Bitcoins/Litecoins/Virtual Currencies

Tuco

I got Tuco'd!
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They have a name for people like you, too. Mary Sue.

Just because you think things are looking up doesn't mean they are. It just means you're unwilling to acknowledge reality. That's not healthy either.
I don't know who "they" are but if you see them tell them to find a new name because mary sue is taken.

 
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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.


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.


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...
A basic off-grid Bitcoin mining setup requires 40–50 solar panels (14–17.5 kW), 40–120 kWh of battery storage, and supporting equipment, costing $36,500–$65,000. Breakeven could occur in 3–6 months with optimal conditions (0.15 BTC/month at $80,000/BTC), but realistic scenarios suggest 9–18 months or longer if difficulty or price fluctuates. Location, cooling needs, and market conditions heavily influence these estimates. For precise planning, assess local sunlight, rig efficiency, and current Bitcoin network data.
 

Khane

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Well the thing about the meteoric rise of BTC is that it has never not been anything short of incredibly worth it to mine.
 

Flobee

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I wonder what the calculus is around having it in Dallas and not using solar in any way.
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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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
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:emoji_nose: 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 :
  1. House operating with buffer
  2. Home powerwalls fully charged (facilitating buffer)
  3. Left over runs a miner(s)
But looking at that it would take a massive PV farm for that.
 

Seananigans

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Crazy to see industrial strength bitcoin miners in the middle of a Texas neighborhood.


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

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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.
 

Tuco

I got Tuco'd!
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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.
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

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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

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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FWIW, extreme constant noise pollution does have some very serious health consequences.
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

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FWIW, extreme constant noise pollution does have some very serious health consequences.

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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