California Gov. Brown signs bills legalizing Bitcoins use

Bitcoinpro

legendary

Activity: 1344

Merit: 1000

Quote from: mike25 on July 08, 2014, 10:06:59 AM

Quote from: ALToids on July 08, 2014, 06:49:32 AM

Sadly CA is likely the last state you would want to mine BTC in. 500 miles to the north WA has 0.02 electricity. I'm paying $0.35 for my tier 4 (330KW per month) rate.

That's quite some difference. Is electricity subsidized in WA?
You could shift your stuff to some colocation datacenters in WA if made ROI.

you could generate synthetic natural gas and truck it south including the regeneration loss and still come out well in front

how could those prices differences be possible

mike25

member

Activity: 97

Merit: 10

Quote from: ALToids on July 08, 2014, 06:49:32 AM

Sadly CA is likely the last state you would want to mine BTC in. 500 miles to the north WA has 0.02 electricity. I'm paying $0.35 for my tier 4 (330KW per month) rate.

That's quite some difference. Is electricity subsidized in WA?
You could shift your stuff to some colocation datacenters in WA if made ROI.

ALToids

hero member

Activity: 519

Merit: 500

Sadly CA is likely the last state you would want to mine BTC in. 500 miles to the north WA has 0.02 electricity. I'm paying $0.35 for my tier 4 (330KW per month) rate.

mike25

member

Activity: 97

Merit: 10

Quote from: Cicero2.0 on July 06, 2014, 07:33:42 PM

Quote from: ChuckStrawberry on June 29, 2014, 12:40:56 PM

They also desire tight control over financial instruments and interest rates. If Bitcoin were to become ubiquitous, that all becomes very difficult to do. The only progressive that seems to get this is Krugman, who has been sounding the alarm bells for awhile.

They certainly have been slow to react. Too slow for their own good. The genie is out of the bottle.

Absolutely

Cicero2.0

member

Activity: 98

Merit: 10

★☆★Bitin.io★☆★

Quote from: ChuckStrawberry on June 29, 2014, 12:40:56 PM

They also desire tight control over financial instruments and interest rates. If Bitcoin were to become ubiquitous, that all becomes very difficult to do. The only progressive that seems to get this is Krugman, who has been sounding the alarm bells for awhile.

They certainly have been slow to react. Too slow for their own good. The genie is out of the bottle.

littlewizard

sr. member

Activity: 294

Merit: 250

Good news, good news for BTC is coming every day

ChuckStrawberry

newbie

Activity: 57

Merit: 0

They also desire tight control over financial instruments and interest rates. If Bitcoin were to become ubiquitous, that all becomes very difficult to do. The only progressive that seems to get this is Krugman, who has been sounding the alarm bells for awhile.

ChuckStrawberry

newbie

Activity: 57

Merit: 0

Their worldview is largely dependent on the ability of governments to print money and take on massive debt. It's a means of redistribution without taxation.

Cicero2.0

member

Activity: 98

Merit: 10

★☆★Bitin.io★☆★

Quote from: ChuckStrawberry on June 29, 2014, 12:28:12 PM

It amuses me how progressives are endorsing bitcoin because they want to be hip with whatever cool new technology people are talking about. Like it's the new iPhone or something.

Krushchev's old "useful idiots" thing comes to mind. It is a bit like Ashton Kutchner, he is a vapid moron but his endorsement carries a lot of weight in the general population so he in his own way is good for bit coin.

ChuckStrawberry

newbie

Activity: 57

Merit: 0

It amuses me how progressives are endorsing bitcoin because they want to be hip with whatever cool new technology people are talking about. Like it's the new iPhone or something.

Cicero2.0

member

Activity: 98

Merit: 10

★☆★Bitin.io★☆★

Good news. Hopefully they don't follow it up with a bunch of regulations now.

mike25

member

Activity: 97

Merit: 10

Good News, long live the "BitKoin":
http://www.latimes.com/local/political/la-pc-brown-legis-20140628-story.html

Topic: California Gov. Brown signs bills legalizing Bitcoins use (Read 920 times)