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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 11 hours ago by [email protected] to c/[email protected]

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[–] [email protected] 4 points 9 hours ago (2 children)

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

[–] [email protected] 3 points 9 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 9 hours ago

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