Moreover, the mining operations get favourable electricity rates while residents end up paying the premium. All at a time that the water supply is also scarce, and we all know industrial scale bitcoin mining needs tons of water for cooling.
If it came to your neighborhood, would you still support bitcoin mining?
That's the case in my country. BitFury built huge mining centres in my country and our oligarch has shares of the company. They get electricity for a ridiculously cheap price and consume a lot of it. The government increases electricity prices for us, normal citizens, while BitFury consumes more and more energy every year. They also created a special tax-free zone for them, so they can import anything they wish without paying taxes, while we have to pay them if we want to import something that is worth over $120.
I miss old days when you could buy a GPU and generate some profit at home. I also love fair conditions, not unhealthy benefits that these companies get but sadly, money lights up hell.