Bitcoin miners in Abkhazia are causing blackouts in remote villages [video]
1–10 of 209 posts
Re: Bitcoin miners in Abkhazia are causing blackouts in remote villages [video]
#2The government has closed around 300 mining facilities in order to reduce energy shortages.
There are tens of such videos on the Youtube channel.
Re: Bitcoin miners in Abkhazia are causing blackouts in remote villages [video]
#3Re: Bitcoin miners in Abkhazia are causing blackouts in remote villages [video]
#4Re: Bitcoin miners in Abkhazia are causing blackouts in remote villages [video]
#5Would governments be able to block it?
Can it be DDoS-ed?
Re: Bitcoin miners in Abkhazia are causing blackouts in remote villages [video]
#6There's even been a war in 1992-1993, after the collapse of the USSR [1].
Sometimes I'm still surprised of my ignorance about important facts that happened during my lifetime.
Anyway, the next question for me was: why is electricity so cheap there, and should I assume it's cheap 24/7, and therefore generated with hydro?
Electricity is largely supplied by the Inguri hydroelectric power station located on the Inguri River between Abkhazia and Georgia
there's even a study on Electricty consumption, if you really want to dig deeper into it. [2].
[0]: https://en.wikipedia.org/wiki/Abkhazia
[1]: https://en.wikipedia.org/wiki/War_in_Abkhazia_(1992%E2%80%93...
[2]: http://iccn.ge/files/energy_study_results_abkhazia_2019_eng_...
Re: Bitcoin miners in Abkhazia are causing blackouts in remote villages [video]
#7Bitcoin is so inefficient that it is hilarious that people complaining about the environment also buy bitcoin. If you want to buy into crypto at least go for ethereal
Re: Bitcoin miners in Abkhazia are causing blackouts in remote villages [video]
#8Electricity there is very cheap (ranging from 0.5 to 1.5 US cents per kWh). The government has closed around 300 mining facilities in order to reduce energy shortages. There are tens of such videos on the Youtube channel.
Re: Bitcoin miners in Abkhazia are causing blackouts in remote villages [video]
#9How does the network protocol of bitcoin work? Would governments be able to block it? Can it be DDoS-ed?
I wonder if it's possible to just generate junk transactions and throw them at miners.
Re: Bitcoin miners in Abkhazia are causing blackouts in remote villages [video]
#10Bitcoin is so inefficient that it is hilarious that people complaining about the environment also buy bitcoin. If you want to buy into crypto at least go for ethereal