The Crypto Racket: Public officials at all levels are propping up a Texas Bitcoin mining boom that’s threatening water and energy systems while afflicting locals with noise pollution.
The Crypto Racket: Public officials at all levels are propping up a Texas Bitcoin mining boom that’s threatening water and energy systems while afflicting locals with noise pollution.
www.texasobserver.org
The Crypto Racket
Given that it’s no longer profitable to mine, this should come to a close relatively soon.
There was an article claiming that making the rounds a week or two back, but it was highly misleading and didn't understand the technology. Bitcoin automatically adjusts its difficulty so that it's just barely profitable to mine, if it becomes unprofitable then it readjust again in short order to fix that.
Well, that's a bummer. I don't care about the space (other than disliking it), so when someone says something that's inaccurate, I need someone like you to tell me if they're wrong.
Bitcoin, sure. They’ll just mine whatever they can.