That sounds like great news! Unless of course if you're the owner of a crypto farm sucking up a limited resource. Sure glad to live in a province governed by sane people.
Great time to check marketplaces for mining GPUs being sold off. They're still valuable even if used at that high throughput for so long. Similar to a cars engine with highway miles vs city miles driven
Nobody mines with GPUs any more, at least not for any significant blockchain. Bitcoin went to industrial ASICs many, many years ago and Ethereum no longer uses proof-of-work mining at all.
Is there any use for used ASICS?
Probably not. The "AS" in ASIC stands for "application-specific", they are designed to be extremely good at just the one specific purpose that they were meant to be used for and if they're good at anything else it's sheer coincidence. In Bitcoin's case that purpose is applying a particular pattern of SHA-256 hashing to a particular-sized blob of data. I doubt there are other applications for that particular sequence of steps.
ASICs likely get used in mining until they burn out, or until they're supplanted by new designs that make them uneconomical to run in the face of competition, so they probably just get recycled.
Excellent, hope the other provinces all follow suit.
Bitdeer Technologies Group, a global leader in blockchain and high-performance computing, has completed the acquisition of a 101 MW site and gas-fired power project near Fox Creek, Alberta. The all-cash transaction, valued at $21.7 million, marks Bitdeer’s first venture in Canada and positions Alberta as a key player in the Bitcoin mining sector.
https://majorprojects.alberta.ca/details/Bitdeer-Crypto-Mining-Facility-Fox-Creek/11568
I feel like everyone involved in a massive fossil fuel plant for bitcoin should be hanged for crimes against humanity.
It's saying it's going to be carbon net Zero through carbon utilization. For me it's too ambiguous to blindly trust it's not going to be harmful to the environment... I wonder if someone smarter can chime in.
I feel like even if it somehow was carbon net zero, which I doubt, the opportunity cost is huge. That energy could have been used for something useful instead, and still been carbon neutral.
What! A right to serve the public at the expense of the cryptobros? What a quaint, old-fashioned idea!
Thank goodness our courts have common sense.
Can we tax the use of ai computing power consumed next?
Good, fuck electricity-wasting crypto bros.
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