United States | News & Politics

2831 readers

872 users here now

Welcome to [email protected], where you can share and converse about the different things happening all over/about the United States.

If you’re interested in participating, please subscribe.

Rules

Be respectful and civil. No racism/bigotry/hateful speech.

Post anything related to the United States.

founded 2 years ago

MODERATORS

[email protected]

The Crypto Racket: Public officials at all levels are propping up a Texas Bitcoin mining boom that’s threatening water and energy systems while afflicting locals with noise pollution. (www.texasobserver.org)

submitted 15 hours ago by [email protected] to c/[email protected]

3 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 3 points 12 hours ago (2 children)

Given that it’s no longer profitable to mine, this should come to a close relatively soon.

[–] [email protected] 4 points 12 hours ago

There was an article claiming that making the rounds a week or two back, but it was highly misleading and didn't understand the technology. Bitcoin automatically adjusts its difficulty so that it's just barely profitable to mine, if it becomes unprofitable then it readjust again in short order to fix that.

[–] [email protected] 2 points 12 hours ago

Bitcoin, sure. They’ll just mine whatever they can.