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Just as an interesting fact, the electricity price is 7 cents per kwh during the day and 3 cents during the night, these prices make GPU mining very profitable.
by ermir 5y ago
Just as an interesting fact, the electricity price is 7 cents per kwh during the day and 3 cents during the night, these prices make GPU mining very profitable. In the North where the govt. is weak the electricity is simply not paid, this has allowed a ton of small and big mining operations to pop up, the big ones are backed by the local gangs.
- toomuchtodo 5y agoEven more reason to crack down hard on crypto miners.
- conanbatt 5y agoYou think mafias and thugs are reasons to crack down on miners?
- toomuchtodo 5y agoI think all of the negative externalities are reason enough to crack down on miners (gangs, mafia, ponzis, environmental concerns to name a few). Pick any one that makes you most comfortable. If you can still “create value” as a miner in a country that welcomes you, more power (hah) to you.
- Scarblac 5y agoGenerally speaking, the miners are the mafias and thugs.
- superkuh 5y ago
- mraudiobook_com 5y ago
- vhgyu75e6u 5y agoSo you are arguing that all the energy we waste to solve sudokus is small compared to the flights that some bankers do and the oil required to move the armored vehicles with money? Really? Cryptobros are delusional.
- deafsquid69 5y ago
- DonHopkins 5y agoHumanity is capable of performing more than one task at a time. Were you not aware of that fact? Why not? Please stop making lame excuses and tired rationalizations for destructive antisocial behavior, and insisting that nothing be done about it because it's not the only problem in the world. And please stop shilling cryptocurrencies, pushing get-rich-quick pyramid schemes, and trying to deceive people with ridiculous spurious arguments and lies. Nobody's foolish enough to fall for your argument, and it makes you look extremely unethical and sociopathic.
- superkuh 5y agoYeah, you're right. Governments could do both. It's just that I've never seen a major nation actually punish the banking corporations. Iceland's move was impressive though. I don't appreciate your gross stereotype but I do understand it. It may suprise you to learn theres a minority of people that actually use bitcoin as a currency. I've used bitcoin for fun since 2011 and as a currency since 2013. I didn't get rich because I'm not an investor. I don't play around with exchanges and other finance stuff. I just pay for my dot com domains, VPS rent, and buy new computer hardware with it on the blockchain. It's fairly currency-like from my end of the elephant. I completely agree what's going on with financial style scams offchain is nasty and pretty much every "cryptocurrency" created since 2015 has been a pre-mine scam of some abstraction or another.
- timeon 5y agoDo not compare Bitcoin with 'fiat' currency. At the end of the day Bitcoin is not currency.
- traveler01 5y ago> Even more reason to crack down hard on crypto miners. You're speaking like cryptominers are criminals...
- toomuchtodo 5y agoThey are criminals when you outlaw crypto mining, no?