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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.
Tbh, you're the special kind of stupid. It doesn't matter if the ledger is public because anonymization still enables value to move across legal boundaries (both national and regulatory) such that the notion of legitimacy is irrelevant. It is an infinitely better tool for wholesale laundering than cash. Simply because you haven't figured out how to do it doesn't mean it ain't being done.