Crypto Goes Nuclear: Pennsylvania and Ohio to be Home to Nuclear-Powered Cryptomining

[Solidstate89]

Blockchain is a world changing tech

No it's not.

 

[moproblems99]

No it's not.

Care to elaborate? Because blockchains have other applications than crypto.

 

[R-T-B]

Care to elaborate? Because blockchains have other applications than crypto.

I don't think he's thought about it much.

 

[moproblems99]

I don't think he's thought about it much.

Pretty sure it's because he/she can't play the newest PowerWash Simulator game with his/her current GPU so he/she has to lash out.

 

[Zareek]

I never realized that cyber crime couldn't flourish before crypto! Thanks for bringing that to the forefront of the world.

Amazing such a simple endeavor of banning crypto would stop world cyber crime!

No one ever made that claim, it has just made it a lot easier to get paid and not get caught. Investigators used to follow the money trail. Cryptocurrency has made that nearly impossible.

Well, maybe someone made that claim, but I didn't.

 

[moproblems99]

No one ever made that claim, it has just made it a lot easier to get paid and not get caught. Investigators used to follow the money trail. Cryptocurrency has made that nearly impossible.

Well, maybe someone made that claim, but I didn't.

Hmmm, pretty sure the US proved the money is recoverable, though I don't believe a word they say.

And if you could follow the money trail: Organized crime wouldn't exist. Ask Jimmy Hoffa.

 

[The Von Matrices]

No way this is going to happen. Of all the arguments that can be made for or against this, there is only one that matters - price. Nuclear power is way too expensive - tens of billions of dollars of capital to construct a new plant that produces electricity that is more expensive than renewables. All that matters for cryptocurrency miners is price of electricity, and (unsubsidized) new nuclear power cannot provide electricity cheaper than renewables let alone grid electricity.

 

[R-T-B]

No way this is going to happen. Of all the arguments that can be made for or against this, there is only one that matters - price. Nuclear power is way too expensive - tens of billions of dollars of capital to construct a new plant that produces electricity that is more expensive than renewables. All that matters for cryptocurrency miners is price of electricity, and (unsubsidized) new nuclear power cannot provide electricity cheaper than renewables let alone grid electricity.

Someone didn't read the article.

1.) No new plant, they are purchasing an existing one by shares of capacity, slowly.

2.) It's already happening.

 

[Hargema]

People to government: Please build nuclear reactors for green and much more affordable energy to light up our homes and cities
Government: No, too dangerous, also too expensive, just pay your bills, nothing can be done about it

Government when it understands cryptomining and believes it will be lucrative

Okay we are building one right now to meet our huge cryptomining demand lol

 

[Stimer111]

World need a brain.

Only crypto can bring to world transparent data in time, from milk farm to particle acc.
all these things need to be paid fair and had visible data in, out.
NFT, Coins , ...creating better world just now.

I dream about ranch/farm selling milk, bread and butter only for crypto, no more usd,eur...
Value covered by food value will be always fair.

Jan

People to government: Please build nuclear reactors for green and much more affordable energy to light up our homes and cities
Government: No, too dangerous, also too expensive, just pay your bills, nothing can be done about it

Government when it understands cryptomining and believes it will be lucrative

Okay we are building one right now to meet our huge cryptomining demand lol

Is there any bank which borrow money for crypto farms ?

 

[Solidstate89]

You'll remember this comment when your entire life lives in a blockchain - from democratic voting, to payments, bank accounts, taxes, and even your very own personal token.

I'll be laughing when we're all being sold and bought in the blockchain.



I agree with you. I never wrote that ALL mining would turn green from this.

But it IS relatively easy for crypto to turn green. Algorand, for example, is even carbon negative.

How's that crypto still looking? Wow, what a bright and amazing future. From the time you made this post to today over $2.3 billion in crypto garbage has been hacked, rug pulled and grifted from people.

Boy I sure wish my bank account was on the blockchain.

 

[zlobby]

How's that crypto still looking? Wow, what a bright and amazing future. From the time you made this post to today over $2.3 billion in crypto garbage has been hacked, rug pulled and grifted from people.

Boy I sure wish my bank account was on the blockchain.

But when the govt. does it is all fine?

 

[Solidstate89]

But when the govt. does it is all fine?

Lol when did the government launch a fake speculative asset and grift a bunch of people out of their money?

 

[zlobby]

Lol when did the government launch a fake speculative asset and grift a bunch of people out of their money?

Well, this deserves another wall of text on its own. Short version - it did happen in some countries around the world.

Plus, even the 'mighty' US dollar is extremely speculative asset. Let's not even get started on bonds and such.

 

[Vayra86]

Well, this deserves another wall of text on its own. Short version - it did happen in some countries around the world.

Plus, even the 'mighty' US dollar is extremely speculative asset. Let's not even get started on bonds and such.

The US dollar is tied to a real economy. Stock markets, etc. It represents actual assets, people doing work, etc.

Its not speculative.

 

[TheoneandonlyMrK]

How's that crypto still looking? Wow, what a bright and amazing future. From the time you made this post to today over $2.3 billion in crypto garbage has been hacked, rug pulled and grifted from people.

Boy I sure wish my bank account was on the blockchain.

You got a figure for fiat or has none been stolen.

The US dollar is tied to a real economy. Stock markets, etc. It represents actual assets, people doing work, etc.

Its not speculative.

Yes it is, Forex ?!.

 

[Vayra86]

You got a figure for fiat or has none been stolen.

Yes it is, Forex ?!.

It can be speculative, but always tied to a real economy.

Crypto is not. Its tied to crypto

 

[R-T-B]

Crypto is not. Its tied to crypto

It USED to be tied to the crypto economy, but high fees killed that. Now it is nearly 100% speculative. I can't even picture criminals using bitcoin with its fees. It's nuts.

The dream is dead, sadly.

 

[Vayra86]

No way this is going to happen. Of all the arguments that can be made for or against this, there is only one that matters - price. Nuclear power is way too expensive - tens of billions of dollars of capital to construct a new plant that produces electricity that is more expensive than renewables. All that matters for cryptocurrency miners is price of electricity, and (unsubsidized) new nuclear power cannot provide electricity cheaper than renewables let alone grid electricity.

Hi. Welcome to 2022

Here is the current status in Netherlands

Nuclear makes a comeback in the Netherlands : Nuclear Policies - World Nuclear News

The Netherlands' new coalition government has placed nuclear power at the heart of its climate and energy policy. Some EUR500 million (USD564 million) has been earmarked to support new nuclear build in the period to 2025.

www.world-nuclear-news.org

And it is happening... planning stages underway.

Meanwhile, data centers are planned or built left and right. Crypto or cat pics... you tell me which one will be more profitable... and whether it even matters

 

[medi01]

Such power plants costs billions.

It is shocking that there are people ready to risk billions on crypto bazinga (which literally ALL Nobel laureates in economics ever asked classified as financial bubble).

On the other hand, US power consumption is only going to raise, and raise substantially, so, perhaps it's just an unrelated event of a power plan being built and cryptobazinga being promoted.

 

[R-T-B]

which literally ALL Nobel laureates in economics ever asked classified as financial bubble

It's actually a lot more mixed. You'd be surprised some of the big names hailing crypto as the future.

just an unrelated event of a power plan being built and cryptobazinga being promoted.

It's funded by a crypto group.

 

[zlobby]

It's actually a lot more mixed. You'd be surprised some of the big names hailing crypto as the future.

Crypto IS the future. Well, maybe not Bit and Doge coins, but certainly something like DeFi.

 

[R-T-B]

Crypto IS the future. Well, maybe not Bit and Doge coins, but certainly something like DeFi.

I used to think that. Might still be too, hard to say. But my faith has been shaken a bit.

 

[zlobby]

I used to think that. Might still be too, hard to say. But my faith has been shaken a bit.

It is inevitable. Sad part however is that 'open' blockchains didn't get quite the traction, and now banks and governments will force their closed cryptos on us. Now, that will be bad.

 

[R-T-B]

It is inevitable. Sad part however is that 'open' blockchains didn't get quite the traction, and now banks and governments will force their closed cryptos on us. Now, that will be bad.

Yeah, basically what I see happening too.