Results 76 to 90 of 90
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04-17-2018, 02:58 PM #76
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04-17-2018, 03:23 PM #77
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04-19-2018, 12:29 PM #78
Invasion of the power snatchers
Public utility districts that own five major hydroelectric dams in Washington’s Mid-Columbia region are coping with huge power demands from cryptocurrency miners that threaten low power rates and the region’s agricultural economy.
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04-19-2018, 11:07 PM #79Banned
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- May 2007
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- Sandy, Utah
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- 14,410
That's the thing it won't get better..yes the tech will get better that does calculations using less energy, but the miners will just add more of those machines. Scale...it's just a really really resource intensive process..I have a decent handle on data center energy consumption.
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04-20-2018, 06:48 AM #80Registered User
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- Nov 2003
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- none
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The Columbia Basin used to be lined by Aluminium smelters.
Then Enron came in and bought all of their electricity contracts in the 90’s.
Now none of those players even exist.
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04-20-2018, 08:19 AM #81
It's 1993 and you're complaining that the internet can't stream video. Innovation is occurring at a rapid pace. We're in the second inning of this ball game.
https://www.forbes.com/sites/sherman.../#1bf04de91bc8
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04-20-2018, 08:36 AM #82
The real issue with these outsiders coming in and using all the power is that here in Chelan, Douglas and Grant counties the PUDs that made this possible were funded locally and were meant to provide affordable power and rural electrification. I have no problem with the local PUDs selling surplus power outside the region. I think these "local" entrepreneurs should have to pay the premium that other buyers of surplus power pay. They should also only get the power they need after true local residential and commercial needs are met.
These bitcoin mines add nothing to the local economy, the article that KQ links says that once these mines are set up they're self running and don't require any workforce to maintain beyond the barest minimum. Even the construction doesn't really add to our community, as they are thrown together in the cheapest way possible and that's only a slight contribution to our local economy. They actually are a drain on our economy with the need to add new infrastructure for local power distribution.
The BTC mining adds nothing of real value, they don't produce anything. It's no different than the .com boom, inflated housing market and mortgage crisis/scheme. A big benefit for a very few people, fuck those guys.
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04-20-2018, 08:39 AM #83Banned
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- May 2007
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- Sandy, Utah
- Posts
- 14,410
Key word.in your article is "trying" until they succeed it's a moot point. Shit uses a ton of energy.
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04-20-2018, 09:11 AM #84
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09-01-2018, 09:37 AM #85
https://zycrypto.com/central-washing...tricity-usage/
This week, officials in Grant County, Washington, have voted to raise the electricity bills of companies that are classified to be in “evolving” industries. However this seems to be a veiled attempt to curb cryptocurrency mining in the rural county.
The process of mining Bitcoin is extremely power consuming, and of course when so much energy is being used, you will run up the electric bill. This leaves miners always on the look for the areas with the lowest energy costs.
Grant County Washington is home to the Grand Coulee Dam, which is the biggest hydropower facility in the United States, and provides locals with some of the best power rates in the country...
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09-01-2018, 10:16 AM #86Registered User
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- Mar 2008
- Location
- northern BC
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- 30,885
If you got a decommissioned saw mill or factory with a big power feed just sitting there its a perfect place to put a bitcoin factory, locally they were just building them in SEACANS
Lee Lau - xxx-er is the laziest Asian canuck I know
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09-16-2019, 08:16 AM #87
Welcome JONG,
I think you'll find this action sports lifestyle and general dentistry website is the ideal resource to workshop your bitcoin ideas. Also, once your mining operation is up and running Bobby can sell you the Lambo of your dreams with all that sweet, sweet cryptocurrency you've found.
In the meantime, please send any extra blade servers and box fans to the main office as a token of appreciation for the vast amounts of gratis mentoring and assistance you will no doubt receive here:
Teton Research Gravity
Attn: New Andrew
1260 West St, Northwest Corner Storage Closet
Wilson, WY 83014I still call it The Jake.
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09-16-2019, 08:29 AM #88
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Blerg“When you see something that is not right, not just, not fair, you have a moral obligation to say something. To do something." Rep. John Lewis
Kindness is a bridge between all people
Dunkin’ Donuts Worker Dances With Customer Who Has Autism
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09-16-2019, 09:32 AM #89Registered User
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- May 2016
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- 3,581
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09-17-2019, 09:49 AM #90
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