New York becomes first state to restrict cryptocurrency mining
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Re: New York becomes first state to restrict cryptocurrency mining
#2[deleted]
Re: New York becomes first state to restrict cryptocurrency mining
#3"permits for fossil fuel plants used for cryptocurrency mining that utilizes “proof-of-work authentication.”".
I don't get it. Are cryptominers running their own oil generators in NY?
Edit: https://apnews.com/article/bitcoin-mining-new-york-power-pla...
What the ...
Re: New York becomes first state to restrict cryptocurrency mining
#4"permits for fossil fuel plants used for cryptocurrency mining that utilizes “proof-of-work authentication.”". I don't get it. Are cryptominers running their own oil generators in NY? Edit: https://apnews.com/article/bitcoin-mining-new-york-power-pla... What the ...
Vertical integration baby!
Re: New York becomes first state to restrict cryptocurrency mining
#5"permits for fossil fuel plants used for cryptocurrency mining that utilizes “proof-of-work authentication.”". I don't get it. Are cryptominers running their own oil generators in NY? Edit: https://apnews.com/article/bitcoin-mining-new-york-power-pla... What the ...
Purely guessing, but I can see a power plant that delivers base payload to mine on the side to make use of the energy not used by the grid. Coal plants usually produce more electricity than needed. Why not use it?
Re: New York becomes first state to restrict cryptocurrency mining
#6While they're at it they should also ban Christmas lights. That too wastes a similar amount of electricity for no "proper" gain.
Re: New York becomes first state to restrict cryptocurrency mining
#7While they're at it they should also ban Christmas lights. That too wastes a similar amount of electricity for no "proper" gain.
Source? I highly doubt Christmas lights for 1 month use as much power as Bitcoin mining throught a year.
Re: New York becomes first state to restrict cryptocurrency mining
#8"permits for fossil fuel plants used for cryptocurrency mining that utilizes “proof-of-work authentication.”". I don't get it. Are cryptominers running their own oil generators in NY? Edit: https://apnews.com/article/bitcoin-mining-new-york-power-pla... What the ...
Purely guessing, but I can see a power plant that delivers base payload to mine on the side to make use of the energy not used by the grid. Coal plants usually produce more electricity than needed. Why not use it?
Because burning coal kills people?
Re: New York becomes first state to restrict cryptocurrency mining
#9Earlier quoted context omitted.
Purely guessing, but I can see a power plant that delivers base payload to mine on the side to make use of the energy not used by the grid. Coal plants usually produce more electricity than needed. Why not use it?
Because burning coal kills people?
Not burning coal also kills people. This isn't something you can reduce to platitudes, particularly if you are a first world professional who never has to worry about the price of fertilizer, about the lung diseases caused by burning dung in a small home stove, about freezing to death in the winter, or not being able to power a water treatment plant, etc.
When you are rich, you can spend a lot more to do all of these things, but when you are poor, coal is often the only option because it's all you can afford. For a lot of nations, upgrading to natural gas is a dream that is unavailable due to the cost, and the same nations lecturing poor countries about the harms of coal are also bidding up the price of natural gas as well as oil to make it unaffordable to the rest of the world, effectively forcing the third world to burn more coal.
Re: New York becomes first state to restrict cryptocurrency mining
#10Earlier quoted context omitted.
Because burning coal kills people?
Not burning coal also kills people. This isn't something you can reduce to platitudes, particularly if you are a first world professional who never has to worry about the price of fertilizer, about the lung diseases caused by burning dung in a small home stove, about freezing to death in the winter, or not being able to power a water treatment plant, etc. When you are rich, you can spend a lot more to do all of these…
As far as power generation goes, burning coal is the most lethal source of electricity we have. Take a look at https://ourworldindata.org/safest-sources-of-energy or any number of other sources for information on the relative harm caused by various energy technologies. There is absolutely no excuse for a rich nation like the United States to be firing up coal plants that were no longer needed just to mine bitcoin. I detest externalities and the short sighted people that exploit them at the expense of the health of humanity.
Edit: Humanity and the planet.