71–80 of 278 posts
It's hard to explain the levels of stupidity in this. - people trading 'coins' in the same way Pokemon / WWF kids trade cards. - thinking this is actually a long-term 'investment' strategy (well its idiots trading with each other ...) - to top it off, siphoning off electricity and giving a load of shitty excuses 'it could be like Seattle's. I don't know where to begin with this Bitcoin crap; it's gotten crazy that so…
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Keep reading after 'unpermitted', and the answer right there in the article: "...running computer servers far too large for the electrical grids of residential neighborhoods"
If you consume more power than what the electrical company can supply your main breaker will trip. Unless those people are bypassing breakers I don’t see what’s the big deal. If the electrical company tells you that you can draw 20A and gives you a 20A breaker then you should be allowed to use it.
That's why they have a different service for business users. If they were equipped to service every home at 100% all of the time, your bill would be about 10x what it currently is.
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If you consume more power than what the electrical company can supply your main breaker will trip. Unless those people are bypassing breakers I don’t see what’s the big deal. If the electrical company tells you that you can draw 20A and gives you a 20A breaker then you should be allowed to use it.
The only purpose of a breaker is to prevent current from heating up wires beyond a safe level. They don't indicate anything about power capacity for a given neighborhood.
> In one instance last year, the transformer outside a bootleg miner’s home overheated and touched off a grass fire, Chelan County PUD officials say.
> But backers insist that a local mining sector, if allowed to grow, will attract other ancillary services, such as software development, and ultimately provide the Basin with some of the tech-fueled prosperity that Seattle has enjoyed. Wow. Any municipality who falls for this crock of shit would be crazy.
It sounds good to people who don’t understand how mining works. Since this argument has been made however, they could make local prices contingent on number of jobs. If you consume x power employing less than y local employees, pay the export rate.
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I realize it's easy to speak in a derogatory manner about something we don't like and hope it will go away, but I think that ignores the reality: for now, and for several years, a lot of people have made a lot of money. It may be an opportunity, or it may be a problem that needs addressing, but after 9+ years, I think there comes a point where it's no longer a sinkhole.
That's not how bubbles work. It can still be worthless snakeoil even if someone pays you for it.
"Beginning Jan. 1, 2012, Chelan County PUD moved to a flat residential rate for electricity of just 2.7 cents per kilowatt hour."[1]
"energy costs can run as low as 2.88¢ per kWh and average 4.13¢ per kWh statewide for industrial customers." [2]
[1] https://www.chelanpud.org/my-pud-services/rates-and-policies
[2] http://choosewashingtonstate.com/why-washington/our-strength...
[edit] The parent article does state a price of 3cents/kwh.
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If you consume more power than what the electrical company can supply your main breaker will trip. Unless those people are bypassing breakers I don’t see what’s the big deal. If the electrical company tells you that you can draw 20A and gives you a 20A breaker then you should be allowed to use it.
The only purpose of a breaker is to prevent current from heating up wires beyond a safe level. They don't indicate anything about power capacity for a given neighborhood.
However when you sign up for Services you sign up for a given Amp level of service, the Power company then has the expectation to be able to supply you with that level of current at that location
Most residential Homes have either 100 or 200amp service. 100amp service would probably be enough to run about 50 cards (assuming each card running at at 250w power draw that may be high no idea)
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Well, aren't there laws that regulate the usage of buildings? Where I live (EU) you definitely cannot host mining racks in living premises. Just to get the higher power links you get questions asked.
I don’t know, but the main point of zoning laws is to prevent disturbances (like you can’t run a shop or a bar in a residential building for obvious noise and crowd concerns), but I don’t see why mining would be problematic. I’d rather have miners in the building rather than the drug-dealing kids that attract police every other week or so. Mining is very peaceful, you just install a piece of hardware and let it run (…
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Well, aren't there laws that regulate the usage of buildings? Where I live (EU) you definitely cannot host mining racks in living premises. Just to get the higher power links you get questions asked.
My thoughts too. In the UK you would have to apply to the local authority for 'change of use' planning consent. Even changing between different classes of commercial use requires consent. This gets posted on the gate outside and in the local press. Anyone is free to write in and make their point known. Finally an official makes a recommendation to a committee of elected representatives at an open meeting. If approved…