Coming soon to your part of the grid ... between this and server farms

#1

Oh yeah, and those pesky little everyday uses of electricity … but wait … since I won’t be able to create wealth out of thin air via crypto mining does this mean that one can still produce other kinds of counterfeit currency? … I promise all of my crypto mining components are Energy Star Certified … the World is just getting way to hard to understand …

And who does not want to dance at the end
Does not know that he must dance - from Rammstein’s Amerika

To paraphrase William Patrick Corgan - Despite all my rage, I am still just a rat in a Skinner Box of a so-called Nonhomogeneous Nation State Cage.

https://cointelegraph.com/news/russia-crypto-mining-ban-2025-2031

…

3 Likes
#2

Server farms and their energy/electricity consumption I understand. Anything ‘crypto’ escapes me completely. What’s to mine? If you need more, just add a 1 and more zeros. It worked for creating usury currencies, why not crypto currency? Just when it seems like I get a handle on it, I lose it. At least I can hold a gold certificate (with no actual gold to exchange it for) in my hand; even if its only good for lighting a fire.

2 Likes
#3

… from the Internet soooooo … IF TRUE … :smile:

… Estimates showed that, in 2023, dedicated mining companies with highly efficient setups would consume about 155,000 kilowatt hours (kWh) of electricity to mine one Bitcoin. The average energy consumed for one Bitcoin transaction is 851.77 kWh, equivalent to about a MONTH of electricity for the average US household.

… and this from last year … A former facilities worker in the U.S. state of Massachusetts is alleged to have stolen nearly $18,000 worth of electricity to run 11 miners in a school’s crawl space.

https://cointelegraph.com/news/man-faces-arrest-over-alleged-crypto-mine-hidden-under-a-school

1 Like
#4

$GizaCoin to the moooon!( Deimos, of course).

St. Weitz Dance incoming?

#5

… a problem not only for Russia …