#Mine Bitcoin

[imbux]

How to Mine Bitcoin: An Expert's Guide to Mining BTC

Bitcoin mining is the process of adding new transactions to the Bitcoin blockchain and verifying them by solving complex mathematical problems.

[strilondism]

daves n roses

[mostlysignssomeportents]

“Carbon neutral” Bitcoin operation founded by coal plant operator wasn’t actually carbon neutral

I'm at DEFCON! TODAY (Aug 9), I'm emceeing the EFF POKER TOURNAMENT (noon at the Horseshoe Poker Room), and appearing on the BRICKED AND ABANDONED panel (5PM, LVCC - L1 - HW1–11–01). TOMORROW (Aug 10), I'm giving a keynote called "DISENSHITTIFY OR DIE! How hackers can seize the means of computation and build a new, good internet that is hardened against our asshole bosses' insatiable horniness for enshittification" (noon, LVCC - L1 - HW1–11–01).

Water is wet, and a Bitcoin thing turned out to be a scam. Why am I writing about a Bitcoin scam? Two reasons:

I. It's also a climate scam; and

II. The journalists who uncovered it have a unique business-model.

Here's the scam. Terawulf is a publicly traded company that purports to do "green" Bitcoin mining. Now, cryptocurrency mining is one of the most gratuitously climate-wrecking activities we have. Mining Bitcoin is an environmental crime on par with opening a brunch place that only serves Spotted Owl omelets.

Despite Terawulf's claim to be carbon-neutral, it is not. It plugs into the NY power grid and sucks up farcical quantities of energy produced from fossil fuel sources. The company doesn't buy even buy carbon credits (carbon credits are a scam, but buying carbon credits would at least make its crimes nonfraudulent):

https://pluralistic.net/2023/10/31/carbon-upsets/#big-tradeoff

Terawulf is a scam from top to bottom. Its NY state permit application promises not to pursue cryptocurrency mining, a thing it was actively trumpeting its plan to do even as it filed that application.

The company has its roots in the very dirtiest kinds of Bitcoin mining. Its top execs (including CEO Paul Prager) were involved with Beowulf Energy LLC, a company that convinced struggling coal plant operators to keep operating in order to fuel Bitcoin mining rigs. There's evidence that top execs at Terawulf, the "carbon neutral" Bitcoin mining op, are also running Beowulf, the coal Bitcoin mining op.

This is a very profitable scam. Prager owns a "small village" in Maryland, with more that 20 structures, including a private gas station for his Ferrari collection (he also has a five bedroom place on Fifth Ave). More than a third of Terawulf's earnings were funneled to Beowulf. Terawulf also leases its facilities from a company that Prager owns 99.9% of, and Terawulf has *showered * that company in its stock.

So here we are, a typical Bitcoin story: scammers lying like hell, wrecking the planet, and getting indecently rich. The guy's even spending his money like an asshole. So far, so normal.

But what's interesting about this story is where it came from: Hunterbrook Media, an investigative news outlet that's funded by a short seller – an investment firm that makes bets that companies' share prices are likely to decline. They stand to make a ton of money if the journalists they hire find fraud in the companies they investigate:

https://hntrbrk.com/terawulf/

It's an amazing source of class disunity among the investment class:

https://pluralistic.net/2024/04/08/money-talks/#bullshit-walks

As the icing on the cake, Prager and Terawulf are pivoting to AI training. Because of course they are.

If you'd like an essay-formatted version of this post to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:

https://pluralistic.net/2024/08/09/terawulf/#hunterbrook

[liesmyth]

The richest 1% of humanity is responsible for more carbon emissions than the poorest 66%, with dire consequences for vulnerable communities and global efforts to tackle the climate emergency, a report says.

The most comprehensive study of global climate inequality ever undertaken shows that this elite group, made up of 77 million people including billionaires, millionaires and those paid more than US$140,000 (£112,500) a year, accounted for 16% of all CO2 emissions in 2019 – enough to cause more than a million excess deaths due to heat, according to the report.

Twelve billionaires’ climate emissions outpollute 2.1m homes, analysis finds

[hometoursandotherstuff]

I have never seen anything like this- it's a mansion in the middle of a residential area. Built in 2000, in Dallas, TX, it has 0bds. 1ba, & is listed for $2.4M.

Surprise! The beautiful entrance foyer. Does anyone want to buy a Bitcoin Mining Center?

This looks like a break room.

According to the description: Formerly AT&T, this upgraded turnkey Tier 2 Data Center is a Full Liquid Cooling Immersion System. True multi-use facility whether you need AI services, cloud hosting, traditional data center, servers or even Bitcoin Mining - this site has it all! This property comes with all equipment included!

I don't even know what I'm looking at.

Steel Reinforced CMU, 3 Phase Power, 2 Power Grids, Backup Diesel Generator, Sites on Main Branch Lines of Communication Infrastructure for Dallas, Fire Suppression, Electronic Access, Bulletproof Glass, Double Safe Room Door, Raised Floor. There's a safe room?

Upgrades include: 500kw 3 Phase Panels with digital monitors, Full Liquid Immersion System, 500kw Dry Cooler, 3 Phase Pump, 3 Slic Tanks, 5 New HVAC Units.

So, they can just sell all this? They said it's turn key. So, is it bitcoin or what? I wonder why they're selling it. That's suspicious- maybe it's not making money, anymore.

Out back. That's all they have, a wood stockade fence around the property?

https://www.zillow.com/homedetails/13229-Southview-Ln-Dallas-TX-75240/118222349_zpid/

[captainwebgenesis]

RECOVERY OF LOST FUNDS. (BINARY OPTIONS SCAM, CRYPTO INVESTMENT SCAMS, LOAN SCAM).

WHAT YOU NEED TO KNOW ABOUT CAPTAIN WEBGENESIS.

Captain WebGenesis is a Cyber skilled hacker with special abilities and skills that enact penetration  to help  victims of Crypto Fraudulent activities  who are faced with cyber challenges get back their lost funds. Simply file your complaint to the support team and have all your crypto recovered back.

For more information and prodigious services, Consult Captain WebGenesis.

[judasgot-it]

Masterlist ☆

Link to my AO3 here

RULES <-

Valentine's Event 2024

Bungo Stray Dogs

Clogging their toilet

Bsd men when their GF queefs

Bsd men who could/nt handle a long-term long-distance low-commitment casual girlfriend

Most likely to show their dick on a live stream (twitch streamer AU)

Viagra

Leftovers

most to least likely to sell you crypto/NFTs

Top 5 scared of women

Telling them you're gay

---------------------------------------------

Hunting Dogs

ADA

Special Abilities Division

DOA

Port Mafia

The Guild

-

Jujutsu Kaisen

Gojo

Sugardaddy!Gojo kicks you out of his apartment after he reunites with his BF Geto

Nanami

Stalking Nanami in an attempt to make him your sugar daddy (yeah idk)

Magic and Muscles

Can I kiss you?

Kaldo Gehenna

Happy Birthday

There was only one bed [Valentine's Event 2024]

Pregnancy Cravings

Everybody talks

Orter Madl

There was only one bed [Valentine's Event 2024]

[rlyehtaxidermist]

kudamaki tsukasa is like if those “what will we do tonight my liege” [boobs breastily] shovelware mobile game ads were a person and it’s great

[themanwhowouldbefruit]

ok confession to make. when i was in the hospital getting major surgery and i had to wear a hospital gown w my ass out. i did think about my blorbo.

[macbethz]

I cannot believe how fast misinformation spread about ai energy use like I get it you want to have ethical backing for your anti ai argument and discussions of things like “labor laws” and “copyright” are much more complicated than invoking global warming or the human soul but like jesus. It’s becoming very clear to me that most people don’t know how the internet or technology works at all.

[piosplayhouse]

Jiang Cheng bloodline and legacy meta on my feed today you know what that means : headcanon that transfem Jiang Cheng gets uterus transplant from transmasc wwx (this is their core transplant in modern au) but then immediately gets a hysterectomy a week later after having an anxiety attack thinking about a pregnancy scare . Wwx is a good sport about it but when he marries lwj a decade later he's kind of like . Aw man if I knew I was going to marry you lan zhan I would've kept that . And lwj is like mn regardless of wei ying's anatomy, we can still try for a child. And wwx is like KYAAAAAA!! And meanwhile wen ning is in the apartment next door desperately popping melatonin to fall asleep before they get too into it

[odinsblog]

US Bitcoin Miners Use as Much Electricity as Everyone in Utah

Bitcoin miners in the US are consuming the same amount of electricity as the entire state of Utah, among others, according to a new analysis by the US Energy Information Administration. And that’s considered the low end of the range of use.

Electricity usage from mining operations represents 0.6% to 2.3% of all the country’s demand in 2023, according to the report released Thursday. It is the first time EIA has shared an estimate. The mining activity has generated mounting concerns from policymakers and electric grid planners about straining the grid during periods of peak demand, energy costs and energy-related carbon dioxide emissions.

“This estimate of U.S. electricity demand supporting cryptocurrency mining would equal annual demand ranging from more than three million to more than six million homes,” the report said.

While mining began in the US a decade ago, an influx of crypto mining companies have relocated from China after that country banned the industry in May 2021. Over the last three years, a flurry of large-scale miners have gone public in the US, setting up operations in some of the most energy-rich states such as Texas and New York.

(continue reading)

[gainercryptocom]

Caw Crypto Price Prediction: Unveiling Future Market Trends

[blood-orange-juice]

Teyvat is a simulation and primordial sea is just unallocated GPU resources.

[captainwebgenesis]

BITCOIN AND CRYPTO SCAM RECOVERY EXPERT; CAPTAIN WEBGENESIS.

Recovery of Lost Crypto; Binary options scam, Investment scams, Loans scam, romance Scams Etc.

What happens after losing Bitcoin to Fraudsters? You can choose to accept the loss and give the con artists your hard-earned money, or you can choose the second choice. As a result of your failure to stop the scammers, additional people will become victims, many of whom will most likely be your friends or relatives. As an alternative, you can contact bitcoin recovery professionals like Captain WebGenesis who will assist you in tracing and recovering your bitcoin. Captain WebGenesis collaborates with law enforcement to help catch these con artists. You can proceed as long as you know the wallet address of the con artist.