Earlier quoted context omitted.
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.
Crypto Miners in Georgia Consume 10% of the Entire Nation’s Power
11–20 of 38 posts
Re: Crypto Miners in Georgia Consume 10% of the Entire Nation’s Power
#12Earlier quoted context omitted.
Every KwH spent on useless calculations could be better spent heating a home, lighting a room, smelting some ore, or literally anything productive.
Oh, they can heat rooms/homes alright!
Re: Crypto Miners in Georgia Consume 10% of the Entire Nation’s Power
#13Interesting 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?
Re: Crypto Miners in Georgia Consume 10% of the Entire Nation’s Power
#14> 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
#15> 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
#16Interesting 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?
You know, there exists a world outside the US. And yet, when "Georgia" and "nation" is mentioned in the same sentence, you feel misled because it doesn't refer to the US state of Georgia? The problem is with you, not with the headline.
Re: Crypto Miners in Georgia Consume 10% of the Entire Nation’s Power
#17I 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
#18Re: Crypto Miners in Georgia Consume 10% of the Entire Nation’s Power
#19Earlier quoted context omitted.
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.
Incidentally, this overcapacity is why some estimate that half the global Bitcoin mining capacity is located in Sichuan and Yunan. Despite that, they just make a tiny dent in the wasted hydropower...
Re: Crypto Miners in Georgia Consume 10% of the Entire Nation’s Power
#20I 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.
I suppose having a particularly steep increase over an amount only cryptominers will hit would be good.