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The Sony PlayStation 5 Game Console Mining Ethereum with almost 100 MH/s is Not True!

1, Mar 2021

The last few days there seems to be an interesting photo of what is said to be PlayStation 5 (PS5) game console hacked to mine Ethereum (ETH) achieving a hashrate of 98.76 MH/s with a custom mining software. The image has apparently originated from China and the text is in Chinese, but it turns out this was a fake image and the 2D barcode reveals the joke somebody tried to play on everyone. If you read the 2D barcode with your smartphone it will reveal the following text in Chinese language:

娱乐而已并没有此软件哈哈哈

For people that do not understand a word from the above, passing it through Google Translate to see what it means in English translates to the following:

There is no such software for entertainment hahaha

So, no the PlayStation 5 game console is not yet turned into a crypto mining machine for Ethereum (ETH), though it is not entirely impossible for this to happen, considering the gaming console has very good hardware from AMD in the form a Ryzen CPU and a RDNA 2 GPU inside and that can in theory be used for mining with the right software.

The software side on the console for the moment however is pretty closed, so developing a crypto miner is the hard thing to do and nobody apparently made one, otherwise something like 50 MH/s hashrate for Ethash might not be impossible if the hardware is properly utilized.

Maybe we could see PS5 mining farms in the not-so-distant future if the crypto mining craze continues, but for now it is not that time yet. According to Blackout Bingo reviews, console gamers are already not very happy with the PlayStation 5 shortages at the moment with the device not easily obtainable even at a premium over the recommended end user price. If the console becomes an attractive crypto mining device it will become even harder being a gamer and wanting to get a PS5 game console.

Ravencoin Classic (RVC) is a Fork Off the Ravencoin (RVN) Blockchain

25, May 2020

It seems that there is a Ravencoin Classic (RVC) fork off the Ravencoin (RVN) blockchain that has happened along the last RVN hardfork when the new KAWPOW algorithm has been adopted by Ravencoin. The thing that differentiates RVC from RVN is the fact that the Ravencoin Classic retains the original X16R mining algorithm that has been introduced with the launch of RVN. The idea to fork from X16R to X16Rv2 and then to the KOWPOW algorithm for Ravencoin is to keep RVN GPU mining friendly and to drive away secret FPGA/ASIC miners as such apparently exist for X16R and X16v2 already. Yet the Ravencoin Classic (RVC) fork that retains the original X16R algorithm and is being described by F2pool (the largest pool to support RVC mining at the moment) with things such as “RVC can be efficiently mined with GPU cards” and “RVC cannot be efficiently mined with CPU or ASIC mining machines”. Surprisingly or not the mining profitability with GPUs of RVC with X16R is currently lower for the same hardware RVN with KAWPOW. If you want to learn more about blockchain technology, check out this Youtube Channel.

Now, regardless if you support the Ravencoin Classic (RVC) or not, as with other forks if you had Ravencoin (RVN) in a local wallet, then you will be able to claim your RVC coins at 1:1 ratio to do whatever you want with them. You just need to copy the wallet data file to a new installation of the RVC wallet, make sure you use the datadir command line parameter to use a custom folder for the Ravencoin Classic blockchain data as otherwise it will try to overwrite the RVN data you have available. The RVC wallet should have replay protection already, though it is always wise to first move your RVN coins to a new address before doing anything with RVC, just to be on the safe side! Ravencoin Classic (RVC) is currently being traded only on the Longbit crypt exchange which is an Asian one (switch to English language in the upper right corer of the screen), though it accepts international registrations. It however requires you to go through an identity verification process before you can deposit and trade coins, so have in mind that you need to pass that as well.

– To visit the official Ravencoin Classic (RVC) fork website for more details…

MIB Coin (MIB) Mobile Blockchain Mined Only With Smartphones

24, Apr 2020

We have found another interesting mobile-oriented crypto project called MIB Coin (MIB) where everything is done with a smartphone including mining of MIB coins, so we had to give it a try.
MIB stands for Mobile Integrated Blockchain, a mobile blockchain where coins can be mined with a regular Android or iOS-based smartphone via a dedicated application. The project comes form Asia with apparently strong interest in Korea and China, and it seems that not that much interest from the rest of the world for the moment. The MIB coin is traded on Probit, a Korean exchange, as well as CoinBene, a Chinese one with a daily volume of less than 2 BTC at the moment and total market capitalization of about 50. According to CoinMarketCap at the moment for writing this MIB Coin (MIB) is ranked at 1113th place in terms of Market capitalization. The interesting thing here is that the mining can only be done on smartphone, unlike most other similar projects that may have a more efficient mobile miner, but can also be mined on CPU or even GPU with much higher speed, for MIB Coin there are only Android and Apple iPhone miners available.

We have downloaded and tried the MIB Miner Android application, there is one also for Apple iOS smartphones with both not available on the official Application Stores, you need to download and install manually from the official MIB website. On the left of the image above you can see the regular MIB Miner and on the right the MIB Miner Controller application designed for smartphone mining farms apparently. The miner itself requires you to register and generate a wallet address for mining, the mining part of the software is pretty basic and user friendly, no advanced options available. You only select the pool (the default one does not seem to work apparently, but there is a list to choose from) and the load that the miner will have on the smartphone. It seems that the miner may not be very demanding and can be used on battery without performance loss, though it stops mining if the app loses focus, so you must use your phone for mining exclusively.

You will also need to install a Wallet app and not just the mining one, as although the miner can generate a wallet for you, you do not have control for sending or even monitoring the amount of mined coins. Having everything in a single app might’ve been easier for the user in our opinion. We are not sure how things are regarding any monitoring or fail-safe on the hardware status of the smartphone you use for mining such as temperature monitoring to prevent overheating that will stop mining immediately for instance. So far the best we have seen i terms of a mobile mining software is the one from Scala (XLA) and it would be great if other projects can look into the mining software this crypto project has.

– For more information you can check out the official MIB Coin (MIB) website…


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