Tuco
I got Tuco'd!
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I don't know who "they" are but if you see them tell them to find a new name because mary sue is taken.
Mary Sue - Wikipedia
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Bitcoins/Litecoins/Virtual Currencies
- Thread starter Tripamang
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Tuco
I got Tuco'd!
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Crazy to see industrial strength bitcoin miners in the middle of a Texas neighborhood.
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I wonder what the calculus is around having it in Dallas and not using solar in any way.
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Haus
I am Big Balls!
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Crazy to see industrial strength bitcoin miners in the middle of a Texas neighborhood.
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I wonder what the calculus is around having it in Dallas and not using solar in anyway.
Can't imagine with the current complexity (i.e. hash requirements) that doing it in any large city with a city power grid electrical cost would come in a profitable. Maybe I'm wrong.
I do wonder how much you need in solar to run a mining rig. Let's see what Grok says...
Flobee
Vyemm Raider
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My understanding on why Texas specifically has gone so hard on mining has to do with base load on the power grid. The historical issues Texas' grid has had were due to usage spikes outside of the normal ranges and the grids inability to scale to those needs.
What Bitcoin does for a power grid is allow it to maintain a higher base load over time and remain profitable. So the grid gets bigger, and mining is used to soak that extra capacity, but can be algorithmically scaled down as grid demand goes up. In other words Bitcoin is making the Texas power grid more stable.
As the increased power needs of AI become more of an issue expect the grids anyplace that wants to court that business to grow in size, and Bitcoin mining is an integral part of that
Haus
I am Big Balls!
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There was a whole thing about this in S. America I believe. An area where miners set up shop essentially adjacent to a new hydroelectric facility (dam). And they had a deal with pay really low rates for excess generated power, and then curtail when power demand spiked.
In my head I'm even trying to map out what kind of controller I'd need if I get the land I want to build a house on, then have enough solar to run the whole thing (house plus miner(s
and automatically downshift a miner off line during max AC/usage points for the house. Someone has to have cooked up a solution for that. Basically a system that says it has priorities, when one is covered go to the next : - House operating with buffer
- Home powerwalls fully charged (facilitating buffer)
- Left over runs a miner(s)
Seananigans
Honorary Shit-PhD
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Crazy to see industrial strength bitcoin miners in the middle of a Texas neighborhood.
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I wonder what the calculus is around having it in Dallas and not using solar in any way.
This is pretty fucked up, and a great example of where politicians rarely understand everything they need to understand to be able to make good decisions.
Whatever local city and/or county bureaucrat/politician was required to approve this nonsense directly adjacent to residential zoning likely did not understand the noise consequences. The fucked up part is the company almost certainly DID understand, and didn't give a shit.
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Borzak
Silver Baron of the Realm
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Washington state had extermely low power cost, at least till they started trying to change the hydroelectric situation where they get most of their power from. I don't know if it's the same for industrial compared to residential but when I lived there my power bill was about what a meal cost eating out. Not even a super nice meal.
Was there doing penstock work, the large ducts pipe like structures used to get water down the cascades during snow melt for hydro power. It was at least 10 years ago a giant thing in the state. I think it has been hit hard with politics and environmental issues.
Of topic but we had to get 5" plate bent/semi rolled in Houston and shipped there because there was nobody that could handle it locally. Seemed odd with a ship building area and all the hydroelectric stuff. One of those odd things.
Was there doing penstock work, the large ducts pipe like structures used to get water down the cascades during snow melt for hydro power. It was at least 10 years ago a giant thing in the state. I think it has been hit hard with politics and environmental issues.
Of topic but we had to get 5" plate bent/semi rolled in Houston and shipped there because there was nobody that could handle it locally. Seemed odd with a ship building area and all the hydroelectric stuff. One of those odd things.
Tuco
I got Tuco'd!
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Yeah I wonder what the odds that they will rezone or change the noise regulations. I also wouldn't be surprised if the residential area got rezoned or something and these people were too obstinate to take the buyout to move. I also wonder what they'd need to do to block the sound significantly, including building some tall concrete walls like they do for freeways.
I also doubt the truth of all the residential reports of medical issues, they are probably bullshitting because they just want their quiet homestead back
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Seananigans
Honorary Shit-PhD
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FWIW, extreme constant noise pollution does have some very serious health consequences.
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Tuco
I got Tuco'd!
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Yeah and if i bought a house out in the texan prairie and twenty years later some assholes started ruining it with buttcoin mining I'd ask my nephew to work the chatpgt on the internet machine or whatever to list all the maladies it could cause and I'd swear i was experiencing them all
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Tmac
Adventurer
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Oh for sure, but I also expect angry boomers to exaggerate their symptoms. The noise pollution is enough to raise a stink about; they don't need to add "it gave me cancer and my horse died" to the list to make it legitimate, lol.
It's a shit situation for sure.
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Haus
I am Big Balls!
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Key note should be that ETH is far better positioned to move into the mythical position of "usable for everyday transaction" thanks for it's speed and additional L2s on top of it.Ethereum
Arden
Blackwing Lair Raider
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For sure, better than BTC. Like I've been saying forever, BTC was never going to fulfill that role- just like you wouldn't go buy a hotdog with a gold nugget.
Personally, I'm not sure ETH will ultimately fulfill the daily transaction role either, though.
Haus
I am Big Balls!
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There are already organizations doing a "faux" version of this. Where they issue you a "debit card" and each day whatever you charge a transaction sells some of your ETH and covers it. I assume you could do deposits the same way to build up ETH...
Flobee
Vyemm Raider
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ETH is a bloated garbage chain that has changed identities multiple times over the years. It may well get used for something someday but its hardly the best at what it does. It is neither decentralized, nor fast. Its best attribute is a testnet for things that eventually end up on Bitcoin. If you don't think Bitcoin can or will be used for daily transactions by all means please look into whats is being done with Fediments, Chaumian E-Cash, Liquid swaps, and Lightning. If you don't know about these things then you're speaking from a place of ignorance. If you do then I'd be curious to hear why you don't think they are solving the alleged issues that Bitcoin has.
I think most people just have no clue what actually happening in Bitcoin.
I think most people just have no clue what actually happening in Bitcoin.
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