Bitcoin
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- neverscared3
Bitcoin miners in the US get 85% of their energy from fossil fuels and emit as much CO2 as 3.5 million cars.
They also raise the price of electricity for homes in the area (5% in Texas), by increasing demand.
The Real-World Costs of the Digital Race for Bitcoin
Bitcoin mines cash in on electricity — by devouring it, selling it, even turning it off — and they cause immense pollution. In many cases, the public pays a price.Texas was gasping for electricity. Winter Storm Uri had knocked out power plants across the state, leaving tens of thousands of homes in icy darkness. By the end of Feb. 14, 2021, nearly 40 people had died, some from the freezing cold.
Meanwhile, in the husk of a onetime aluminum smelting plant an hour outside of Austin, row upon row of computers were using enough electricity to power about 6,500 homes as they raced to earn Bitcoin, the world’s largest cryptocurrency.
The computers were performing trillions of calculations per second, hunting for an elusive combination of numbers that Bitcoin’s algorithm would accept. About every 10 minutes, a computer somewhere guesses correctly and wins a small number of Bitcoins worth, in recent weeks, about $170,000. Anyone can try, but to make a business of it can require as much electricity as a small city.
In Texas, the computers kept running until just after midnight. Then the state’s power grid operator ordered them shut off, under an agreement that allowed it to do so if the system was about to fail. In return, it began paying the Bitcoin company, Bitdeer, an average of $175,000 an hour to keep the computers offline. Over the next four days, Bitdeer would make more than $18 million for not operating, from fees ultimately paid by Texans who had endured the storm.
The New York Times has identified 34 such large-scale operations, known as Bitcoin mines, in the United States, all putting immense pressure on the power grid and most finding novel ways to profit from doing so. Their operations can create costs — including higher electricity bills and enormous carbon pollution — for everyone around them, most of whom have nothing to do with Bitcoin.
- Ban Bitcoin or CCP?shapesalad
- https://edition.cnn.…shapesalad
- meassuring yourself up to china ... never an intelligent thing... whats next ? the justice system to duterte and phillipines for murder ?neverscared
- what´s next? allowing a kim yong figure as pres. because NK is doing it..so we can do it too?neverscared
- NBQ00-1
it's so funny these pumpers saying it will go to 1 million, now there's others saying it will go to 10 million.
maybe let's go back to 60K first again and see if it can continue at all to and break 100K?
- drgs0
Berkshire Hathaway Announces $4.20 Billion Bitcoin Buy
https://the-bitcoin-bugle.ghost.…- that's more like betting against the dollar news.uan
- lol, didn't Buffet say Bitcoin was a scam and a waste of time & money?NBQ00
- For the last 10 years has he been saying thatdrgs
- https://twitter.com/…shapesalad
- "Warren and Charlie are basically senile at this point...” is Buffett not this guy’s boss?Gnash
- nonsensegrafician
- Well played, drgs. I was waiting and wondering.Nairn
- Another shocking story I just saw
https://onlysky.medi…yuekit - lol Max ShaftMrT
- This is total bs. BH does not own any btc nor will they ever own any. Owning a bank that owns some is not exactly the same thing (assuming that's what thisformed
- is). Just do a quick search, there is nothing from any reputable source.formed
- BH is however selling their long held Banking stocks. As they are getting out of US banks before more collapse.shapesalad
- @formed - check out the rest of the BTC articles on that site.Nairn
- sted1
- shapesalad0
decentralised exchange to use
- drgs0
Diskutieren
- what are those numbers on the right scale? why are they different in each graph.
other than that...nr 3 and 4, both bottom lines are probably realistic.uan - my view: it looks like there is not much space for big movement, it will probably stay around 30K up and down while the pros milk the market.uan
- Right scale is price, fucked it up a bit. Consider the possibility of a soon resolution to the Ukr war. Good news, optimism, SPX recovers, all ponzis pumpdrgs
- Summers are usually slow, so we'll seedrgs
- nr 3 and 4
https://s3.tradingvi…drgs - I hope it's 3...but I read to much palimpsest on qbn and don't believe there are nice things now.uan
- Fantasplodges agree with you
https://imgur.com/a/…drgs - those look cool, thank you.
probability of someone else reading this comments is really low, btw.uan
- what are those numbers on the right scale? why are they different in each graph.
- Krassy2
is Bitcoin still a thing?
Is the hype over?
No new suckers, I mean, *buyers? no selling? stuck?
- zaq0
I asked ChatGPT about that, and here is what it told me:
This information provides a general overview of Bitcoin usage today, indicating an overall trend of growth in terms of trading volume, daily transactions, user bases of major exchanges and wallets, and business adoption. It is important to note that this data may fluctuate due to the volatile nature of cryptocurrencies. The most recent data up to today's date (May 2023) is not available in this summary and could be updated with a more recent search.
- https://i.imgur.com/…zaq
- https://i.imgur.com/…zaq
- Imagine the stock manipulation possible by biasing which sites are crawled for queries like thisscarabin
- drgs0
- neverscared0
US woman who hired hitman using bitcoin to kill ex-husband gets five years in prison
Kristy Lynn Felkins of Nevada pleaded guilty in March to murder-for-hire charge as part of a deal to avoid trialA Nevada woman who admitted to hiring a hitman on the internet for $5,000 in bitcoin to kill her ex-husband “and make it look like an accident” was sentenced to five years in prison.
Kristy Lynn Felkins, 38, of Fallon, Nevada, pleaded guilty in March to a charge of murder-for-hire as part of a deal with federal prosecutors that avoided trial, court records show.
A US district court judge in California also ordered on Thursday that Felkins be released under supervision for three years after she serves her prison sentence.
- How was she caught? Did the hitman website just grass her up?microkorg
- bainbridge-2
Have any Crypto coins surged in the last year?
Bitcoin could last but are Doge and all the scammy ones officially dead?
- XRP?
https://www.coindesk…grafician - Also bitcoin is the worst one by consuming so much energy to mine during the hottest climate ever, remember?grafician
- XRP?
- drgs-4
Feeling bullish
Discuss
- That means it will crash :)NBQ00
- this thing still on?hans_glib
- Bitcoin goes down when everyone wants to buy, and goes up when everyone has forgotten about itdrgs
- maybe get some alzheimer patients into bitcoin then...neverscared
- drgs-1
Up only
- NBQ003
Back over 40K, nice one drgs
- Who tf is still buying this shit?grafician
- Charts look good. I might buy more :)monospaced
- all that tether printing fake USD again ... hooray... last pump up i guess...neverscared
- except it isn't doing that ... are you confused?monospaced
- all the money in crypto came from someone, it's totally real circulated moneymonospaced
