The Great PS5 Mining Hoax
You might have heard whispers about people modifying gaming consoles like the PlayStation 5 to mine cryptocurrency. It sounds wild, doesn’t it? However, before you grab your overcooked PlayStation from a friend, let’s pump the brakes. Reports alleging a developer named Yifan Gu mined Ether using a PS5 have been debunked as bogus!
Details of the Deception
A buzz was created by a report from GizChina claiming Gu overclocked the PS5’s powerful AMD Ryzen and Radeon components to achieve an astonishing hash rate of 98.76 megahertz per second. A screenshot purportedly showcasing the hardware modifications showed the console guzzling 211 watts. Impressive, right? Except, the QR code embedded in the screenshot revealed a twist: “There is no such software.” Cue the laughter!
Timing is Everything
While Yifan Gu was supposedly cracking codes, let’s face it: the odds of someone modifying a PS5 so quickly after its November 2020 release were slim. The gaming world has been clamoring for PS5s like they’re the last slice of pizza at a party—good luck getting your hands on one! It raises eyebrows when a developer would claim to have modified a device with such high demand.
Mining Pros and Cons
So, can you legitimately mine crypto at home using gaming consoles? The reality is, yes—but hold onto your wallet! Using PS5s or PCs fitted with high-end graphics cards can be possible, albeit expensive. Factors like power consumption, initial costs, and inevitable burnout from all that computational strain could have you questioning your life choices. But hey, some folks have gone as far as building mobile mining rigs in their cars. Now that’s a road trip!
Previous Attempts at Console Mining
Remember the rumors from last year about Nintendo’s Switch console doubles as a Bitcoin mining machine? Yeah, the developers over at 1st Playable were quick to smother those allegations. It seems that console mining makes for thrilling tales but not so much for practical applications.
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