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That’s my town! And it’s actually totally unnoticeable, 98% of people in town have no idea. The real only effect it had on most citizens were the fires that go

That’s my town! And it’s actually totally unnoticeable, 98% of people in town have no idea. The real only effect it had on most citizens were the fires that got started at a few mines, from electrical overloads. Now it’s a big pain if you want a large load of power, which makes starting a high power demand business a lot harder around here. We also have a ton of indoor pot farms, this is the best place in the country to grow indoors because power is so cheap. Since article was written a Diamond foundry opened up, pretty cool use of tons of power, and just about as useless as Bitcoin. Edit:spelling

schmuelio 6y ago
Diamonds aren't quite as useless as bitcoin currently. Bitcoin - as far as I'm aware - is currently mostly used for speculation. Whereas diamonds are very useful in many industrial processes which require hard materials (think cutting/grinding tools). One could argue that diamonds are considerably more useful than bitcoin, most of the world's diamond consumption is for industrial use rather than jewelry.
- mtnGoat 6y ago
  You’re right, that was aimed at the jeweler side of the market. I think the ones being made here are industrial.
csomar 6y ago
> That’s my town! And it’s actually totally unnoticeable, 98% of people in town have no idea. Do you mean that the journalist over-exaggerated the story in a very heated topic to get eyeballs. I'm, for one, very surprised. /s
Mengkudulangsat 6y ago
Fantastic real-world viewpoint! I was beginning to wonder if all these useful / useless arguments are just exaggerated drama. In reality Bitcoin mines are extremely low-profile operations.
- mtnGoat 6y ago
  There is an old shipping container hidden behind our 7-11[0]. Only way to tell what it is, is by the excess venting and security. They popped up everywhere but no one knows what they are. Most are in really rundown, old, or temporary buildings. Another one that they learned some very expensive lessons about heating and cooling is inside this big tower [1] that used to be where they made apple juice by the millions of gallons. [0] https://goo.gl/maps/PEbm8qqVKDL5fnRf8 https://goo.gl/maps/PEbm8qqVKDL5fnRf8 [1] https://goo.gl/maps/6HfgNELGKxwRJiJE6 https://goo.gl/maps/6HfgNELGKxwRJiJE6

schmuelio 6y ago

Diamonds aren't quite as useless as bitcoin currently. Bitcoin - as far as I'm aware - is currently mostly used for speculation. Whereas diamonds are very useful in many industrial processes which require hard materials (think cutting/grinding tools). One could argue that diamonds are considerably more useful than bitcoin, most of the world's diamond consumption is for industrial use rather than jewelry.

mtnGoat 6y ago
You’re right, that was aimed at the jeweler side of the market. I think the ones being made here are industrial.

csomar 6y ago

> That’s my town! And it’s actually totally unnoticeable, 98% of people in town have no idea. Do you mean that the journalist over-exaggerated the story in a very heated topic to get eyeballs. I'm, for one, very surprised. /s

Mengkudulangsat 6y ago

Fantastic real-world viewpoint! I was beginning to wonder if all these useful / useless arguments are just exaggerated drama. In reality Bitcoin mines are extremely low-profile operations.

mtnGoat 6y ago
There is an old shipping container hidden behind our 7-11[0]. Only way to tell what it is, is by the excess venting and security. They popped up everywhere but no one knows what they are. Most are in really rundown, old, or temporary buildings. Another one that they learned some very expensive lessons about heating and cooling is inside this big tower [1] that used to be where they made apple juice by the millions of gallons. [0] https://goo.gl/maps/PEbm8qqVKDL5fnRf8 https://goo.gl/maps/PEbm8qqVKDL5fnRf8 [1] https://goo.gl/maps/6HfgNELGKxwRJiJE6 https://goo.gl/maps/6HfgNELGKxwRJiJE6