Apparently the #eth #crypto switch from #pow to #pos has killed *all* #gpu #mining of the #coin , and the #miners have been largely #unsuccessful switching to other #coins https://www.pcgamer.com/reasons-to-be-ch.. Apparently all it took was 24 hours!
Apparently a #bitcoin #mining #operation got #caught trying to #steal #gas and creating a #secret #powerplant https://gizmodo.com/a-bitcoin-mining-ope.. A local #pub tried to tap into the #gas #supply where I used to live too - on a *live* gas main pipe! It's only because it happened literally directly outside our house that we were able to stop it. If it wasn't for the risk of #explosion , it would have been better to let them do it and then #report them.
I wasn't expecting #crypto to #rebound after #china #banned the #mining and #trading of it! https://www.lotuseaters.com/cryptocurren.. I actually really suspected that #tether and the like had bought into #evergrande and the like, especially how the only other #market coming close to their #growth rate is the #chinese #bubble !
Interesting - #china is about to test a #thorium #reactor https://www.nature.com/articles/d41586-0.. Thorium is a bi-product of #rareearth #metal #mining ... This could be part of am effort to #decentralize away from #imported #uranium - potentially another sign that the #ccp plans to start a #war that could lead to it being #isolated ...
#jordanpeterson has an interesting #podcast on the #advantages of #bitcoin https://www.youtube.com/watch?v=iVym9wto.. One thing I was not aware of is that #bitcoin #mining will apparently come to an end in the 'near' #future ... I still believe for the most part most #crypto #coin is a #pyramidscheme - but I am now more compelled by the #argument they make. I really suspect 99.99% of people using it *do not* understand it, but then that could also be said of standard #money too. I cautiously watch...
Apparently the #police out in #malaysia used a #steamroller to crush #bitcoin #crypto #mining rigs: https://www.vice.com/en/article/7kv739/p.. They say that the devices had been stealing #electricity for their operations.
#chia #crypto #mining is killing the availability of #drives and meaning that getting a #warranty is becoming more difficult: https://www.tomshardware.com/news/crucia.. #crucial looks like they will begin voiding warranty very soon for people who do use their drives for mining.