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#bitcoinmining

1 post1 participant0 posts today
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⚯ Michel de Cryptadamus ⚯

someone hacked an iranian / chinese bitcoin mining pool (#LuBian) for what is now $15 billion worth of bitcoin back in 2020... and no one (other than the victims) seems to have even noticed until a few days ago. the thieves still have the bitcoins.

even in 2020 this was a $3.5 billion heist, making it the largest theft of any kind in human history.

should serve as a reminder that people who advocate for a "bitcoin standard" expect the world's governments to opt in to a system where, if north korea steals america's bitcoins, then it's game over for the american military and retirement system.

x.com/arkham/status/1951729790

X (formerly Twitter)Arkham (@arkham) on XBREAKING: ARKHAM UNCOVERS $3.5B HEIST - THE LARGEST EVER LuBian was a Chinese mining pool with facilities in China & Iran. Based on analysis of on-chain data, it appears that 127,426 BTC was stolen from LuBian in December 2020, worth $3.5 billion at the time and now worth
#PRC#bitcoin#bitcoinMining
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Jan Walraven

Op zoek naar een alternatief voor #spotify? Eerst en vooral: goed! Ten tweede: check #Qobuz. Een Frans bedrijf dat artiesten deftig(er) betaalt dan Spotify en co. Dat is toch al iets. De eerste maand test je gratis. Je kan er ook muziek kopen, zoals op #Bandcamp, en je krijgt er een digitaal muziekmagazine (door mensen gemaakt!) bovenop.

Artiesten die Spotify de rug toekeren, verwijzen naar #Tidal, maar moederbedrijf #BlockInc kondigde recent aan vooral in #bitcoinmining te investeren.

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⚯ Michel de Cryptadamus ⚯

#bitcoin transaction processing (“mining”) output¹ just fell off a cliff after the U.S. bombed #iran.

remember, the perfect use case for bitcoin and other cryptocurrencies is as a medium of exchange between a small cabal of fascist kleptocratic states that don’t trust each other. that’s why russia, iran, and north korea are all so big on bitcoin.

here's an article summing up the known history of iran's bitcoin mining operations: ncr-iran.org/en/publications/s

¹ maybe more properly described as “output”, with scare quotes (it’s really a measure of the amount of energy wasted per bitcoin transaction)

#israel#eupol#uspol
DoomsdaysCW

The noise of #BitcoinMining is driving #Americans crazy

Constant hum of fans that cool #DataCenter computers is turning residents against #Trump's pro-#cryptocurrency agenda

Scientists are increasingly linking 'prolonged exposure to #NoisePollution with cardiovascular damage'

By Harriet Marsden, The Week UK
published 5 days ago

"The relentless '#MechanicalHowl' of a #cryptocurrency mining facility has become 'the soundtrack to life for hundreds of residents' in #GranburyTX, a small rural town in #Texas, said The Guardian.

" ;It echoes across agricultural land and forests, chasing away deer. It seeps into walls, vibrating bedrooms and dinner tables.' One resident said it was as though a 'jet engine is forever stationed nearby'.

"Bitcoin mining has exploded in the US over the past decade, particularly in the wake of Donald Trump's re-election to the White House and his embrace of cryptocurrency. But it's an energy-intensive process: the powerful computers that create and protect the cryptocurrency need fans on the go constantly to cool them down. And across #rural, mostly #Republican towns, residents are getting sick of the noise – and getting sick, full stop."

theweek.com/tech/the-noise-of-

Archived version:
archive.ph/fnuCT

#AIColonialism #NoNukesForAI #AISucks #WaterIsLife #Enshittification #AIPollution #NoisePollution
#DataCenters #USPol #NoisePollution

The Week · The noise of Bitcoin mining is driving Americans crazyConstant hum of fans that cool data-centre computers is turning residents against Trump's pro-cryptocurrency agenda
Miguel Afonso Caetano

"For the last five years, a loud hum has been a continual backdrop to birdsong and the occasional barking dog in the village of Dresden, New York state.

Coming from the nearby Greenidge Generation power plant, which had been mothballed for years before, the sound has angered some local people.

"It's an annoyance," says Ellen Campbell, who owns a house on Seneca Lake a short distance away. "If I sit out by the lake, I would rather not hear that.

"We didn't sign up for the constant hum."

The issue here in Dresden, a village of about 300 people surrounded by winding country roads, single-track rail lines and farms growing grapes and hops, sounds like a familiar story about the tension between nature-loving locals and economic development.

But their annoyance is also a signal of something less expected – policies of US President Donald Trump meeting resistance from people in the rural areas whose votes drove his return to the White House.

And the cause? Bitcoin mining.

An energy-intensive process that relies on powerful computers to create and protect the cryptocurrency, Bitcoin mining has grown rapidly in the country over recent years. The current administration, unlike Joe Biden's, is intent on encouraging the industry.

Trump has said he wants to turn the US into the crypto-mining capital of the world, announcing in June 2024 that "we want all the remaining Bitcoin to be made in the USA". This has implications for rural communities throughout the US – many of whom voted for Trump."

bbc.com/news/articles/cx2qg6e0

www.bbc.comThe loud hum sparking unrest in Trump's MAGA heartlandsTrump has said he wants to turn the US into the crypto-mining capital of the world - but that has real-world implications for many of his core voters
#USA#Trump#Crypto
🌎 Experiencia interdimensional

New research estimates that the 34 largest Bitcoin mining operations in the United States consumed more electricity in 2022 than all of Los Angeles combined. 85% of the electricity came from fossil fuels and exposed 1.9 million Americans to more than 0.1  μg/m3 of additional PM2.5 pollution.

Read Full Article

#BitcoinMining #ElectricityConsumption #FossilFuels #EnvironmentalImpact #PM25Pollution https://doi.org/10.1038/s41467-025-58287-3
Reenviado desde Science News
(https://t.me/experienciainterdimensional/7824)

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