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New York looks to ban cryptomining to study environmental impacts
Posted by: freeradical
Date: May 13, 2021 01:34AM
I know that there has certainly been a lot of grief about these miners causing the electric bills of locals who get hydro power to skyrocket. This is certainly a new angle to go after these miners.

[www.techspot.com]
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Re: New York looks to ban cryptomining to study environmental impacts
Posted by: RgrF
Date: May 13, 2021 02:47AM
Elon Musk may have just driven a stake into that particular form of cryptocurrency. Sell short if you still can!
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Re: New York looks to ban cryptomining to study environmental impacts
Posted by: Acer
Date: May 13, 2021 01:12PM
I'm not worried about electricity bills as much as the environmental effects of adding that much more demand on world already consuming vast amounts of power. And not to make things or power homes, but to support a virtual currency that could be deleted with a key stroke...and all we'd have left is the waste heat and CO2 it left behind.
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Re: New York looks to ban cryptomining to study environmental impacts
Posted by: pdq
Date: May 14, 2021 08:01AM
Quote
RgrF
Elon Musk may have just driven a stake into that particular form of cryptocurrency. Sell short if you still can!

But...but...it’s a store of value! Not like these worthless “fiat currencies” we’ve been using for hundreds of years.

wink smiley
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