News for hackers. Stuff that matters.
Re:Mining Bitcoin with pencil and paper: 0.67 hashes per day... by kevingadd on Monday February 15, 2021 @05:01PM (#26148075)
In some cases miners literally steal electricity or other resources to mine, so carbon pricing won't affect scenarios like that [1]. Maybe we can treat those as a rounding error... At the point where miners are willing to do things like build a transformer station you're in wild territory way beyond a neighbor tapping into your cable line for free TV. If the money's good, what's stopping a connected miner from bribing the right people to get a discount on electricity and skip the carbon tax?

[1] https://modernconsensus.com/cryptocurrencies/bitcoin/russian...

Re:Mining Bitcoin with pencil and paper: 0.67 hashes per day... by wmf on Monday February 15, 2021 @05:55PM (#26148713)
what's stopping a connected miner from bribing the right people to get a discount on electricity and skip the carbon tax?

International sanctions. Civilize or die.