Quote from: franky1 on Today at 10:56:13 AM

Quote from: LegendaryK on September 20, 2022, 09:04:27 PM

Facts such as the rolling blackouts and increasing energy costs and the increased drain on energy resources,

idiot thinks bitcoin causes rolling blackouts..
i think that Leg-endK things that all bitcoin miners of a pool are housed in one building like an amazon AWS server farm

sorry Leg-end. but a pool is just a data manager single server, that receives data from miners all across the world.. its a little thing called decentralisation

there are not 3-10 locations of mining. there are tens of thousands of locations

the ~1.5m-2m asics are not located in just a half dozen locations putting high pressure on a single power plant that circuit breaks every day..

get real learn something

The way I see it, this "legEND" is never getting a legendary rank in here.

I always find it amazing how some people develop this socialist mentality that makes them think they can limit people's access to some goods and services "for the good of others". He uses words like leeches and parasites, because in his mind it's one apple for each person. You can't go to the market and buy out all apples, if you do it means the system is broken to allow that and you're a parasite.

It's the same with power grid, he lacks the basic understanding of how electricity works. Each power company calculates the amount they can sell. If I decide to set up a mininng operation, I have to write to them and ask if it's possible that I get a certain amount like 100kW for that. If they can spare it, they'll set me up with everything needed to support such draw.
You cannot steal 100kW just like that. You can't put miners anywhere you like. If you do it without thinking you'll trip your breakers first and if you decide to put in bigger ones you'll fru the connection between your house and the nearest HV transformer.

A mining operation cannot cause blackouts. It's up to the power company to limit power to certain businesses if they are unable to provide a constant and stable supply. They will rather stop supplying miners than hospitals if it comes to that and no mining ban is needed for that to happen. The market will always regulate itself and power companies are free to choose how much power they can send to a location.

LegendaryK, you should stop trying to put yourself between the seller and the buyer. You social justice warriors always try to interfere in the market and put your hands in other people's pockets in the name of equality and ecology.