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Bitcoin miners in Abkhazia are causing blackouts in remote villages [video]

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Re: Bitcoin miners in Abkhazia are causing blackouts in remote villages [video]

#81
post #79

Earlier quoted context omitted.

Heat pumps are approximately three times as efficient as electric heating.

That needs good insulation first, or am I missing something? Usually space heaters are warmer, but less efficient. Heat pumps are great if you have time to warm up the space but if it's insulated like an open field, you'll be always cold.

Why wouldn't one insulate the space? Heating is no end in itself.

Re: Bitcoin miners in Abkhazia are causing blackouts in remote villages [video]

#82

I've never heard of Abkhazia before, so I had to look it up. It's a partially recognized state, part of Georgia [0]. There'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 gen…

I've been there during my urbex days. Frozen conflict zone, not unlike Transnistria, South Ossetia or Nagorno Karabakh. The border is militarized, except the Georgian side which doesn't seem to consider Abkhazia a threat. Lots of abandoned infrastructure because the native Georgian population was killed and/or fleed, and hasn't been harnessed for some reason. Abkhaz cross the border daily to buy basic stuff from Geor…

It's worth noting that the Georgian majority population was ethnically cleansed (with >5000 civilians killed) from Abkhazia by separatists, with full support and encouragement of Russia[0]. The preeminent Chechen terrorist Shamil Basayev, later responsible for Beslan school siege and other attacks, took part in this war on the Abkhaz side, after being trained for the purpose by the GRU (Russian military intelligence of the Salisbury/Novichok fame)[1]. I guess they kind of lost control of him afterwards, oops.

[0] https://en.wikipedia.org/wiki/Ethnic_cleansing_of_Georgians_...

[1] https://en.wikipedia.org/wiki/Shamil_Basayev

Re: Bitcoin miners in Abkhazia are causing blackouts in remote villages [video]

#83
post #63

Idea to solve the crypto energy problem - sell space heaters as dual purpose crypto miners. People need space heaters. They buy them, but they also mine crypto (as a free byproduct of the space heating). The number of crypto mining space heaters out there dilute the value of dedicated mining so much that people don't bother with it anymore. Even buying the space heater to make money from mining crypto doesn't make th…

Heat pumps are approximately three times as efficient as electric heating.

They also don't provide very much heat output when it's cold outside

Re: Bitcoin miners in Abkhazia are causing blackouts in remote villages [video]

#84

Earlier quoted context omitted.

I've been there during my urbex days. Frozen conflict zone, not unlike Transnistria, South Ossetia or Nagorno Karabakh. The border is militarized, except the Georgian side which doesn't seem to consider Abkhazia a threat. Lots of abandoned infrastructure because the native Georgian population was killed and/or fleed, and hasn't been harnessed for some reason. Abkhaz cross the border daily to buy basic stuff from Geor…

SD cards should be pretty easy to hide as well, unless they do X-rays on your shoes and the like I guess? Could put a micro SD card in a SIM card slot in your phone maybe.

True. But if you check the picture carefully, you will see a soldier spotting me with binoculars :)

Re: Bitcoin miners in Abkhazia are causing blackouts in remote villages [video]

#85

Earlier quoted context omitted.

I am talking about Proof-of-Work being attached to an 'asset' of astronomical value. Governments should ban the transaction of PoW cryptocurrencies on environmental grounds, in addition to the misallocation of computer chips.

Bitcoin without PoW has no value. It's the entire reason it works. Without expending a finite resource to produce another, you can't constrain a money supply nor prevent it from attacks. Governments would be unwise to ban a voluntary system for the same reason they don't ban any other uses of energy that people question the value of (there are plenty). In any case, it will not stop, only move. If not to another massi…

> Without expending a finite resource to produce another, you can't constrain a money supply nor prevent it from attacks.

Correct, but it doesn’t have to be energy intensive. Bitcoin /could/ move to proof of stake, technically.

Re: Bitcoin miners in Abkhazia are causing blackouts in remote villages [video]

#87

So now the developing world will start using their energy to mine BTC instead of manufacturing goods for us to consume. Will this ultimately cause inflation then? Because demand for goods will not be met? This crypto experiment keeps yielding more interesting results.

Industry that needs lots of energy already locates in places with stable grids.

Re: Bitcoin miners in Abkhazia are causing blackouts in remote villages [video]

#88

We should define something like a "Nakamoto scale" . A Nakamoto Type I civilization would be one that converts all available power of a planet into waste heat and funny numbers, a Nakamoto Type II civilization does that with all the power output of a star and so on... basically the Kardashev scale [0] but with the restriction that useful output SHOULD NOT be produced [1]. Edit: lowered requirement level from MUST NOT…

There is a unit named after Nakamoto [1] referring to decentralization, adding another might get confusing.

[1] https://news.earn.com/quantifying-decentralization-e39db233c...

Re: Bitcoin miners in Abkhazia are causing blackouts in remote villages [video]

#89
post #79

Earlier quoted context omitted.

Heat pumps are approximately three times as efficient as electric heating.

That needs good insulation first, or am I missing something? Usually space heaters are warmer, but less efficient. Heat pumps are great if you have time to warm up the space but if it's insulated like an open field, you'll be always cold.

Heat pump is essentially a "reverse mount of a refrigerator", putting heat in and throwing cold out. In the worst case, the pump will degrade into a heating element, only outputting heat from electricity (which is what a regular electric heater does).

Insulation is not a requirement, but will lower your energy needs to keep a steady temperature.

Re: Bitcoin miners in Abkhazia are causing blackouts in remote villages [video]

#90

Earlier quoted context omitted.

I've been there during my urbex days. Frozen conflict zone, not unlike Transnistria, South Ossetia or Nagorno Karabakh. The border is militarized, except the Georgian side which doesn't seem to consider Abkhazia a threat. Lots of abandoned infrastructure because the native Georgian population was killed and/or fleed, and hasn't been harnessed for some reason. Abkhaz cross the border daily to buy basic stuff from Geor…

SD cards should be pretty easy to hide as well, unless they do X-rays on your shoes and the like I guess? Could put a micro SD card in a SIM card slot in your phone maybe.

Many Android phones have a slot for either SIM+SD or a double SIM, so yes
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