Crypto Miners in Georgia Consume 10% of the Entire Nation’s Power
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Crypto Miners in Georgia Consume 10% of the Entire Nation’s Power
1–10 of 38 posts
Re: Crypto Miners in Georgia Consume 10% of the Entire Nation’s Power
#2I guess the thinking is that there's no way to enforce legislation to stop mining? Something's gotta give here though.
Re: Crypto Miners in Georgia Consume 10% of the Entire Nation’s Power
#3I wonder what can be done about this. These crypto calculations are totally useless RNG and are trashing our planet. One solution I have seen is to charge for power on a non linear scale so for normal users its fairly cheap but if you start to use very high amounts of power it becomes more expensive per kwh.
This method doesn't sit too well with me but I don't have any other better suggestions.
Re: Crypto Miners in Georgia Consume 10% of the Entire Nation’s Power
#4What changed to cause the weeklong outages they're blaming on the mining? As if they can fix that, this still seems like a win for everyone.
Re: Crypto Miners in Georgia Consume 10% of the Entire Nation’s Power
#5> region where electricity is free
That's your problem right there. You either need floating prices or strict regulation to prevent misallocation of resources.
Re: Crypto Miners in Georgia Consume 10% of the Entire Nation’s Power
#6I wonder what can be done about this. These crypto calculations are totally useless RNG and are trashing our planet. One solution I have seen is to charge for power on a non linear scale so for normal users its fairly cheap but if you start to use very high amounts of power it becomes more expensive per kwh. This method doesn't sit too well with me but I don't have any other better suggestions.
Electricity in this area is currently free:
> The problem reportedly persists in the Svaneti region where electricity is free due to harsh living conditions. Free electricity has drawn quite a lot of enterprises and the area has developed into a Bitcoin mining economy that is also “patronised by high-ranking officials” according to locals quoted by Kommersant daily. The locals face frequent power outages.
"What can be done" is: sell electricity at market rate, and rebate the proceeds to the residents in the area. The economic situation will be effectively the same, but bitcoin miners won't be able to freeload electricity.
Re: Crypto Miners in Georgia Consume 10% of the Entire Nation’s Power
#7I wonder what can be done about this. These crypto calculations are totally useless RNG and are trashing our planet. One solution I have seen is to charge for power on a non linear scale so for normal users its fairly cheap but if you start to use very high amounts of power it becomes more expensive per kwh. This method doesn't sit too well with me but I don't have any other better suggestions.
Increasing demand for renewable energy - thrashing our planet ?
Re: Crypto Miners in Georgia Consume 10% of the Entire Nation’s Power
#8I wonder what can be done about this. These crypto calculations are totally useless RNG and are trashing our planet. One solution I have seen is to charge for power on a non linear scale so for normal users its fairly cheap but if you start to use very high amounts of power it becomes more expensive per kwh. This method doesn't sit too well with me but I don't have any other better suggestions.
Increasing demand for renewable energy - thrashing our planet ?
Every KwH spent on useless calculations could be better spent heating a home, lighting a room, smelting some ore, or literally anything productive.
Re: Crypto Miners in Georgia Consume 10% of the Entire Nation’s Power
#9Interesting headline because it's totally accurate and there is nothing wrong with it but it still feels very misleading.
Does anyone know what the AP standard is for referencing the country VS the state of Georgia? Is this discouraged?