Government Crypto Mining North of the Border

Discussion in 'Crypto Assets' started by ph1l, Apr 27, 2022.

  1. ph1l

    ph1l

    Someone had to be first.
    https://finance.yahoo.com/news/fort-worth-texas-city-mine-bitcoin-185043937.html
    So, how much will bitcoin mining lower those notoriously high Texas property taxes? ...
    https://www.asicminervalue.com/miners/bitmain/antminer-s9-14th
    upload_2022-4-27_10-44-40.png
    That's with an electricity cost of $0.08 per kilowatt-hour.
    upload_2022-4-27_10-45-41.png

    But everything is bigger in Texas, including electricity costs.
    https://powertochoose.org/en-us
    upload_2022-4-27_10-48-12.png

    Fortunately for Fort Worth, cities don't pay for electricity -- taxpayers do. So with only three "free" miners donated, Fort Worth taxpayers aren't subsidizing the crypto crowd by too much.
     
    Trader Curt likes this.
  2. LuckyMac

    LuckyMac

    Read this on the news the other day interesting its starting to come into the US now
     
  3. Fain

    Fain

    Economics are distorted when Miners don't care about a sustainable profit.
     
  4. terr

    terr

    I am in TX. My electricity is $0.09/kwh. For the next 2 years at least.
     
  5. Nobert

    Nobert

    One more shortgage/winter like they had a year or two ago & all of those miners goes belly up (?)

    Something is not ,,right" with crypto in general.
    There is catch for goverments in general, something that the public is not aware of.
    There has to be.

    All that i hope for, that it is moraly right & will benefit everyone in the end. Tho, if it's based only on financial perspective, then we a living ,,in a rotten world".
     
    Last edited: Apr 27, 2022
  6. Trader Curt

    Trader Curt

    Then what are you doing trading stocks or commodities if you are not in it for financial gain?