Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

US judge halts government effort to monitor crypto mining energy use

theguardian.com

Post reply on HN
Print view View original

71–80 of 92 posts

Re: US judge halts government effort to monitor crypto mining energy use

#71

Post by singleshot_ »

alchemist1e9 wrote: post #69
singleshot_ wrote: post #60

Earlier quoted context omitted.

Lovely language. Bitcoin isn’t “coming,” it’s here and it’s a nightmare. People lose money down this drain every day and there’s next to no way to get it back. A serious transnational criminal problem that must be addressed and if the government wants to keep tabs on who profits from this, that’s be great.

Your assumptions couldn’t be more misguided. It’s glaringly obvious you’re part of the collectivist, statist, authoritarian crowd, like so many out there. But here’s the kicker: Bitcoin, with its Proof of Work (PoW) marvel, is cutting through the tyranny of your majority like a hot knife through butter. Bitcoin is already outperforming the sluggish efforts of the IMF and World Bank, breathing life into renewable ener…

Hopefully you didn’t type all of that on my account, because I can’t possibly read or respond to this type of thing. Good luck in your pursuits.

Re: US judge halts government effort to monitor crypto mining energy use

#72

Post by alchemist1e9 »

singleshot_ wrote: post #71
alchemist1e9 wrote: post #69

Earlier quoted context omitted.

Your assumptions couldn’t be more misguided. It’s glaringly obvious you’re part of the collectivist, statist, authoritarian crowd, like so many out there. But here’s the kicker: Bitcoin, with its Proof of Work (PoW) marvel, is cutting through the tyranny of your majority like a hot knife through butter. Bitcoin is already outperforming the sluggish efforts of the IMF and World Bank, breathing life into renewable ener…

Hopefully you didn’t type all of that on my account, because I can’t possibly read or respond to this type of thing. Good luck in your pursuits.

I have a repository of Bitcoin education materials which allows me to respond to the numerous uneducated comments like yours when I so choose.

Re: US judge halts government effort to monitor crypto mining energy use

#73

Post by RecycledEle »

I think anyone mining crypto currency would carefully track their expenses including their electricity consumption.

So reporting that would be a few lines of scripting, not irreparable harm.

I love screwing environmentalists as much as any muscle car fan, but the headline implies that shenanigans are happening.

Re: US judge halts government effort to monitor crypto mining energy use

#74

Post by gwbas1c »

polski-g wrote: post #51
gwbas1c wrote: post #11

Earlier quoted context omitted.

Because that's the point of government: To govern. Edit: We don't always let people pay "market price" for whatever they want. There's plenty of precedent for rationing: IE, In CA, it doesn't matter how rich you are, you can't water your lawn in a drought. During the 1970s oil embargo, it didn't matter how rich you were, you still had to ration gasoline. In this case, cryptocurrency is both increasing the cost of ele…

> In CA, it doesn't matter how rich you are, you can't water your lawn in a drought Yes, this policy is stupid. If the cost of water rose in response to scarcity, then it would incentivize institutions to build things to alleviate said scarcity and consumers would shift usage habits. Some people would move, some people would build desalination plants. Price fixes are the worst possible choice to a resource scarcity.

> it would incentivize institutions to build things to alleviate said scarcity and consumers would shift usage habits.

That is exactly what happens in CA now.

Re: US judge halts government effort to monitor crypto mining energy use

#75

Post by singleshot_ »

alchemist1e9 wrote: post #72
singleshot_ wrote: post #71

Earlier quoted context omitted.

Hopefully you didn’t type all of that on my account, because I can’t possibly read or respond to this type of thing. Good luck in your pursuits.

I have a repository of Bitcoin education materials which allows me to respond to the numerous uneducated comments like yours when I so choose.

Charming. I’m afraid you’ll find me immune to this disease.

Re: US judge halts government effort to monitor crypto mining energy use

#76

Post by alchemist1e9 »

singleshot_ wrote: post #75
alchemist1e9 wrote: post #72

Earlier quoted context omitted.

I have a repository of Bitcoin education materials which allows me to respond to the numerous uneducated comments like yours when I so choose.

Charming. I’m afraid you’ll find me immune to this disease.

Don’t worry I’m used to collectivists suddenly having reading comprehension issues and being “too busy” to respond when faced with hard to counter arguments.

Re: US judge halts government effort to monitor crypto mining energy use

#77

Post by reaperman »

ThisIsMyAltAcct wrote: post #2

This is the form that miners allege will cause them irreparable injury and has cost them 40 hours to fill out: https://www.eia.gov/survey/form/eia_862/form.pdf

It's also a terrible form. It boils down to just 2 important questions:

* Mining Electric Load: (in MW)

* Mining Hash Rate: (in TH/s)

But it doesn't have a place to specify which cryptocurrency is being mined. Each have a very different hash rate on the same hardware. So this "emergency" data will be useless even if they do collect it.

Re: US judge halts government effort to monitor crypto mining energy use

#78

Post by reaperman »

spdustin wrote: post #24
justrealist wrote: post #7

Earlier quoted context omitted.

Filling out any form for the federal government is actually a big deal, because you incur huge legal liability by being wrong (criminal, if they decide you were lying). Submitting regulatory documents goes through a lot of legal review for a reason, you can't just "spitball" the numbers.

There are many instances of "please provide your best estimate" on the forms, which provides a lot of reasonable doubt for any attempt to prosecute fraud. Besides, the rest of the data required on the forms is almost certainly readily available on monthly invoices from energy providers and suppliers (for the bulk of each Schedule 2's fields), an Excel inventory of their mining units, and a Grafana dashboard showing h…

It doesn't have a field to specify which cryptocurrency you are mining. Which makes the "hash rate" field almost meaningless. This form won't even collect good data.

Re: US judge halts government effort to monitor crypto mining energy use

#79

Post by singleshot_ »

alchemist1e9 wrote: post #76
singleshot_ wrote: post #75

Earlier quoted context omitted.

Charming. I’m afraid you’ll find me immune to this disease.

Don’t worry I’m used to collectivists suddenly having reading comprehension issues and being “too busy” to respond when faced with hard to counter arguments.

I would be entirely unsurprised to learn that you are very accustomed to conversations like this.

Do you figure there’s a reason so many of your conversations turn out this way? Perhaps you choose very dim witted people to talk with? Maybe the problem is that you’re much smarter than everyone, so no matter who you converse with, they end up bowing out half way through because your ideas are too much for them?

I gotta say, this must be a hard way to plow through life but I salute your endurance! Hopefully you manage to get everyone educated up to your level.

Re: US judge halts government effort to monitor crypto mining energy use

#80

Post by rokkitmensch »

mywittyname wrote: post #40
babypuncher wrote: post #36

Earlier quoted context omitted.

Another case of something being done for the right reason, but in the wrong way because our legislative branch refuses to lift a finger.

This is really it. A dysfunctional Congress serves to empower the Executive. And the Judicial branch only serves as a check so long as the Executive cares to follow their rulings. This isn't just a problem if we get a malicious Executive either. If judges keep saying the Executive doesn't have some power unless Congress acts, and Congress continues to not act, then the Executive might be put in a position where they…

s/if/when

At the limit, everything happens.

Post reply on HN