Cryptocurrency Miners Are Building Their Own Electricity Infrastructure (vice.com)

ted_pikul shares a report from Motherboard: Access to cheap electricity can make or break a cryptocurrency mining operation. The latest move in the quest for bargain-basement power rates: building out local power grids. Canadian company DMG Blockchain is building what it hopes will be a fully-functioning substation in Southern British Columbia, which is electrified by hydro power. Building the substation is costing millions of dollars and required building an access road to haul equipment. "[...] the utility will test everything as a completed substation and make sure that the town doesn't blow up when we flip the switch," Steven Eliscu of DMG Blockchain said.

Comments

FFS

[Anonymous Coward]

At what point do people ask themselves "Maybe the fact we have to build extra power stations just so we can verify a few transactions means we've gone full retard?".
Never go full retard people...never go full retard.

Dude look at my /. Id

[rsilvergun]

if I'm still posting after this much time I've long since lost hopes, dreams and aspirations. Dry eyes aren't a problem though. Amazon can ship eye drops same day.

Oh, and is it just me or is the quality of Trolls declining? I mean, can I at least get a Greased up Yoda doll in here or some of Natalie Portman's Hot Grits (I'd display a trademark symbol here but /. doesn't support Unicode...)