software developer Yifan Gu mined Ether using a PlayStation 5. The report claimed that the developer may have overclocked the PS5’s AMD Ryzen CPU and AMD Radeon GPU cards to achieve a mining hash rate of 98.76....


Related News

No Point Separating the Virtual From The Real, Father Of Playstation Criticiz...

The creator of PlayStation is unimpressed by the metaverse. Ken Kutaragi, the father of Sony’s Playstation, has shared his thoughts on the metaverse narrative that is gaining traction. The former Sony executive believes the metaverse concept of dividing the real and virtual worlds is pointless. Playstation Inventor Unimpressed With The Metaverse In an interview with […]

Ken Kutaragi, Father of the Sony Playstation, Criticizes Current Metaverse Push

Ken Kutaragi, father of the Sony Playstation, has issued his opinion about the metaverse narrative currently developing on the market. The former executive of Sony stated that he saw no point in the metaverse idea of separating the real world from the virtual one. Playstation Inventor Bashes Current Metaverse Conception Ken Kutaragi, one of the inventors of the Sony Playstation, has criticized the conception of the metaverse that some companies are currently pushing. Kutaragi stated in an interview with Bloomberg his opinion about how the metaverse is being conceived, declaring....

3,000+ PlayStation Consoles Discovered In Raid, Modified To Mine Crypto

We’ve seen esports and gaming get integrated in the crypto landscape left and right lately – but not quite in ways like this. Thousands of PlayStation consoles were  last week modified to mine crypto. The Details Of The Operation The Ukrainian Security Service (SBU) raided the operation last week for allegedly stealing electricity; the SBU […]

Is Sony Preparing For Betting With Bitcoin On PlayStation?

Sony Interactive Entertainment has published a patent that has been released this month that could potentially pave the way for PlayStation users to bet on competitive esports events with bitcoin. Let’s take a look at the patent and what it all means. Sony’s Patent The firm’s patent is titled “E-sports Betting Platform”. While the patent […]

Illegal Use of Cryptocurrency Largely a Myth, Russian Lawmaker Says

Only a small share of cryptocurrency transactions have illicit purposes and the use of digital coins in illegal activities is for the most part a myth, a high-ranking Russian lawmaker has recently stated. Andrey Lugovoy, who is one of the deputies working on new crypto regulations, also said Russia can become a global leader in crypto mining. Russian Developers Working on Software Detecting ‘Dirty’ Cryptocurrency The illegal use of cryptocurrencies is largely a myth, according to Andrey Lugovoy, a member of the working group on crypto regulation at the State Duma, the lower....