Miners run their own power plant

[Jetster]

Mining on a whole new level

Bitcoin-mining power plant raises ire of environmentalists | KATU

Greenidge Generation Holdings Inc.

 

[P4-630]

Here's the link without the FB click id:

Bitcoin-mining power plant raises ire of environmentalists

An obstacle to large-scale bitcoin mining is finding enough cheap energy to run the huge, power-gobbling computer arrays that create and transact cryptocurrency. One mining operation in central New York came up with a novel solution that has alarmed environmentalists. It uses its own power plant.

katu.com

 

[R-T-B]

We've been over this like 12 times now.

a.) The powerplant wasn't closing, it is only being run at full capacity because it was not economical anymore to run the plant at "half mast" for the town in which it operates (The plant also operates way less efficiently at low capacity.) The excess "full power" capacity is then used for mining.

b.) It's been happening for months if not planned for nearly a year: https://www.nbcnews.com/tech/tech-n...uel-firms-alarming-environmentalists-n1280060

c.) as a counter argument, the largest solar project in the North America is currently funded by and for bitcoin.

California-based Mining Company to Build Largest Solar Powered Farm in North America - MinerUpdate

California-based Plouton Mining is planning to build North America’s largest solar-powered bitcoin mining farm in Western Mojave. The site will be fitted with 49 acres of solar panels estimated to generate 10-13 megawatts of electricity daily. The remaining electricity is planned to be secured...

www.minerupdate.com

tl;dr: Not great, but not as bad as pundits will make it out to be either.

 

[P4-630]

c.) as a counter argument, the largest solar project in the North America is currently funded by and for bitcoin.

California-based Mining Company to Build Largest Solar Powered Farm in North America - MinerUpdate

California-based Plouton Mining is planning to build North America’s largest solar-powered bitcoin mining farm in Western Mojave. The site will be fitted with 49 acres of solar panels estimated to generate 10-13 megawatts of electricity daily. The remaining electricity is planned to be secured...

www.minerupdate.com

That's just crazy!!......

 

[Deleted member 24505]

Well now we know where all the video cards have gone

Plant opponents suspect Greenidge of pulling a bait-and-switch, applying to run a power plant but planning to run a mining operation that is taking up more of the plant's power.

Greenidge says mining was not part of the plan when the plant came back online and note they continue to provide power to the grid. From January through June, Greenidge said it used 58% of its power for mining.

Dodgy bastards

 

[TheEndIsNear]

I was trying to get the plant I work at to do it. 1600 Megawatts would power a lot of cards lol.

Well now we know where all the video cards have gone

That is one of my favorite shows of all time. We used to watch it on the bbc channel here in the U.S.

 

[P4-630]

They could have powered a lot of homes/hospitals and what not with it instead....

Dumb cryptomining! Greed..

 

[R-T-B]

They could have powered a lot of homes/hospitals and what not with it instead....

Read my post. They were, and still are.

 

[cst1992]

My hatred for crypto just went on a whole new level.

 

[R-T-B]

That's just crazy!!......

Hey, it's not like our governments been building green energy. I say let the miners do it. At least some of it will go to consumers vs none with our current plan.

 

[cst1992]

Read my post. They were, and still are.

That is not the issue here. The issue is that this thing is like a cancerous growth. Would you allow a tumor to grow in your body because "well, other organs are also getting their energy"?

 

[Deleted member 24505]

They're making a shit ton of money mining, but at least they are providing "some" electricity to the community.

They made 43 million in 3mths, nice, not greedy at all /s

 

[Shrek]

That's just crazy!!......

How so? They are sponsoring their own solar power, not using fossil fuels and helping with the economies of scale. If we disapprove this, will we not be advocating for something much less benign?

 

[cst1992]

They could have powered a lot of homes/hospitals and what not with it instead....

Even if not, put it towards something more useful.
What is crypto, really? Just making more money from money. Reminds me of the dot-com bubble of the 20th century.

 

[trog100]

the haters are gonna hate.. he..he..

trog

 

[R-T-B]

That is not the issue here. The issue is that this thing is like a cancerous growth. Would you allow a tumor to grow in your body because "well, other organs are also getting their energy"?

If it built positive facilities like the green energy plant I linked? Say maybe faught disease or something for analogy sake?

Dunno. I mean it's still a tumor with it's own ugly side effects. Like all things it's a cost evaluation. I just know it's not as black and white as people think.

 

[erocker]

I wonder if there's just a shortcut where I can just burn pollutants in exchange for money?

 

[R-T-B]

I wonder if there's just a shortcut where I can just burn pollutants in exchange for money?

Yes, it's called selling the electricity directly as the plant was already doing.

 

[Deleted member 24505]

It's what happens to the 43 million every 3 mths i'd like to know.

 

[cst1992]

If it built positive facilities like the green energy plant I linked? Say maybe fought disease or something for analogy sake?

Dunno. Like all things it's a cost evaluation. I just know it's not as black and white as people think.

A tumor is never a positive thing. No matter how small; it's just a parasite. And worse than that, it spreads.

the haters are gonna hate.. he..he..

I hate you.

 

[Vayra86]

We've been over this like 12 times now.

a.) The powerplant wasn't closing, it is only being run at full capacity because it was not economical anymore to run the plant at "half mast" for the town in which it operates (The plant also operates way less efficiently at low capacity.) The excess "full power" capacity is then used for mining.

b.) It's been happening for months if not planned for nearly a year: https://www.nbcnews.com/tech/tech-n...uel-firms-alarming-environmentalists-n1280060

c.) as a counter argument, the largest solar project in the North America is currently funded by and for bitcoin.

California-based Mining Company to Build Largest Solar Powered Farm in North America - MinerUpdate

California-based Plouton Mining is planning to build North America’s largest solar-powered bitcoin mining farm in Western Mojave. The site will be fitted with 49 acres of solar panels estimated to generate 10-13 megawatts of electricity daily. The remaining electricity is planned to be secured...

www.minerupdate.com

tl;dr: Not great, but not as bad as pundits will make it out to be either.

How is C a counter argument? Solar is not free to produce and if its not even delivering power to supply a need in the usual demand, its all the more wasteful.

A is also not even an argument. 'Not economical anymore' is the whole idea of it, we're trying to move the economy past coal.

TL DR its probably even worse than you might think.

If it built positive facilities like the green energy plant I linked? Say maybe faught disease or something for analogy sake?

Dunno. I mean it's still a tumor with it's own ugly side effects. Like all things it's a cost evaluation. I just know it's not as black and white as people think.

Its just pure cancer. Name one good thing about it. Decentralized finance? Dream on. The blockchain is already useful without crypto. World peace aint happening either, because the planet's gone by then.

The construction of a solar plant is not by definition a 'positive facility'. Any construction isn't, even, unless it serves a net reduction. This solar farm is additional use of resources.

 

[R-T-B]

A tumor is never a positive thing. No matter how small; it's just a parasite. And worse than that, it spreads.

So establish it's a tumor. I don't see that. I mean they are literally doing more green energy projects than any other player right now.

This is a really weird analogy.

How is C a counter argument? Solar is not free to produce and if its not even delivering power to supply a need in the usual demand, its all the more wasteful.

Because if you read the article some of it does go to consumers. There is almost no permit issued where that is not the case. It's usually greater than 25%.

Name one good thing about it.

I have. And I'm hardly a Proof Of Work optimist but I do not share your negative view of cryptos potential at all.

 

[Solid State Soul ( SSS )]

Hey, it's not like our governments been building green energy. I say let the miners do it. At least some of it will go to consumers vs none with our current plan.

You are a miner, and would love to do whatever to benefit, we get it....

No need to replay to anyone who thinks otherwise

 

[Deleted member 24505]

So establish it's a tumor. I don't see that. I mean they are literally doing more green energy projects than any other player right now.

This is a really weird analogy.


Because if you read the article some of it does go to consumers. There is almost no permit issued where that is not the case. It's usually greater than 25%.

surely its about them making money from mining, the other shit is just so they can justify the mining, which is making pots of money.

 

[R-T-B]

You are a miner

Not really. I barely mine at all anymore. I do it on a screensaver similar to BOINC. I am a computer user first and foremost.

I really might give up mining alltogether this month, but it does provide a nice supplement to my steam games budget. I keep coming back to that.