“They aren’t the best neighbours,” said Grace McGregor, a director with the Regional District of Kootenay Boundary, representing the small municipality of Christina Lake, about DMG Blockchain Solutions.
…
“Frankly, we try to talk to them. They don’t want to talk …They don’t answer us,” said McGregor.
Well the municipality should revoke the license and then turn off the water/power if they don’t cease operation.
To be honest it would be a far less terrible use of power than blowing it on hash cycles for bitcoin.
Not really.
Mining setups are all air-cooled, no raised floor, no hot/cold aisle, etc. And you know the owners just want to turn a buck, so they won’t put those things in.
We’ll end up with yet another shit data centre with terrible uptime (power availability is not great in kootenays/boundary area), and this will draw way more power than necessary form our already taxed and expensive grid.
Weird. The DC I’m aware of in the area has ridiculous uptime over the last 20 years. And it’s one of the big ones.
Bitcoin mining by nature does not produce anything of value… It literally is the most in efficient way to process transactions by design to try and avoid anyone from taking over the the whole chain. Due to built in scarcity mechanism it doesn’t even really produce new bitcoins with much frequency anymore
At least AI has “some” practical use
It’s kind of like the difference between burning piles of cash for funsies and burning piles of cash in your fireplace to heat your home but yes, technically it’s an improvement.
