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In some cases miners literally steal electricity or other resources to mine, so carbon pricing won't affect scenarios like that [1]. Maybe we can treat those as
by kevingadd 6y ago
In some cases miners literally steal electricity or other resources to mine, so carbon pricing won't affect scenarios like that [1]. Maybe we can treat those as a rounding error... At the point where miners are willing to do things like build a transformer station you're in wild territory way beyond a neighbor tapping into your cable line for free TV. If the money's good, what's stopping a connected miner from bribing the right people to get a discount on electricity and skip the carbon tax?
[1] https://modernconsensus.com/cryptocurrencies/bitcoin/russian-power-firm-illegal-crypto-miners-steal-9-5m/ https://modernconsensus.com/cryptocurrencies/bitcoin/russian...
- wmf 6y agowhat's stopping a connected miner from bribing the right people to get a discount on electricity and skip the carbon tax? International sanctions. Civilize or die.