Topic: Bitcoin Greed: Mining - Shall we kill everyone in CHINA with smoke from coal? (Read 191 times)

Well its not like Your killing them, they're killing themselves to make you rich. You know its the goal for every chinese family with a single child to send that child off to a coal mine to die for the good of Bitcoin exporting to the Western World.

I seriously doubt their control would end with mining, may I remind you that +99% of all mining HW on earth ASIC&GPU is made also in CHINA, and last I looked all BITMAIN called home.

The miners make the blockchain, so they're critical, and do you really think mining will come back to the west? I mean if you don't host it, you don't own it, all these amazon-services, charge an arm&leg, that would not be profitable for mining to rent a virtual-server, with say a dozen S-19 Bitmains, burning 3,000KWH each, I suspect AMZN would charge $100/minute. Hell if it were possible, it would already be happening.

Sort of like the reason manufacturing in the USA doesn't exist anymore, the CORPS ships jobs to China decades ago, same for BTC mining, about the same time geeks went wild on btc in 2010, and China started making usb-asics, they quickly found out they could run the stuff themselves, no reason to let the Western idiots create wealth from nothing.

Now they own +67% of mining, and all HW manufacturing, they also host most of the mining pools, thus they collect most of the BTC, but don't worry the West does the HODL, and spends their stimmy-checks to keep the CHINA Bitcoin afloat.

Who is the fool here?

$600/hr, your a lawyer,not a tutor

Nullius-Alexia so what about those coal burning Bitcoin miners? Do you like the fact that +67% of BTC mining is in China, yet the liars talk of 51% as if it was outside of china, how can you have it both ways?

---

Well its not like Your killing them, they're killing themselves to make you rich. You know its the goal for every chinese family with a single child to send that child off to a coal mine to die for the good of Bitcoin exporting to the Western World.

I seriously doubt their control would end with mining, may I remind you that +99% of all mining HW on earth ASIC&GPU is made also in CHINA, and last I looked all BITMAIN called home.

The miners make the blockchain, so they're critical, and do you really think mining will come back to the west? I mean if you don't host it, you don't own it, all these amazon-services, charge an arm&leg, that would not be profitable for mining to rent a virtual-server, with say a dozen S-19 Bitmains, burning 3,000KWH each, I suspect AMZN would charge $100/minute. Hell if it were possible, it would already be happening.

Sort of like the reason manufacturing in the USA doesn't exist anymore, the CORPS ships jobs to China decades ago, same for BTC mining, about the same time geeks went wild on btc in 2010, and China started making usb-asics, they quickly found out they could run the stuff themselves, no reason to let the Western idiots create wealth from nothing.

Now they own +67% of mining, and all HW manufacturing, they also host most of the mining pools, thus they collect most of the BTC, but don't worry the West does the HODL, and spends their stimmy-checks to keep the CHINA Bitcoin afloat.

Who is the fool here?

[moderator's note: consecutive posts merged]

Grade F for reading comprehension.  Sigh.  I miss literacy.


Alas, I must spell it out for you:  Next, you will accuse me of being some sort of a plant.

Oh, my!  We are converging on that already:


Beware.  My originality puts me above the paygrade of generic bots:  I troll forums on my lunchbreak from work at Tailored Access Operations.  I already pwned your computer, and you know it.  

Moreover, I regret to inform you that you have essentially accused yourself of being a bot:


If you had reading comprehension skills above the level of a generic eight-year-old, then you would have noticed that I was tossing your own words right back at you:

With highlighting and [bracketed red annotations] added to assist you in parsing this:

Thus, per your own logic, your generically bot-like claim of being “not at all impressed” is PROOF that you are a generic bot who woke up after 28 months to launch a wave of troll attacks throwing nonsensical FUD on Bitcoin.  Quod erat demonstrandum.

Now, please be advised that my English-language tutoring is not free.  My usual rate is 0.01 BTC/hour, billable in fifteen-minute increments.  If you need more lessons, then you should plan accordingly.

Ft.Meade is where NSA created BTC, and SHA256, and SECp256k1, so what's your point?

The coal problem is here, I saw it with my own eyes, first the miners were near cheap hydro, but in recent years here in ASIA, the rivers have dried up. So the miners moved to coal plants;

It's a super big problem, and lots of people in CHINA are just as money crazy as the fools on this site, something has to be done, IMHO that something is to charge 25cent/khw here in CHina. For any electricity used to mine any crypto.

Do you realize that you haven't said anything? "Not Impressive" is a generic bot sentiment response, which is the case of 99% of the comenters on this site, its usually "HODL", or "HATER", so you are original.

How about discussing the ramifications?? We just saw fee's sky-rocket from $10 to $150 when the coal-plant flood dropped the power to the regional miners, what happens when CCP pulls the plug?

Some will argue, who cares fee's go to $1,000 BTC goes to infinity, but not true, because it means that all transactions grind to a halt, no confirmations, but now so many 'confirmations' and chains are offline (side-chains), who really knows price discovery anymore??

He’s not so good at making predictions, either; see below.  He does seem to excel at making lots of noise so as to waste people’s time.  Spend time on his posts?  That is your limited lifetime draining away!  He is literally KILLING YOU with his GREED for attention!

all were going through a market crash and china started acting as if it was going to leave the market with a huge profit from its mining products. I really feel sick, what China is doing lately. it does not hurt that anger is mounting and centered on China.

Don't worry. The continuous heavy rains are seasonal just like the drought. I guess even the miners are very much aware of this. The rivers may dry up during the driest days of the dry season but they will also overflow during the rainy season. There are dams, sometimes the water level may go really low and sometimes it will be forced to release surplus water because of oversupply. Coal is used when the hydro power is not producing enough energy and it will not be used as soon as the rains are coming. You are obviously overthinking. Just keep calm.

The blockchain cannot die, even if only 10 mining rigs are mining. The more miners you have, the higher the hashrate is so if we "kill" the +67% the Chinese mining, the only benefit will be a lower hash rate and people like me and you can join the mining too, even with a lower hash rate devices.
You can't kill the Bitcoin "killing" one country, it's decentralized.
Stay safe, and try not killing anyone.. it's not worth it..

So Chinese need to be killed and Bitcoin is a scam because rainy season didn't start yet.
I agree with the point that you may need to seek professional help.

Wow, do you realize your entire response was non-contextual?

I haven't seen the old 'distributed malware in 2018' canard since  the old ADL days when we were protesting Palestinian occupation.

So you realize the subject is 'coal', not mentioned once, and china, also not mentioned.

Please go back to your software author, and ask for a major upgrade, maybe Musk or Gates can help you.

---

Perhaps you missed the boat, CHINA makes 99% of the mining HW on earth, nobody else has factorys

China, today has +67% of mining, and they're growing, and nobody is going to replace them

Like always bitcoin community well keep its head in the sand, and ignore its demise, I give you credit, at least you didn't deny that it was the truth, 99% of the bots here on this site will deny 2+2=4

---

Miner's create the blockchain, +67% of all mining is done in china

They quit mining, the blockchain is kaput

The fee's go to $1,000 to send $1

The local home-boy running a full-node is not a miner

BITMAIN isn't in an arms race with anyone ANT bought the company store, he owned ALL, which is why he's now in 'prison' an the CCP has taken over his empire

They want bigger dams, but there is no water in the rivers, that's why the move to coal, but coal burning so that geeks in the USA can HODL is not in the interest of CHina.

Not trying to pin anything, just saying that BITCOIN is a scam, and its about to come to an abrupt end.

[moderator's note: consecutive posts merged]

So much wasted time and words written without any weight, meaning or real research.
You seriously need to think about asking some kind of medical assistance from shrink if you are really thinking what you wrote, especially when this is coming from someone who distributed malware in this forum posts from 2018  
It's impossible to talk with someone with closed mind who don't want to listen so I will not reply anything from this member and just save earth and CO2 with ignore button.

We are all aware that a major portion of bitcoin mining happens in China. But these centralization of mining operation poses a serious risk on the bitcoin network. If Chinese government decides to crack down the mining operations, that will greatly impact the bitcoin network, but only temporarily. New miners will join the network as the difficulty will greatly reduce and balance out the network.

In long run, the exit of Chinese miners will help further decentralization of the network. We will then won't have to worry about such crackdowns. China is a country where dictatorship exists. So I would take it as a net positive if Chinese miners exit the bitcoin network.

That mine flooding incident in Xinjiang was unfortunate and one of the several industrial accidents that happen in such facilities. It is a "coal" mine by the way. The supply of coal to power plants in Xinjiang region would have stopped resulting in the Bitcoin miners being left without electricity.

While, Coal usage and consumption of power is a big issue, you really need some perspective. The annual consumption of Bitcoin network is roughly estimated currently at about 107 TWh. Assuming China has 65% of the hashing power, the electricity consumption of Chinese Bitcoin miners comes to 67.6TWh.

Compare that to the total power consumption within China in 2018.. That is  7225.5 TWh in 2018. The current consumption of Bitcoin miners is not even 1% of the total coal/ fuel burnt in China in 2018. You can't just quote an unfortunate industrial accident and blame the drying up of rivers and coal pollution on something that uses 0.93% of total power estimate from 2018.

You were talking about the affect of hashrate on price and spreading FUD. So, i am reminding you that if all the miners were to stop today, Bitcoin network will still continue to function with smaller home miners, GPUs or even CPUs if hashrate completely collapses. The hashrate rise and production of ASICs are results of free market and not a necessity for Bitcoin.

Bitmain is the Chinese company which has been in an arms race with the Chinese miners hodling most of the Bitcoin. The whole concept of mega farms connected to Hydro plants or Captive plants was started by the Chinese. That is the typical Chinese greed at work. They want to build the biggest dams, the biggest coal powered plants, employ people at the cheapest rates and keep them in some of the most dangerous working conditions of the world. That is something that the non-democratic Chinese govt and its people have to answer for themselves. While the people seem pretty happy singing paeans about the Chinese dominance when they go around toting firepower at neighbors, they shouldn't cry when that single-party monster comes back to haunt them. If you are opposing the Chinese Govt for this mad run of polluting industrialization, i agree with you. But if you are trying to pin this somehow on Bitcoin, then that is just stupid.

The funny thing is that I think that OP believes this shit that they should die, to me this news of coal plants shutting down is a good news because if it is a permanent shut down then they are probably switching to a greener energy or a nuclear one. By the way, are you hurt OP? You look like you paid a lot of money for a transaction.

It's ridiculous, very few people in China affect Bitcoin price, but everyone in China should die. You should visit psychiatrists/psychologists.

https://fortune.com/2021/04/20/bitcoin-mining-coal-china-environment-pollution/

There you go with 'hate', are you a bot?

Just saying that +67% of all BITCOIN mining is done, in CHINA, and it used to hydro, and now its coal.

The last few years have been dry, the rivers are drying up here in ASIA, BITCOIN ain't clean, and the trend worldwide is to restrict coal burning.

With rivers drying up, and no available hydro the miners jumped to coal, I guess its Bitcoin's dirty little secret, but its a crisis here in Asia, where almost all 'cheap electricity comes from coal', in recent years many dams were built, but then the water didn't come.

So where are you going to get the clean energy?

I don't see anybody working on a 'green' S-19 bitmain box that does 80THS

Why do you talk about Bitcoin hashrate, code, or ethos? This has nothing to do with the topic. Are you a bot?

Calm down dude. Seriously, What have you been going on about since the morning?

Just because Bitmain named their miners "Ant"-miner doesn't mean they are owned by Jack Ma. That semiconductor business is a complete other beast. Try to be more creative with your conspiracy theories.

If China shuts down coal plants to stop miners, all it does is that the hashrate comes down, difficulty readjusts in 2016 blocks and the world keeps spinning.

There is nothing in the Bitcoin code or Bitcoin ethos that needs hash-rate to continue being relevant. So calm the fuck down and let us know what exactly you want to discuss. Do you hate Bitcoin's price? Why? Didn't get enough? Its cheap now, buy?? You like some other Alt-coin?? Tell us which one. Lets see if you've got more than just these conspiracy theories. 

Silence is Golden

NIMBY rules the BITCOIN community-org what you all say that all mining/coal-burning be done in gated community where all the HODL'ers live united.

This is probably the single issue, that even the professional liars of BITCOIN pump&dump seek to avoid.

China shut's down BTC-Mining Op's near Coal plants. BTC prices collapse, BTC fee's go Astro. False news about SEC fraud investigation of BTC, BTC prices goes down, ...

Recall that +67% of all BTC mining on earth takes place in China, that all BTC mining hardware ASIC&GPU is 'Made in China'; CCP (China.GOV) recently took over all ANT-BABA(jack-ma) Holding companys, CCP now owns Bitcoin.

Many of bitcoin's largest price drops can be traced to negative news related to china.


Your partially right, but like the blind men with the elephant, sort of wrong.

COAL is a major problem, but the real problem is historically in CHINA from the begin the miners were near HYDRO, but in recent years everywhere here in ASIA, the rivers are running dry
In order to keep these miners running, and remember we're talking about the equivalent of entire country of power wasted like say Argentina, in terms of powering these BITMAIN miners that burn 3,000KWH each, and they can be lined up to the moon.

Something has to be done, in order to mine bitcoin do we kill everyone in CHINA with smoke from coal??

I know the BITCOIN community don't care about human life, they only care about HODL, and mis-information and lies and get rich quick.

The CCP has to make a decision, they go slow. Jack Ma owner of ANT ( all hw & mining ops ) is under house-arrest, CCP has taken over in the coming months we'll learn what they intend to do with the BITCOIN "PROBLEM".

Expect to see more orderly permanent shutdown of BTC, expect to see more astronomic fee's from transactions. Expect to see more world-wide pressure from ENVIRO groups about the terrible energy waste. Given ESG is now Biden's #1 platform, expect to see major push for low-energy Crypto Mining Op's.

BITCOIN fools, pumper's, dumper's, and evangelists don't want to hear or discuss these topics, but long-term investors, better take off their Bitcoin Stained Googles.

...

The USA lawyers successfully argued in courts for years that Cigarettes didn't hurt you

Monsanto for years proved in courts you could drink Round-Up (tm)

China is a little bit different, in China when you or something kills their children, the people take it into their own hands and kill the CEO's, and/or the people responsible for the pollution. The USA public is sheep, do not expect this issue to evolve as it does in the USA where killing is legal, and the guy with most expensive lawyer never goes to jail.

If China does shutdown BTC-mining with COAL, or forces re-location, or honestly if they just forced all miners to pay 0.20 ( 20 cents/khw ) the problem would be solved, they would move on. The problem of course is that power is subsidized, largely because of heating needs in the North and keeping it affordable.

There is tremendous pressure on the CCP to resolve this issue. Overnight the outcome could be a complete 'halt' of BTC, just think if 70% of the world's miners were brought to a halt, the fee's would go astronomical, and the 'trust' would never return. All the miners on earth are hard-wired to call home to 'bitmain', now owned by the CCP, they pull the plug, and home is /dev/null.

I know this is too much to ask of the morons pumping BITCOIN to the moon, but money is not everything, in fact most of the earth its not even relevant. It's funny Satoshi (myth) was to escape the USD (fiat), but BITCOIN has attracted the most zealous money grubbers on earth. Go Figure.