News U.S. Becomes Global Crypto Mining Leader After China's Ban

[Admin]

U.S., Kazakhstan, and Russia are global bitcoin mining leaders as China bans cryptocurrency mining.

U.S. Becomes Global Crypto Mining Leader After China's Ban : Read more

 

[InvalidError]

With crypto hitting Kazakhstan, I can almost imagine Sacha making another movie about the rises and falls of crypto, maybe even have a segment where he attempts to start a crypto farm for the glory of the minor power of Kazakhstan, or something

Still, any country with meaningful CO2 footprint reduction objectives cannot let itself get invaded by crypto mining and retain green creds as every GWh burnt on crypto-mining is one more GWh coming out of non-renewable power plants, be it directly by burning fuel to catch up with crypto farms' demand or by consuming renewables that would otherwise have reduced use of non-renewables.

 

[Krotow]

Still, any country with meaningful CO2 footprint reduction objectives cannot let itself get invaded by crypto mining and retain green creds as every GWh burnt on crypto-mining is one more GWh coming out of non-renewable power plants, be it directly by burning fuel to catch up with crypto farms' demand or by consuming renewables that would otherwise have reduced use of non-renewables.

Also Europe have noticeable electricity generation shortage prediction for this winter. But money don't smell...

 

[Giroro]

Has California banned crypto mining yet?
Or are their energy czars too busy banning computer monitors that idle at 5W when they would really prefer 4W, or requiring backup generators to be battery powered, or whatever else is their ridiculously useless monster of the week.

At this point, I think the most exciting promise of quantum computing is that some kid is eventually going to crack bitcoin's cryptography and bankrupt it's cult, for the lulz.

 

[InvalidError]

At this point, I think the most exciting promise of quantum computing is that some kid is eventually going to crack bitcoin's cryptography and bankrupt it's cult, for the lulz.

Yay, I'm not the only one hoping conventional crypto will get solved someday and blow the whole thing over if governments don't ban the lawless make-believe currencies first, be it out of taxation self-interests or environmental concerns

Imagine if quantum computing solved wallet crypto, you get to clean out all wallets with enough blocks on the chain to figure out their private key.

 

[korekan]

it should be banned. the profit only goes to several people. and the waste of energy is enormous, not to mention there are cabling, rack, pc components, AC, which will caused e-waste faster and will probably will not reach second hand

 

[escksu]

it should be banned. the profit only goes to several people. and the waste of energy is enormous, not to mention there are cabling, rack, pc components, AC, which will caused e-waste faster and will probably will not reach second hand

No doubt crypto mining is wasting power, numerou other activities too are also wasting powe and should be banned.

1. Smoking is a massive waste of oxygen and resources.

2. Gaming. Those gaming gpus and consoles sucks so much power and does nothing productive.

3. Gasoline cars, esp. those higher than 2L. Fuel guzzlers that serves no purpose. You never need to 3-4L V8 just to be able to move around..

4. Motor racing...

5...alot more to list...

 

[spongiemaster]

it should be banned. the profit only goes to several people. and the waste of energy is enormous, not to mention there are cabling, rack, pc components, AC, which will caused e-waste faster and will probably will not reach second hand

Crypto isn't getting banned in the US. There's no money to be made banning it. The gov't wants to add their name to your list of entities that profit from crypto. There is plenty of money for them to make from regulations and taxation.

 

[InvalidError]

No doubt crypto mining is wasting power, numerou other activities too are also wasting powe and should be banned.

Crypto is wasting power mostly to run a scams, criminal enterprises, illegal gambling rings, etc.

At least smoking, racing, gaming, etc. have entertainment value.

 

[spongiemaster]

Crypto is wasting power mostly to run a scams, criminal enterprises, illegal gambling rings, etc.

At least smoking, racing, gaming, etc. have entertainment value.

Smoking has entertainment value? How much money are people wasting on insurance premiums having to cover the medical costs incurred by smokers?

 

[korekan]

No doubt crypto mining is wasting power, numerou other activities too are also wasting powe and should be banned.

1. Smoking is a massive waste of oxygen and resources.

2. Gaming. Those gaming gpus and consoles sucks so much power and does nothing productive.

3. Gasoline cars, esp. those higher than 2L. Fuel guzzlers that serves no purpose. You never need to 3-4L V8 just to be able to move around..

4. Motor racing...

5...alot more to list...

1. i agree, the smoke can harm other inhale it and it already regulated at most place
2. i dont agree, crypto miners will have many device for their activity, a gamer will only have at most multiple and not running all the same time while miners simultaneously
3. agree, it should be banned if the engine not efficient, in motorbike Euro has a tight regulation even better we will move to EV
4. it will move to EV too
5. others yea many of them should be started to be tight regulated, but the article is for miners, let not go abroad of the topic

Crypto isn't getting banned in the US. There's no money to be made banning it. The gov't wants to add their name to your list of entities that profit from crypto. There is plenty of money for them to make from regulations and taxation.

Probably they are waiting some business impacted because miners, and they can extract from it business complaining about it.

 

[peachpuff]

Crypto isn't getting banned in the US. There's no money to be made banning it. The gov't wants to add their name to your list of entities that profit from crypto. There is plenty of money for them to make from regulations and taxation.

Who better than to start the crypto craze in America than your local Texas senator https://arstechnica.com/tech-policy...lize-texas-electric-grid-heres-why-hes-wrong/ 🙄

 

[InvalidError]

Smoking has entertainment value? How much money are people wasting on insurance premiums having to cover the medical costs incurred by smokers?

I'd be perfectly fine with a ban on smoking. Unfortunately, people have agreed that people's right to slowly kill themselves by smoking outweighs getting rid of most related medical bills. At least most places have passed bans on smoking in public indoors spaces and near entrances to public spaces so non-smokers can be mostly smoke-free. As a kid, I really hated going to smoke-filled restaurants as everything smelled like cigarette even in the non-smoking sections.

 

[InvalidError]

Who better than to start the crypto craze in America than your local Texas senator https://arstechnica.com/tech-policy...lize-texas-electric-grid-heres-why-hes-wrong/ 🙄

Knocking Texas' power grid out with crypto is not a problem for Cruz, he'll just wait it out in Cancun.

 

[spongiemaster]

I'd be perfectly fine with a ban on smoking. Unfortunately, people have agreed that people's right to slowly kill themselves by smoking outweighs getting rid of most related medical bills. At least most places have passed bans on smoking in public indoors spaces and near entrances to public spaces so non-smokers can be mostly smoke-free. As a kid, I really hated going to smoke-filled restaurants as everything smelled like cigarette even in the non-smoking sections.

Agree on all points. A no smoking section in doors is like a no peeing section in the pool.

 

[10tacle]

No doubt crypto mining is wasting power, numerou other activities too are also wasting powe and should be banned.

1. Smoking is a massive waste of oxygen and resources.

So is drinking booze and fizzy soft drinks and coffee/tea. Water is free and better for you.

2. Gaming. Those gaming gpus and consoles sucks so much power and does nothing productive.

It's called entertainment. You can say the exact same about all those TVs and cable DVRs sitting in home theater setups people have at home. Imagine all the power required to run a movie theater. Nothing productive about staring at a screen watching highly paid people regurgitate lines they memorized. Or imagine the power of all those recreational theme parks with roller coasters and whatnot generated. Disney consumes as much power as a small city.

3. Gasoline cars, esp. those higher than 2L. Fuel guzzlers that serves no purpose. You never need to 3-4L V8 just to be able to move around..

Tell that to the farmers who use them to put food on your table.

4. Motor racing...

See #2.

5...alot more to list...
[/QUOTE]

Indeed it is. As are the counterarguments against them.

 

[USAFRet]

3. Gasoline cars, esp. those higher than 2L. Fuel guzzlers that serves no purpose. You never need to 3-4L V8 just to be able to move around..

Tell that to the load of wood in the back of my truck.

 

[InvalidError]

Water is free and better for you.

Nothing is free. If you aren't being billed based on usage, the amortized cost is built into your municipal taxes. If you are using well water, you had to drill the well, have the equipment to use it and maintain that equipment which should also include filters.

Also, depending on where you live, tap/well water may not be safe to drink without additional processing to remove heavy metals and contamination from fracking.