First as Tragedy, Then as Farce -
Billions of dollars have been hastily poured into the global banking system in a frantic attempt at financial stabilization. Where is the social stability?
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Monday, 19 March 2018
quote [ The city of Plattsburgh, New York announced on Thursday that it is temporarily banning the commercial mining of cryptocurrency for 18 months.
Plattsburgh residents have seen skyrocketing electrical bills — as much as $100 to $200 increases — as a result of commercial cryptomining operations that mine for cryptocurrencies like bitcoin ] Plattsburgh attracted the miners with artificially low rates. Another version of racing to the bottom.
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5th Earth said @ 3:30pm GMT on 19th March
It's a little disingenuous to imply Plattsburgh deliberately attracted the miners. They've had favorable electricity rates due to contracts negotiated decades ago. The flood of miners was an unintended consequences of their low rates.
5th Earth said @ 3:32pm GMT on 19th March
It's a little disingenuous to imply Plattsburgh deliberately attracted the miners. They already had favorable electricity rates due to contracts negotiated decades ago. The flood of miners was an unintended consequence.
<-- Entry / Current Comment
5th Earth said @ 3:30pm GMT on 19th March
It's a little disingenuous to imply Plattsburgh deliberately attracted the miners. They already had favorable electricity rates due to contracts negotiated decades ago. The flood of miners was an unintended consequence.
