Monday, 19 March 2018

For the first time, a US city has banned cryptocurrency mining after large-scale operations used up all its power

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.
[SFW] [business] [+7 Interesting]
[by HoZay]
<-- Entry / Comment History

JWWargo said @ 7:48pm GMT on 19th March
Breaking Bitcoin with a Quantum Computer

JWWargo said @ 7:49pm GMT on 19th March
Breaking Bitcoin with a Quantum Computer

Edit: basically yes it could instantly solve the problem at the heart of the mining system.



<-- Entry / Current Comment
JWWargo said @ 7:48pm GMT on 19th March [Score:1 Informative]
Breaking Bitcoin with a Quantum Computer

Edit: basically yes it could instantly solve the problem at the heart of the mining system.




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