Monday, June 11, 2018

MAKING SEN$E - Powering Bitcoin

"Cheap power drew Bitcoin miners to this small city.  Then came the backlash" PBS NewsHour 6/7/2018

IMHO:  Bitcoin, and all other 'cryptocurrency,' are a scam.

Excerpt

SUMMARY:  Plattsburgh, New York, doesn't look like ground zero for a gold rush.  But cryptocurrency prospectors have installed thousands of energy-gobbling mining machines while taking advantage of dirt-cheap electric rates.  And the invasion has some locals up in arms, while offering opportunity for others.  Economics correspondent Paul Solman reports on the impacts of Bitcoin mining.

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