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

Posted by BeauHD on Thursday August 2, 2018 @12:03PM from the now-we're-talking dept.

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.

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FFS by Anonymous Coward · 2018-08-02 12:43 · Score: 5, Funny

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.