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The Lounge
General Discussion
The Economic Limits of Bitcoin and the Blockchain
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[QUOTE="Mark44, post: 6011736, member: 147785"] There are also infrastructure limits on bitcoin and other cryptocurrency miners -- these mining operations take enormous amounts of electricity. From an article about a month ago in my local paper, The Daily Herald ([URL]https://www.heraldnet.com/northwest/in-eastern-washington-denied-bitcoin-miners-turn-belligerent/[/URL]), talking about a Public Utility District in Grant County, WA. For comparison, I just paid my PUD bill today, for just over 500 kWH of electricity for the month of May. The article also mentioned "hardening" the lobby of the Chelan Co. PUD office, to include bulletproof panels and cameras, to protect PUD employees from angry bitcoin miners whose unauthorized use of electricity was shut off. [/QUOTE]
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General Discussion
The Economic Limits of Bitcoin and the Blockchain
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