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Showing 20 of 477 results by TangentC
Imagine voting based on the value of your assets, where Musk has 100 billion In PoW, anyone's who is mega Rich is free to setup their hardware and start securing, but in PoS, it's down to those entities' judgment if new people can enter.
FTFY.
Normal people can afford to stake in PoS , only the mega rich can afford a warehouse full of ASICs.
I can see the btc cultism is too thick for any reality to sink in.
So I shall leave you , to circle jerk yourselves in the pretense that useless geometrically growing energy waste is sustainable and anything not of your cult is crap.
FYI:
Just like your energy wasting bitcoin, your clueless btc cult wastes too much of another valuable resource my time.
So as the countries ban bitcoin, I shall now ban you from wasting my time with your cult drivel.
Good Day.
So I shall leave you , to circle jerk yourselves in the pretense that useless geometrically growing energy waste is sustainable and anything not of your cult is crap.
FYI:
Just like your energy wasting bitcoin, your clueless btc cult wastes too much of another valuable resource my time.
So as the countries ban bitcoin, I shall now ban you from wasting my time with your cult drivel.
Good Day.
i think i get it
tangentc is just jealous that some people work and put effort in and get rewarded for those efforts, and he just cant cope with not getting paid for doing nothing, so wants to fight and argue that bitcoin should change and reward leachers that dont offer anything to bitcoins security.
what he does not realise is in proof of stake, there is still only a set number of blocks made a day and only a set amount of reward per block. if a PoS coin actually became useful to a wide userbase, where the coin attained value. those 'stakes' no longer allow everyone to get paid.
(too many people fighting over limited slices of pie)
instead only a few hundred 'stakes' out of millions would get paid a day.
where those few hundred 'stakes' would be the ones with the highest value(rich/elite) stake in play.
but hey, tangentc does not care about value. nor security which would cost an attacker billions to fight to break the security. all he cares about is trying to get his hands on some free pie, no matter the consequence
tangentc is just jealous that some people work and put effort in and get rewarded for those efforts, and he just cant cope with not getting paid for doing nothing, so wants to fight and argue that bitcoin should change and reward leachers that dont offer anything to bitcoins security.
what he does not realise is in proof of stake, there is still only a set number of blocks made a day and only a set amount of reward per block. if a PoS coin actually became useful to a wide userbase, where the coin attained value. those 'stakes' no longer allow everyone to get paid.
(too many people fighting over limited slices of pie)
instead only a few hundred 'stakes' out of millions would get paid a day.
where those few hundred 'stakes' would be the ones with the highest value(rich/elite) stake in play.
but hey, tangentc does not care about value. nor security which would cost an attacker billions to fight to break the security. all he cares about is trying to get his hands on some free pie, no matter the consequence
No Franky, you don't get it at all.
Your lack of research on the capabilities of Proof of Stake is showing.
1. Proof of Stake coins transaction fees can be burned, thus as coin transactions increase, this will act as a way to lower the total # of coins.
* Note another one of PoW failings, is the day when no new PoW coins are created , transaction fees of PoW coins have to skyrocket to offset the lost rewards*
Just another reason why PoS is superior to PoW in the long run.
If you have not been an early adopter of Proof of Waste bitcoin, do you really think, you be pushing a product that wastes more energy than a country with no increase in performance or security. I include security, because the same 4 mining pool operators (Bitcoin weakest link) are all that is stopping a 51% attack no matter what bitcoin energy waste. I think you be more honest that that, if you did not personally have a large financial skin in the game on the PoW bitcoin side.
PoW will have to be banned by every country , no country has the resources to power 2 earths worth of energy drain.
Have you checked the carbon footprint of the current financial system? You keep trying to convince us that PoW is so futile, but fail due to lack of valid arguments. You also choose to support PoS by degrading PoW. And I repeat: It has a strong reliance on renewable sources in contrast with almost everything else. That's due to the incentive of the miners to get away their expenses. In other words, the system incentivizes you to not harm the environment for the common good.
Because by having a financial incentive to run a full node, you guarantee that every transaction since the genesis block is attainable by anyone.
But, why should there be a financial reward for this? Isn't your business to want or not want to confirm you have the correct chain; to verify the transactions? The reward for your contribution is the privacy you gain. Why should you make others' fortune less scarce for this (mainly) personal procedure?You know drinking the btc cultist kool-aid is making you a nutjob.
Keep ignoring the countries that ban Proof of Waste, it still will occur,
be sure and post when any country bans a Bank, until then realize your btc cult think is irrelevant in this reality.
Why should miners make all of the money in Proof of Waste, when only the rich can be miners.
In Proof of Stake , everyone that participates in staking can secure and profit from the network.
In your Proof of Waste only rich elites that can afford muti-million warehouses that waste energy with zero increase in performance or security,
if you prefer that , go ahead and slap a slave sticker on your back and wander the streets begging a rich person to be your master.
Everyone that has researched proof of stake, knows N@S is nothing more than propaganda bullshit.
What's N@S?China (formerly bitcoin's largest hash rate miner) has banned it and multiple other countries are talking about following suit.
China's government haven't yet banned themselves. Do you seriously believe PoW will be forbidden by every location on Earth? It seems unrealistic, especially when the majority of the hash rate comes from renewable sources of energy. Instead, transactions rely on a consensus protocol in order to validate account balances and transactions on the system.
At first, you say that XRP does not run with PoW neither with PoS. Afterwards, you use an “instead” and state that they rely on a consensus protocol. May I conclude you don't think PoW and PoS are consensus protocols?In PoW, their is no financial incentive to be a full node. IE: a major flaw in BTC as the blockchain grows.
And the storage becomes cheaper to possess... Besides, why should there be a financial incentive to run a full node? Running a full node is mostly a personal service and doesn't contribute to the network much.ShortHand that has been used for years
N@S = Nothing at Stake
PoW will have to be banned by every country , no country has the resources to power 2 earths worth of energy drain.
XRP does not use PoW or PoS. Don't use your imagination to imply I said anything else.
Because by having a financial incentive to run a full node, you guarantee that the every transaction since the genesis block is attainable by anyone.
You seriously don't understand the value of Full Nodes. I suggest you research them on your own, so you make more informed statements in the future.
.............
Actually No,
The Ripple (XRP) network does not run with a proof-of-work (PoW) system like bitcoin or a proof-of-stake (PoS) system.
Instead, transactions rely on a consensus protocol in order to validate account balances and transactions on the system.
Nice one the same applies to the broken XRP
Actually No,
The Ripple (XRP) network does not run with a proof-of-work (PoW) system like bitcoin or a proof-of-stake (PoS) system.
Instead, transactions rely on a consensus protocol in order to validate account balances and transactions on the system.
I know that, that junk is so good that they managed to permanently loose some of a nuke proof "blockchain", can not happen with bitcoin.
Even worse than PoS.
Actually if all of the bitcoin nodes keep doing that pruned node nonsense instead of running full nodes that hold all of the transactions,
losing a large part of the bitcoin blockchain becomes a real issue in bitcoin's future.
Found a great article that explains why proof of stake isn't a consensus mechanism, but a cunning way for an electronic cash system to operate: Proof of stake is a scam and the people promoting it are scammers.
I hadn't thought of this “Nothing at Stake problem” he speaks of. In proof of work, there's a punishment to those who misbehave, but not in proof of stake. @TangentC, wanna give this a read and tell us where he's wrong?
I hadn't thought of this “Nothing at Stake problem” he speaks of. In proof of work, there's a punishment to those who misbehave, but not in proof of stake. @TangentC, wanna give this a read and tell us where he's wrong?
Nothing at Stake was a falsehood imagined by Greg Maxwell years ago.
Often repeated by those that have little understanding of how things really work.
Everyone that has researched proof of stake, knows N@S is nothing more than propaganda bullshit.
Which is why you see all the new coins ignore Proof of waste and use Proof of Stake.
Falsehoods in N@S are many and most of the time, different people even represent it in different ways,
the only consistent fact is all N@S believers are wrong.
In the years , since the N@S myth was created , has Proof of Stake been decimated by it, Nope, because it is an lie.
In the years, since people have been warning that Proof of Work would be banned due to it waste,
China (formerly bitcoin's largest hash rate miner) has banned it and multiple other countries are talking about following suit.
So from the above you can see the reality is the banning of PoW is happening , and the N@S myth is nothing more than a lie for the unintelligent btc cult followers.
I heard electricity usage from Christmas lights surges around this time of the year. I believe the anti-Christmas groups supported by anti-Christmas entities should start spreading disinformation, and social-engineering attacks before it’s too late to stop Santa.
Be sure to post when China Bans Christmas lights and the rest of the world follows, until then lame.
Quote
PoW vs PoS
So 2014 ish. Forum was flooded with the junk. In your cult confusion, no one is talking about any other coin , only Shitcoins that Use Proof of Waste like Bitcoin.
Proof of Waste Technology is what is being banned.
https://en.cryptonomist.ch/2021/12/10/iceland-limits-electricity-crypto-mining/
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the increase in mining activity is said to be one of the reasons for the sudden energy deficit,
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China’s ban on mining
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Sweden and Norway seem to be moving towards a total ban on mining
Keep thinking Proof of Waste is not a problem.
For those of you still too dense to realize that Proof of Waste is a Dead Tech.
https://www.zerohedge.com/commodities/iceland-energy-crisis-limits-power-heavy-users-including-bitcoin-miners
Let the bitcoin cultist cries of FUD begin.
https://www.zerohedge.com/commodities/iceland-energy-crisis-limits-power-heavy-users-including-bitcoin-miners
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Largest Icelandic Utility Cuts Power To Crypto-Miners Amid Grid Crunch
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This week, a power crisis has developed in Iceland, forcing the island's largest utility company, Landsvirkjun, to reduce electricity to energy-intensive industries, such as data centers and metal smelters, including the denial of new power contracts to crypto miners.
"The reduction does not only apply to fishmeal factories but also to those large users who have curtailable short-term contracts, such as data centers and smelters. Landsvirkjun has also rejected all requests from new customers for energy purchases due to electronic currency mining," according to Iceland Monitor.
All power on the island is generated through renewable sources, with 73% of electricity provided by hydropower plants and 26.8% from geothermal energy, accounting for over 99% of total electricity consumption. The source of the power crisis is low hydro reservoir levels.
"The reduction does not only apply to fishmeal factories but also to those large users who have curtailable short-term contracts, such as data centers and smelters. Landsvirkjun has also rejected all requests from new customers for energy purchases due to electronic currency mining," according to Iceland Monitor.
All power on the island is generated through renewable sources, with 73% of electricity provided by hydropower plants and 26.8% from geothermal energy, accounting for over 99% of total electricity consumption. The source of the power crisis is low hydro reservoir levels.
Let the bitcoin cultist cries of FUD begin.
How long must the protocol run for Bitcoin to prove itself as a multi-generational protocol for a “money”?
No entity has stopped it, after the China FUD, the China Ban, the other FUDs/bans, all the false narratives. OR has dethroned it from being the cryptocurrency with the highest market value.
No entity has stopped it, after the China FUD, the China Ban, the other FUDs/bans, all the false narratives. OR has dethroned it from being the cryptocurrency with the highest market value.
And that is why you can't understand,
China Ban btc mining because of dangers to their power grid was not false, it is FACT.
Learning to see reality and not the delusional claims of a cult, should be a goal for you.
But hey, you are only 15 years old , so you have time to learn, even if that learning is the hard way.
3. Not working as well as you think. At some point , No country will allow bitcoin mining, because their energy waste threatens the entire power grid.
Speculation & FUD.Try News instead of fud.
https://www.bloomberg.com/news/articles/2021-10-13/bitcoin-miners-fleeing-china-could-overload-siberia-s-power-grid
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Bitcoin Miners Fleeing China Could Overload Siberia’s Power Grid
https://protos.com/bitcoin-miners-overload-kazakhstans-electricity-grid-forcing-rations/
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Kazakhstan will ration electricity and even cut off over-consuming customers after a wave of Chinese Bitcoin miners pushed the country’s unprepared power grid to breaking point.
This leaves out of the equation the fact that all kinds of technologies can and will improve, the power grids included. I have no idea whether Siberia a decent reference point for strong power grids that could truly suffer from overload. In fact, one day rising Bitcoin prices could even be an incentive for countries to improve their infrastructure.
Oh and by the way:
https://www.nasdaq.com/articles/research%3A-bitcoin-consumes-less-than-half-the-energy-of-the-banking-or-gold-industries
Let me know when a Country bans banking because the bank threaten the destruction of it's power grid,
then you have an argument, until then you are just living in a delusion of a bitcoin cultist fantasy.
3. Not working as well as you think. At some point , No country will allow bitcoin mining, because their energy waste threatens the entire power grid.
Speculation & FUD.Try News instead of fud.
https://www.bloomberg.com/news/articles/2021-10-13/bitcoin-miners-fleeing-china-could-overload-siberia-s-power-grid
Bitcoin Miners Fleeing China Could Overload Siberia’s Power Grid
1. Satoshi is dead. Bitcoin mining has been centralized to just 4 mining pool operators for over 4 years.
2. All new coins are Proof of Stake, so PoW have already lost the war. Bitcoin users are just too stupid to know it yet.
3. China banned bitcoin mining easily, and so will the other countries in time. Miners can't draw more power than 20000 homes and expect to be able to hide.
4. Proof of Stake network nodes are impossible to stop and can easily move to another country within an hour.
1. You don't know who Satoshi is to know if they are alive or not. And there are a dozen mining pools but it doesn't matter because pools don't own hashrate the miners do and there are far more miners than pools and they are spread around the globe which makes it decentralized.2. All new coins are Proof of Stake, so PoW have already lost the war. Bitcoin users are just too stupid to know it yet.
3. China banned bitcoin mining easily, and so will the other countries in time. Miners can't draw more power than 20000 homes and expect to be able to hide.
4. Proof of Stake network nodes are impossible to stop and can easily move to another country within an hour.
2. It is obvious that nobody including the owners of the shitcoin is going to spend money on mining shitcoins so new coins choose something that is weaker and can be sustained without spending money by the centralized authority.
3. They are free to try. For every country that has banned bitcoin mining there are 50 other countries that have accepted bitcoin mining.
4. Any government or law enforcement can easily kick down the door of the Proof of Shitcoin networks and seize all their funds and gain full control of that shitcoin network.
1. You don't know what I know.
2. LOL, When Ethereum & Cardano PoS networks Marketcap exceeds bitcoin proof of waste, the look on your face is going to bee hilarious.
3. Not working as well as you think. At some point , No country will allow bitcoin mining, because their energy waste threatens the entire power grid.
https://decrypt.co/87293/bitcoin-mining-kazakhstan-power-china-hash-rate-price
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Miners in the country were already starting to disconnect from the grid because of electricity shortages.
So it wasn’t much of a surprise when, last week, Bekbau posted on Twitter a video of a shipping container being packed up with the last of the company’s south Kazakhstan mining rigs, saying Xive was shutting down its mining farm.
So it wasn’t much of a surprise when, last week, Bekbau posted on Twitter a video of a shipping container being packed up with the last of the company’s south Kazakhstan mining rigs, saying Xive was shutting down its mining farm.
4. I can see you know nothing about PoS , if you think kicking down a door makes that big of a difference.
Funny how you ignore that only 4 guys in bitcoin have doors that are worth kicking down.
Slogans and fud that you push do not make for reality. It only attempts to warp reality. The china fud with electricity is rather amusing attempt on your part due to the fact that china is known for lying about well....everything really and, has a 4,000 year history of doing so. Following this logic you can easily see how you would believe everyone else's fud to push whatever coin they currently have, I've already pointed out Cardanos critical flaw which is currently unsolvable. Its betting on AI to catch up and solve the problem. but I doubt that will happen. even if it does the fact its designed to be centralized means its has built in corruption problems.
I do think bitcoins future hashrate has a pareto distro problem. It currently does not. Where in the future it has this problem is unknowable at this time.
I do think bitcoins future hashrate has a pareto distro problem. It currently does not. Where in the future it has this problem is unknowable at this time.
Cardano has no critical flaw, but if you feel it is so critical then you should crash cardano to prove your point.
Forgive me for not holding my breath.
PoW future is not unknowable, it is right in everyone face, just those who for personal financial interest refuse to see it.
PoW is designed to use energy in a competition to earn more than the other competitors.
The huge design flaw and the reason PoW is a technical dead end, their is no limit to the energy required for their competition,
meaning at some point, the PoW miners are not only competing with each other , but also complete against every other person that uses energy.
Your family for example use energy to heat / cool their homes, once bitcoin miners are willing to pay more for the energy than your family,
the price of energy will increase to the point the Bitcoin miners can still afford but your family can't.
But the competition between the miners will eventually reach the point the power grids can no longer sustain them , and the power grids collapse.
Bitcoin PoW Miners are after all nothing but greed in physical form.
Endless Greed not only destroys others , but in the end it destroys the miners as well.
https://forkast.news/headlines/kazakhstans-power-shortages-crypto-miners-scramble/
I imagine the people that are suffering rolling blackouts in Kazakhstan, wish that it was fud and not their reality.
Update:
https://compassmining.io/education/kazakhstans-power-shortage-outage-bitcoin-mining/
https://www.reuters.com/business/energy/kazakhstan-rations-power-after-coal-fired-plant-outages-2021-10-15/
https://eurasianet.org/kazakhstan-to-restrict-crypto-miners-amid-power-shortages
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Facing a sudden energy shortage, officials must be regretting their recent embrace of the crypto industry.
"We have seen that our [country's] electricity consumption has literally increased by 7 percent in one year.
China offered a reality check this summer when it banned cryptocurrency use and mining on its territory.
Many farmers simply moved operations across the border, turning Kazakhstan into the world’s second-largest crypto miner.
The country’s share of global mining soared from 1.4 percent in September 2019 to over 18 percent
*The only real question is how long before Kazakhstan bans PoW based bitcoin to protect their people and power grid. *"We have seen that our [country's] electricity consumption has literally increased by 7 percent in one year.
China offered a reality check this summer when it banned cryptocurrency use and mining on its territory.
Many farmers simply moved operations across the border, turning Kazakhstan into the world’s second-largest crypto miner.
The country’s share of global mining soared from 1.4 percent in September 2019 to over 18 percent
PoW is a winner-take-all-let-the-rest-of-the-world-be-damned algorithm .
Which in the end there will be no winners.
PoS is a cooperative secured network, which requires user join forces to secure the network , at the same time, uses less energy per household than an xbox.
But believe what you like, you have ~2 years before the truth can no longer be hid , even by the cult mentality,
no lights, no heat, no ac, will do what the most profound logical argument can't, it will snap you out of the bitcoin cult mentality.
If you think everycoin not bitcoin is a shitcoin, then you are a bitcoin cult member.
Well, every cryptocurrency, besides Monero, that I've dived into was much worse than Bitcoin, so yeah I'll support Bitcoin instead. No need to label it. I'm not into a cult. There's no leader either way.The rest of the pools are irrelevant since the top 4 mining pool overlords can 51% attack at a moment's notice.
It's not as easy as you say it is. If they'll ever want to reverse a transaction, the miners will know it. It's down to the miners' decision if their attack is going to succeed or not. The miners receive headers which include the height. Thus, a pool can't attack if the miners are unaware of it.But, again, same thing happens with Cardano. As I said, less than 1% of the ADA users, hold the majority of the coins. What makes you think it's more resistant to a 51% attack?
The Leader of Bitcoin is the Bitcoin Dev Team : Blockstream, that has limited the onchain transaction capacity of btc and put out the most of the repeated nonsense.
And the majority of bitcoin cultist regurgitate every false hood they proclaim.
https://www.bitcoinminershashrate.com/cbdc-exploration-organized-by-a-group-of-central-banks/
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Silvergate Bank made the first commitment from the crypto community to the digital assets department.
This is Benjamin Richman, former director of business development and partnerships at the Blockstream bitcoin technology start-up.
This is Benjamin Richman, former director of business development and partnerships at the Blockstream bitcoin technology start-up.
You should actually study Proof of Stake, you would learn alot.
(Go search Cardano or Algorand resources for information, it will enlighten you as to the truth.)
https://www.algorand.com/resources/blog/silvio-micali-lex-fridman-algorand-and-the-blockchain-trilemma
For one thing
Proof of Work miners have fixed % of domination equals to their hashrates.
Four PoW Pool operators have dominated over 51% for over 4 years now.
Proof of Stake domination fluctuates with every coin staked, meaning a pool that has 51% control until they stake,
dominance immediately drops after staking, no longer maintaining 51%. Some PoS coins even ban staking for a given time frame after a stake occurs.
No Proof of Stake pools can maintain 51% domination of a chain due to their staking % always in flux.
While a PoW network can be 51% attacked , basically forever, that can never happen with PoS.
It also means the most deadly 51% freeze attack where all new blocks or transactions are blocked from the chain in PoW , that PoS is totally immune from.
Cardano and other POS are premines and İCO,they are all centralized and Governments can crush them easily. Cardano rich list %1 owns %70 of all coins.
POW you trust decentralization, is secure with miners, in POS you trust to the wealthiest Validator.
POW is hard to ban,POS is easily censorable.
POW coins produced by hardware and electricity,POS is like FED,ecb printer machine brr...
POW is Satoshi Nakamoto choice ,POS is ico,premine and firm venture capitalists.
1. Satoshi is dead.
2. All new coins are Proof of Stake, so PoW have already lost the war. Bitcoin users are just too stupid to know it yet.
3. China banned bitcoin mining easily, and so will the other countries in time. Miners can't draw more power than 20000 homes and expect to be able to hide.
* Have a Nice Day. *
Re: Debunking the "Bitcoin is an environmental disaster" argument.
People have been warning PoW was a technical dead end due to energy waste since 2013.
The Eventual PoW mining ban by every country of the earth is a foregone conclusion.
That is the phase we are entering now.
The bitcoin cults nutjobs will just scream fud like when China banned it.
But China stilled banned it.
Ethereum is switching to Proof of Stake, to solve their PoW problem.
The Eventual PoW mining ban by every country of the earth is a foregone conclusion.
That is the phase we are entering now.
The bitcoin cults nutjobs will just scream fud like when China banned it.
But China stilled banned it.
Ethereum is switching to Proof of Stake, to solve their PoW problem.
Re: Bitcoin and the Power/Energy/Electricity Grid concerns & questions
Hi,
In USA the country is separated in to 3-4 power grids correct?
So the currents grids are version 1.0 meaning the grid distributes constant power electricity to all areas equally regardless of the areas has high energy usage or not?
In Biden's current infrastructure bill they plan to change the grid to Smart Grid 2.0?
Can a Smart Grid detect bitcoin mining and automatically turn off electricity for the bitcoin miners if Biden's government bans bitcoin mining?
In UK there's Smart Meters that shows how much gas/electricity is being used in the home. They replace old meters. These smart meters know when you open the fridge or turn on your tv to monitor your energy usage. They have helped the police catch drug criminals growing cannabis in their homes that requires a lot of energy like bitcoin mining.
In USA the country is separated in to 3-4 power grids correct?
So the currents grids are version 1.0 meaning the grid distributes constant power electricity to all areas equally regardless of the areas has high energy usage or not?
In Biden's current infrastructure bill they plan to change the grid to Smart Grid 2.0?
Can a Smart Grid detect bitcoin mining and automatically turn off electricity for the bitcoin miners if Biden's government bans bitcoin mining?
In UK there's Smart Meters that shows how much gas/electricity is being used in the home. They replace old meters. These smart meters know when you open the fridge or turn on your tv to monitor your energy usage. They have helped the police catch drug criminals growing cannabis in their homes that requires a lot of energy like bitcoin mining.
Yep, 3 power grids.
https://www.electricrate.com/data-center/us-power-grid/
Quote
There are three separate energy networks in the country’s power grid system, split into three regions. They operate independently of each other and exchange very little energy. The Eastern grid and the Western grid mimick the division along the Rocky Mountains (‘The Rockies’) while the state of Texas has its own electric grid.
US has moved to Smart meters already.
Utilities can monitor electricity usage immediately, and they can remotely disable electricity usage at the smart meters.
So if there was a US government ban on bitcoin mining, due to the excessive amount of energy used, their is no way they could hide.
However Proof of Stake design such as Cardano and Algorand use so little electricty, they would not know if you were staking or playing on your xbox.
Plus you could run proof of stake networks off a laptop connected to a battery charged by 1 solar panel and no one would know.
The biggest catalyst for the type of government banning regulation you are concerned with ,
usually only happen once the Bitcoin miners exceed the normal energy capacity of a given country.
China only banned bitcoin mining once it threatened their power grids by draining too much of the China energy resources verses the normal populace.
The following should sum up the energy situation of Proof of work bitcoin mining for you.
_______________________________________________________________________________ _____
https://forkast.news/headlines/kazakhstans-power-shortages-crypto-miners-scramble/
https://compassmining.io/education/kazakhstans-power-shortage-outage-bitcoin-mining/
https://www.reuters.com/business/energy/kazakhstan-rations-power-after-coal-fired-plant-outages-2021-10-15/
https://eurasianet.org/kazakhstan-to-restrict-crypto-miners-amid-power-shortages
Quote
Then China offered a reality check this summer when it banned cryptocurrency use and mining on its territory.
Many farmers simply moved operations across the border, turning Kazakhstan into the world’s second-largest crypto miner.
The country’s share of global mining soared from 1.4 percent in September 2019 to over 18 percent,
Many farmers simply moved operations across the border, turning Kazakhstan into the world’s second-largest crypto miner.
The country’s share of global mining soared from 1.4 percent in September 2019 to over 18 percent,
Quote
Kazakhstan to restrict crypto miners amid power shortages
Quote
Facing a sudden energy shortage, officials must be regretting their recent embrace of the crypto industry.
Then China offered a reality check this summer when it banned cryptocurrency use and mining on its territory.
Many farmers simply moved operations across the border, turning Kazakhstan into the world’s second-largest crypto miner.
The country’s share of global mining soared from 1.4 percent in September 2019 to over 18 percent
Then China offered a reality check this summer when it banned cryptocurrency use and mining on its territory.
Many farmers simply moved operations across the border, turning Kazakhstan into the world’s second-largest crypto miner.
The country’s share of global mining soared from 1.4 percent in September 2019 to over 18 percent
Bans of Bitcoin PoW mining in Kazakhstan , not far away.
China Smarten up, and so will Kazakhstan ,about the dangers of PoW to the people and energy grid,
although odds are Texas holds out until their power grid is destroyed and throws Texas back to the stone age for years.
Watch Texas growing power nightmare here : http://www.ercot.com/
Odds are less than 2 years until a Texas Power Grid collapse during a winter storm, thanks to the increased energy drain by PoW bitcoin miners.
_______________________________________________________________________________ _________________________________________
Permanent Bans of Bitcoin PoW mining in Kazakhstan , not far away.
China Smarten up, and so will Kazakhstan ,about the dangers of PoW to the people and energy grid,
although odds are Texas holds out until their power grid is destroyed and throws Texas back to the stone age for years.
Watch Texas growing power nightmare here : http://www.ercot.com/
Odds are less than 2 years until a Texas Power Grid collapse during a winter storm, thanks to the increased energy drain by PoW bitcoin miners.
China Smarten up, and so will Kazakhstan ,about the dangers of PoW to the people and energy grid,
although odds are Texas holds out until their power grid is destroyed and throws Texas back to the stone age for years.
Watch Texas growing power nightmare here : http://www.ercot.com/
Odds are less than 2 years until a Texas Power Grid collapse during a winter storm, thanks to the increased energy drain by PoW bitcoin miners.
If you're going to make such a criticism, you'd better post a link that works, that's accessible to everyone:
You can't access a .com domain from an IP address registered in Spain.
Sounds like you need a VPN and quit blaming your lack of ability on others.
A lot of countries have been benefitting from China ban on cryptos. Due to the ban, countries that made borders with China saw their crypto mining industry boom. Kazakhstan is one of the most recent countries where the crypto mining interest is surging as "at least $1.5B in economic activity from crypto mining within 5 years" is expected to hit the country. The investment that crypto will bring to the country will be a boost for Kazakhstan's development.
https://cointelegraph.com/news/kazakhstan-expects-at-least-1-5b-in-economic-activity-from-crypto-mining-within-5-years
https://cointelegraph.com/news/kazakhstan-expects-at-least-1-5b-in-economic-activity-from-crypto-mining-within-5-years
Bitcoin PoW mining is a plague on any country dumb enough to invite it in.
Rolling Blackouts anyone.
https://forkast.news/headlines/kazakhstans-power-shortages-crypto-miners-scramble/
https://compassmining.io/education/kazakhstans-power-shortage-outage-bitcoin-mining/
https://www.reuters.com/business/energy/kazakhstan-rations-power-after-coal-fired-plant-outages-2021-10-15/
https://eurasianet.org/kazakhstan-to-restrict-crypto-miners-amid-power-shortages
Quote
Then China offered a reality check this summer when it banned cryptocurrency use and mining on its territory.
Many farmers simply moved operations across the border, turning Kazakhstan into the world’s second-largest crypto miner.
The country’s share of global mining soared from 1.4 percent in September 2019 to over 18 percent,
Many farmers simply moved operations across the border, turning Kazakhstan into the world’s second-largest crypto miner.
The country’s share of global mining soared from 1.4 percent in September 2019 to over 18 percent,
Quote
Kazakhstan to restrict crypto miners amid power shortages
Quote
Facing a sudden energy shortage, officials must be regretting their recent embrace of the crypto industry.
Then China offered a reality check this summer when it banned cryptocurrency use and mining on its territory.
Many farmers simply moved operations across the border, turning Kazakhstan into the world’s second-largest crypto miner.
The country’s share of global mining soared from 1.4 percent in September 2019 to over 18 percent
Then China offered a reality check this summer when it banned cryptocurrency use and mining on its territory.
Many farmers simply moved operations across the border, turning Kazakhstan into the world’s second-largest crypto miner.
The country’s share of global mining soared from 1.4 percent in September 2019 to over 18 percent