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In the latest industrial disaster, 6 Chinese Bitcoin miners were trapped by a cave-in when their data centre collapsed on top of them. What do you imagine bitc
by simonh 6y ago
In the latest industrial disaster, 6 Chinese Bitcoin miners were trapped by a cave-in when their data centre collapsed on top of them.
What do you imagine bitcoin mining is like? It seems a bit weird to compare it to actual underground mining.
- caf 6y agoIf it's true that Bitcoin mining is concentrated in these regions with cheap coal-fired electricity, there does seem to be a fairly direct linkage from coal-mining to coal-fired power plants to Bitcoin miners without too much of a reach. If Bitcoin mining is using 0.5% of the world's electricity output (a frankly astonishing number) and mining is concentrated in Xinjiang, then what percentage of Xinjiang's electricity usage is going to mining?
- yoavm 6y agoI never said mining Bitcoins was dangerous. Only that it makes a lot of sense that Bitcoin miners are usually not those who get rich from Bitcoin.
- robjan 6y agoThe people down in the mines digging gold / blood diamonds are replaced by computers. I don't think the people who own these computers are being exploited.
- yoavm 6y agoI don't know how people read anymore. I just mentioned that saying "This privileged crypto-colonialism almost exclusively benefits white men" does not contradict with saying Bitcoin is mined in China, like the parent comment was hinting.