Live data from Hacker News

Crypto Miners in Georgia Consume 10% of the Entire Nation’s Power

thedailychain.com

31–38 of 38 posts

Re: Crypto Miners in Georgia Consume 10% of the Entire Nation’s Power

#31

Earlier 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.

Also having to produce more solar panels and wind turbines to run miners is not good for the environment either.

It can - if it helps with the economies of scale, and makes us "get off" fossil fuels earlier.

Re: Crypto Miners in Georgia Consume 10% of the Entire Nation’s Power

#32

Earlier quoted context omitted.

Oh, they can heat rooms/homes alright!

Overheating rooms which then have to be ventilated / air conditioned and aren't even an efficient way to heat an area compared to heat pumps.

Heat pumps can be complicated to set up, and nobody forces you to overheat...

Re: Crypto Miners in Georgia Consume 10% of the Entire Nation’s Power

#35
post #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.

"If something cannot go on forever, it will stop." [0] https://en.wikipedia.org/wiki/Herbert_Stein#Stein's_Law

Wouldn't everything that cannot go on forever, eventually stop?

I mean, that is the definition of forever.

Re: Crypto Miners in Georgia Consume 10% of the Entire Nation’s Power

#36

Earlier quoted context omitted.

Also having to produce more solar panels and wind turbines to run miners is not good for the environment either.

It can - if it helps with the economies of scale, and makes us "get off" fossil fuels earlier.

Normal usage has already done this. New renewable energy sources are cheaper than new fossil fuel sources. Fossil fuels exist mainly today because they have already been set up but mostly for political reasons. Many political parties have built their personal brand around fossil fuels and will continue to use them even when it is illogical.

Re: Crypto Miners in Georgia Consume 10% of the Entire Nation’s Power

#37

Earlier quoted context omitted.

It can - if it helps with the economies of scale, and makes us "get off" fossil fuels earlier.

Normal usage has already done this. New renewable energy sources are cheaper than new fossil fuel sources. Fossil fuels exist mainly today because they have already been set up but mostly for political reasons. Many political parties have built their personal brand around fossil fuels and will continue to use them even when it is illogical.

Not if you consider the intermittency/storage issues.

(And guess what - intermittency isn't a big deal for cryptomining / SETI/Folding@Home either!)

Re: Crypto Miners in Georgia Consume 10% of the Entire Nation’s Power

#38
post #16
post #9

Interesting 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?

> [...] it still feels very misleading [...] referencing the country VS the state of Georgia 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.

I'm writing the comment from outside the US. The fact that they referenced Georgia and "nation" seperately is part of what made me think they were referencing a Georgia that was part of a nation not a Georgia that was a nation. The language is confusing.

Also the GDP of the state of Georgia is 30x larger than the country of Georgia and it has 300% of the population. The state is a drastically more important world player than the country (IE it would be drastically bigger news if this was true of the state than the country). There is nothing US centric about this.

Post reply on HN