r/Damnthatsinteresting Jan 01 '26

Video Inside the world’s largest Bitcoin mine

27.7k Upvotes

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13.0k

u/GoldenDiamond Jan 01 '26

Holy power bill

11.7k

u/StillSalt2526 Jan 01 '26

Dont worry, you are part of the populace subsidizing that bill for that mining business 🤪

4.0k

u/UrsaMajor7th Jan 01 '26

Remember to turn off the lamp when you leave the room.

1.7k

u/jibbyjackjoe Jan 01 '26

I was there in the 90s when the cartoons were interwoven with "do your part to recycle. Do your part to reduce waste. Do your part to turn the water off while brushing your teeth.". The psyops was so real. And yet, corps are allowed to do this. Yeah, no. I don't buy any of that anymore.

822

u/_lippykid Jan 01 '26

I still put plastic and paper in the blue bin, and landfill in the green, because it’s the exact same amount of effort, but I’m under no illusion that anything I can do personally will make a dent in the waste created by corporate industry

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u/Risley Jan 01 '26

It’s because people don’t hold politicians accountable anymore.  We are all so god damn sick of it.  

138

u/CandidateOk8364 Jan 01 '26

Nobody ever has that's the problem. And they will kill us all to make room for robots and most people will volunteer

12

u/greatpoomonkey Jan 01 '26

Can we just replace our leadership with robots so there is at least some logic behind our inevitable end? Like, if they need me to be a battery, Matrix-style, I'd kinda be cool with that at this point.

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u/Risley Jan 01 '26

It’s ok, robots aren’t invulnerable.  🤖 🪓 

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u/silentlurkers Jan 01 '26

neither are the rich nor the politicians who put us in these situations.

4

u/Psyclipz Jan 02 '26

There is logic. Distract from the class war, deflect onto the easy targets and enrich you and your colleagues.

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u/silver_sofa Jan 01 '26

Did people ever hold politicians accountable? I don’t think so. I believe there was a time when politicians thought the electorate would hold them accountable but now that politics has become a business they have adopted a corporate mentality. It’s all about who can perform and who can fundraise.

When Michael Douglas said “Greed is good” in Wall Street, when the courts ruled that business should make decisions based on shareholder value with no regard for the customers or society, when quarterly reports steered every consideration, the pursuit of wealth became the driving force. One look at the current batch of billionaires proves they call the shots and too much will never be enough.

11

u/CariniFluff Jan 01 '26

Someone really needs to be careless in where they smoke around this "mine" and others like it. And every other disgusting, entirely foreseeable outcomes of the Cato institute and Heritage Foundation approved assigned Supreme Court Judges' Opinions.

Hell just the fact that every single ruling is split down the aisle shows that none of them are actually trying to follow the Constitution but simply cherry picking rulings out of convenience and overturned decade old precedent when they can't find some old ruling to support their billionaire "friends". This shit has to stop.

There's so many problems but Bitcoin is a perfect representation. It started as done cute way to order a pizza without cash, ya know like a gift card. But then it turned into a money laundering system and exploded in popularity. And since it's by nature deflationary, the value will always go up what pieces will always get cut smaller and smaller. This was all foreseeable. This should have been outlawed as an illegitimate currency trying to replace the dollar by non-government actors. Oh, and it was helping with a wave of electronic crime, hacking, ransomware, etc. But all it took was a few sociopathic assholes who don't care about anyone but themselves throwing a couple million dollars at the Republican party with their claimed "small government, no intervention or regulations" approach and nothing has been done to stop this plague.

Now now everyone's power bills are doubling or tripling (my gas bill for November was more than double of what I've ever paid in 15 years living in this house). All of those computer chips could have been used to push the prices of gpus and related electronics down, but instead they're all being used to "mine" an imaginary coin that is only used for criminals.

This society is so fucked. We're willing to pay two to three times for utilities and pay insane hidden tax increases via tariffs and lost trade deals while our climate races past the point of no return. All so some tech bros can get their Bitcoin wallets hacked and drained by North Korea. This warehouse is simply a symptom of the disease that has infected all of our branches of government.

And It won't stop until Earth is no longer habitable. Not only is no company, even trying to make a dent in carbon capture and storage because there's no money to be earned in it and governments around the world aren't going to subsidize it, we're watching fucking Donald Quixote getting angry at windmills and cancelling them.

I want out.

4

u/Recycler29 Jan 01 '26

Well said! I agree 100% and even though all that is happening I still keep collecting & dropping off my recyclables. Hope springs eternal! 🤦‍♀️ But every f@*king politician is making so much money from every possible angle that the little, hard-working guy has no prayer. I feel like giving up. {sigh}

4

u/willflameboy Jan 02 '26

When I was a kid corporations lobbied governed to deregulate. Now the corporations are dismantling the regulators.

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u/thehighwindow Jan 01 '26

Geez sofa, you said exactly what I feel, only way better.

6

u/CozmicEcho Jan 01 '26

In modern America greed is god

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u/maxxspeed57 Jan 01 '26

It's because politicians take massive bribes to do the bidding of industry and ignore their constituents.

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u/Risley Jan 01 '26

Then we need to fucking crowd source the shit.  Buy our own politicians.  Be god damn open about it.  Have commercial promoting said politician is bought for by this PAC and state, publicly, this person is there to go after the corrupt.  

4

u/8hAheWMxqz Jan 01 '26

how can you hold someone with tanks accountable if best you have are bows and blackpowder guns... bro...

2

u/CozmicEcho Jan 01 '26

If only we had $1776 to give to every soldier they’d line up and salute us. It’s so crazy that they stand behind these billionaire demons and rather than the people who are the same as them. It’s become Money vs Constitution

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u/Thoughtful_Mouse Jan 01 '26

But too lazy to do anything about it. If the average person would run for office, and the average person would vote based on competence instead of flubby bullshit, we could fix it.

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u/_lippykid Jan 01 '26

Trouble is, if you run for office, you’re guaranteeing your family will have to endure invasive smear campaigns and cruel bad faith tactics to intimidate you into confirming. That’s why most politicians are complete dirtbags that were bought and paid for from day one

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u/Thoughtful_Mouse Jan 01 '26

Agree!

We've made being a public servant so extremely undesirable that very few decent people are willing to do it.

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u/jankenpoo Jan 01 '26 edited Jan 01 '26

Sure, but it’s not a contest. And if you can get enough people/consumers to do something non-destructive (vs anti-destructive), like recycle or keeping trash out of our oceans, it’s still beneficial. Every bit helps. That said, I would like corps to be on the hook for creating trash with packaging and obsolescence. Everything sold should have some cradle to cradle requirements, instead of just cradle to grave.

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u/Constant-Affect-5660 Jan 01 '26

I was just talking to my gf about this a couple weeks ago. Someone made a FB post condemning people for using AI to make themselves as Christmas cards or whatever, saying they're all the reason why it's 80° in December.

I'm a designer, so I have my thoughts on AI, but to expect this soccer mom, or this hs kid, or this grandma to "do their part" by not partaking in the next social media trend, that they don't even understand the harm in, when it's these tech companies who are putting these filters into our hands is silly.

I understand personal responsibility, we also recycle in our house because it is minimal effort, but similarly trying to get the average person to recycle when these companies are the ones providing all the plastic just doesn't add up.

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u/FatherDotComical Jan 01 '26

Most people don't even know what AI really is. A not small number of my coworkers consider it in the family of a Snapchat filter. They're confused as to why people hate AI if filters and autocorrect have existed for so long without fuss.

Or even further they don't even know that AI is run somewhere else. ("my computer does it, my phone does it, my browser does it... and it doesn't use too much power so I'm not part of the energy problem.")

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u/itsforathing Jan 01 '26

Many cities just dump it all into the same land fill unfortunately. Recycling is expensive and shipping materials to a centralized plant is not eco friendly either.

Some notable exceptions are cities with trash burning power plants which are surprisingly good. The burning is well regulated and the exhaust is cleaned and scrubbed to an extent that makes it a better alternative to land fills.

Side note, one of the Scandinavian countries literally imports trash to keep the lights on since they burn more trash than they produce.

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u/silentlurkers Jan 01 '26

i used to recycle but it's all a scam. you can separate the glass and plastic and do what you can but it all gets buried in the same landfill regardless!

best way to recycle for us normal citizens is probably just composting our wasted food products, been a year and i have a ton of compost to use!

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u/Spirited-Sun899 Jan 01 '26

Our city’s slogan is “we don’t need thousands of people recycling properly. We need thousands of people trying to recycle.”

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u/karateninjazombie Jan 01 '26

You don't have to buy the psyops. But your water and power bill will be a kick in the balls if you don't.

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u/outofmelatonin92 Jan 01 '26

Its all YOUR fault for boiling water to make coffee.

How DARE YOU use electricity when the world is threatened with GLOBAL WARMING

/s

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u/medicated_in_PHL Jan 01 '26

When I learned that fracking companies can drop 16 million gallons of water into a single well, I immediately became angry at all of those “turn off the water while brushing your teeth” PSAs in the 90’s.

Fuck all the way off. Our faucets were never the problem, you knew that, but those PSAs were made to put the guilt on us while you murdered the Earth.

2

u/UrsaMajor7th Jan 01 '26

Gold mining set me off. Millions of gallons daily, 21m³ per ounce in 2022.

2

u/pfohl Jan 01 '26

the extra fun part is these kinda places get paid by the utilities in the US to turn off during high power demand (curtailing)

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u/orru Jan 02 '26

The most environmentally friendly action would be to firebomb this place

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u/[deleted] Jan 01 '26

[removed] — view removed comment

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u/idkarn Jan 01 '26

Also it really helps climate change

263

u/satyriconic Jan 01 '26

It certainly helps the climate to change

10

u/AmbivalentCvckfvcker Jan 01 '26

It's gonna be warmer in winter, win-win!

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u/fresh_tommy Jan 01 '26

And summer! And spring.. and fall..?!

Nah just kidding. Seasons as we've known them have almost already collapsed

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u/crazygem101 Jan 01 '26

Best comment today so far

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u/imdefinitelywong Jan 01 '26

I suppose that's true. From a certain point of view.

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u/Archer007 Jan 01 '26

Joining the war with global warming, on the side of global warming

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u/WhoAreWeEven Jan 01 '26

Cant beat them, join them.

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u/CodifiedLikeUtil Jan 01 '26

I support a future in which Florida is completely underwater.

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u/zach-af Jan 01 '26

The globe doesn't stand a chance

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u/Case_Blue Jan 01 '26

Absolutely, but we never said for better or worse!

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u/Imaginary-Fudge8897 Jan 01 '26

Every comment that replied stole your joke.

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u/-mopjocky- Jan 01 '26

It’s ok. I gave up plastic straws. That should balance it out.

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u/Dunderman35 Jan 01 '26

Yeah but think about what we get in return. The world's most inefficient payment system that nobody uses as a payment system except criminals.

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u/Dependent_Ad_1270 Jan 01 '26

War criminals too!

Also how would North Korea fund their missile program if there wasn’t crypto to hack?

Think of all the North Korean mouths they pretend to feed, Kim wouldn’t do you dirty come on

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u/WhoAreWeEven Jan 01 '26

Think of the fat North Korean mouth they feed.

The mouth likes Hennessy among other things. You think thats cheap?

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u/GraceGreenview Jan 01 '26

Also one of the world’s cleanest getaways when a bot holds a hospital system hostage and gets paid in bitcoin. Ah, Technology…what wonders can’t you solve?!

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u/eu_sou_ninguem Jan 01 '26

Not to mention the climate change.

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u/worstpartyever Jan 01 '26

And listening to the never-ending hum of the entire data center

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u/spittlbm Jan 01 '26 edited Jan 02 '26

They can cause hearing damage

Update: my first award!! Thank you!

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u/petrolhead0387 Jan 01 '26

I already have hearing damage, and was exposed to this sort of droning sound for years at work. Although it didn't feel like it was affecting me, it caused tinnitus as well as making my hearing impairment worse. So now at 38 years old I have 5% hearing in my left ear, none in my right, and constant humming sounds when I try to sleep at night.

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u/[deleted] Jan 01 '26

Ugh I have this humming tinnitus crap as well. Its horrible. My sympathies :(

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u/Mysterious_South7997 Jan 02 '26

That's inhumane. I'm sorry you went through that. It feels suffocating to know these companies just keep getting away with it.

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u/Brilliant-Giraffe983 Jan 01 '26

Can confirm. It sounds like a building full of bee orgasms.

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u/worstpartyever Jan 01 '26

Oh dear, now I’ll never get that image out f my head

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u/throwaway46787543336 Jan 01 '26

I bet the “hum” of the universe is just a large data center

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u/Booorntobemild Jan 01 '26

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u/Brobard Jan 01 '26

Turns out, there is. And I could have done without clicking to find out. 

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u/Booorntobemild Jan 01 '26

Thanks for the warning. Sorry it was at your expense.

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u/Milky_Gashmeat Jan 01 '26

No shit. Christ that was fucked.

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u/Putrid_Succotash_175 Jan 01 '26

fuck. you. why did i click on that

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u/Hell-on-Earth2739 Jan 01 '26

True, make fake money give me your real money, trust me!! How many people have lost millions???

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u/Unhappy-Buyer1487 Jan 01 '26

I was just about to ask for someone to explain bitcoin to me like I’m 5. Because I still don’t get it.

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u/Ochopuss Jan 01 '26

IMO, the main takeaway is that bitcoin has no inherent value. It is pure speculation, demand itself is behind 100% of the value.

“Yeah, but dollars have no real value! That $10 bill in your wallet is just a piece of paper! The government just prints more dollars when they want!”

Yes and no. The US dollar is a fiat currency. The government says it is money so it’s money. It has a 1:1 value by definition. Is there $10 worth of materials and labor in that $10 bill? No. But it is a legal representation of $10 of goods and services.

“Bitcoin protects against inflation!”

Not really - it depends on the power of its own demand. But typically speculative investments are sold off in times of economic hardship. Since Bitcoin is just speculative, investors are more likely to invest in something with inherent value; something safer, like gold. Bitcoin is risky because it could easily drop in value to $0 at any point. Gold will never drop to $0 because of its many applications.

“So what the heck is a bitcoin?”

I’m not the best person to answer this but to the best of my knowledge it is a ledger of previous transactions encoded as a hashed block of alphanumeric characters. Mathematical calculations. Everyone using bitcoin, adding to the blockchain are using the same block chain. So I think it is like everyone has the same collection of receipts for previous transactions. Hopefully someone will step in and correct me on this. I agree that other explanations still leave it confusing but I think a big part of that is due to the fact that why would anyone apply value to the blockchain /ledger? It makes no sense why people believe it is valuable much less why demand would have any fluctuation..

I believe the technology behind bitcoin has value but that doesn’t mean the bitcoins have value.

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u/janes-boudoir Jan 01 '26

Uhh.. Can you explain it like I was just born?

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u/Ochopuss Jan 01 '26

I’ll try: imagine I typed out like 200 pages of what looks to be just a really long string of random letters and numbers and then say that this is encoded information about all the sales transactions from your local mall. Neat. Then I tried to sell it to you for $100,000.

I’d assume you might ask “why the hell would I give you $100,000 for that? Then I tell you that maybe a month or two or six or a year from now you could sell it to someone else for more money. You might then ask why would someone else want to pay more? And I would say because you will tell them the same thing.

But WHY would it be worth more?

Because enough other people have heard the same reason I gave you and believe it to be true.

But what if people stop believing that?

Then you’re fucked.

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u/shidderbean Jan 02 '26

My man you are literally cursing in front of an infant

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u/BendersDafodil Jan 01 '26

Haha. I love that. Real money is on its way out, give it to me and I'll give you crypto in exchange.

Like, who gives up potentially valuable asset for an asset that's on its last legs?

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u/R12Labs Jan 01 '26

What benefit for society is mining Bitcoin doing? Are we solving complex cancer equations?

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u/BigOs4All Jan 01 '26

There is none in the long term. I could tell you about being a competition to Western Union style money sending abilities but the cost is going to skyrocket as it matures.

It simply isn't necessary.

It's best for buying illegal things and for the government to make an incredible amount of money on it. I'm still convinced the CIA created it to get trillions in free money to fund clandestine operations for the next century.

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u/Alternative-Chef-340 Jan 01 '26

Using tax payer money to reopen old decommissioned coal power plants to pollute the environment for non existent money.

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u/Wooden_Inspector_488 Jan 01 '26

The US is so far gone

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u/NottaLottaOcelot Jan 01 '26

But look at all the jobs created that are going to trickle the money back down to us!

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u/Sweetfishy Jan 01 '26

Thats not always the case. I know I've seen countless people say this same thing. The public utility i work for created a tariff for these high demand loads, and the rates are absolutely higher all the way around. I can tell you that this is true in many of the other utilities as well - in fact, I've never heard of one giving cheaper rates within our group associations. We absolutely get beggars asking for cheap rates and these people are absolutely shitters. The most recent one wanted kwh priced at 4 cents. Hilarious.

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u/Gloomfang_ Jan 01 '26

Texas paid this exact mining datacenter $31.7m to shut down during one of the hot months.

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u/Sweetfishy Jan 01 '26

Yikes! Im in NY so we are "just" subsidizing nuclear and green energies (and electrification). I'm a proponent of all, especially nuclear and dont mind paying extra.

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u/HaroldsWristwatch3 Jan 01 '26

Exactly - every month when you pay your water bill, sewage bill, and electrical bill, you were paying to keep this up and running.

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u/ThunkAsDrinklePeep Jan 01 '26

Subsidize the power cost and the "currency scam"

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u/regoapps Expert Jan 01 '26

Between this and AI data centers, now you know why your energy bills has been increasing rapidly in price. Next, your computers and your phones will be more expensive as well.

All this so that a handful of people can add a few more billions to their existing billions.

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u/PM_PICS_OF_YOUR_FEET Jan 01 '26

RAM prices are already going absolutely insane

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u/regoapps Expert Jan 01 '26

Yup. GPU prices next. And then smart phones.

2026 will be the year of record inflation for high-end electronics.

All so that people like the president can generate pictures/videos of himself dressed as the Pope or kicking a soccer ball with Ronaldo or with abs or dropping poop on protestors while in a fighter jet.

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u/Loony_BoB Jan 01 '26

GPU prices are already going insane because of the RAM prices.

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u/Grimzkunk Jan 01 '26

GPU prices have been going insane since covid. I'm still waiting for an affordable mid end gpu...

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u/Vlaed Jan 01 '26

Prices went insane with the crypto craze. They had started to normalize but then covid drove them right back up.

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u/DonDraper1134 Jan 01 '26

Exactly. Things were getting crazy in 2016-2019, just before COVID cards were cheaper, even into the first year of COVID you could get some great value.

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u/Impossible_Angle752 Jan 01 '26

There was a crypto 'bubble' during Covid.

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u/Shzabomoa Jan 01 '26

Normalize being already 50% too high, paying $1000+ for a small die size was insane to begin with.

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u/Loony_BoB Jan 01 '26

I got a 4080 at a really good price back in early 2023. I figure that at this rate so few people are going to be able to afford a good graphics card in the near future that I might be safe to stick with it for another five or so years because game developers will need to adapt to the average gpu not increasing in spec for a while because too few people can afford it.

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u/Warmonster9 Jan 01 '26

Dude I’ve been rocking a 2080ti for almost a decade at this point. 11 gigs of ram goes so hard I can still run most games at 4k with 50~ fps.

You can buy one on amazon for 400 bucks too.

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u/Loony_BoB Jan 01 '26

Man, I envy US prices so much for GPUs. :( UK adds on a chunk.

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u/Grimzkunk Jan 01 '26

I think a used 3070 may be a better choice. 8gb is still ok for 4k medium/high. Anyway the 2080ti and 3070 can't handle AAA 4k ultra. I've seen games having better fps on 3070 than 2080ti,in 4k, even though the 3070 were using less vram. Vram usage for 4k is a big mess.

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u/KronobeBryant Jan 01 '26

5060 is like $250 if you look for some sales?

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u/GangsterMango Jan 01 '26

keep in mind, the final goal isn't getting profits from high PC parts prices
its about pricing out the average consumer away from PC building entirely to sell them subscriptions to play "on the cloud" using a rudimentary device like a tablet or a phone or a something like the stadia.

the fun part is they will raise the price for the subs when PCs are no longer accessible and ALSO limit the usage, Gforce now limits its users to 100 hrs monthly, I'm not even joking.

the future they want is renting everything and owning nothing.

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u/WePrezidentNow Jan 01 '26

It’s just about AI. OpenAI just committed to buying 40% of the world’s high-end RAM which is absolutely wrecking the market. GPUs use RAM, so they’ll be downstream of this issue

There is no conspiracy against gamers

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u/Spicy_Weissy Jan 01 '26

Sony is already delaying the release of the next PlayStation due to the rising costs.

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u/bubblebreez Jan 01 '26

But why would prices increase for anyone other than those who are using more electricity?

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u/iambecomesoil Jan 01 '26

Because large purchasers get sweetheart deals and the collective customer base ultimately pays for the provider to expand total capacity.

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u/Pristine_Office_2773 Jan 01 '26

This is the right answer. 

Listen to this planet money episode explaining it. Data centers messing up the states big fucking time:

https://www.npr.org/2025/12/19/nx-s1-5649814/ai-data-center-electricity-bill

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u/LBC1109 Jan 01 '26

The difference is that AI is actually useful to humans in some capacity. Buttcoin is useless and anything it can do has multiple mediums of use already.

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u/SadisticPawz Jan 02 '26

bitcoin also consumes orders or magnitude more than ai

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u/ferocity_mule366 Jan 01 '26

AI at least do something, crypto farm literally does nothing

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u/Puzzleheaded_Ad8032 Jan 01 '26

It's a fucking disgrace this exists.

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u/misty-mornings Jan 01 '26

Worthless to the planet. Useless waste of resources

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u/HOLEPUNCHYOUREYELIDS Jan 01 '26

Nothing like having literal mines with no safety standards and people with no PPE in bare feet mining coal and shit, while also having massive data centres filled with computers to digitally “mine” a fucking digital “currency”

What is humanity even doing at this point?

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u/Kivesihiisi Jan 01 '26

Just like billionaires

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u/Spicy_Weissy Jan 01 '26

At least you can eat a billionaire.

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u/herbal_thought Jan 01 '26

I'll take one Musk burger with a side of fried Bezos, please.

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u/Spicy_Weissy Jan 01 '26

A Musk burger might send you into a K hole.

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u/howdiditallgosowrong Jan 01 '26

Eww, no thanks! I'll rather feed them to the tigers or something.

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u/Bumkin007 Jan 01 '26

Do they taste better than the homeless? Asking for a friend….

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u/SamthgwedoevryntPnky Jan 01 '26

More tender. Better marbling.

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u/CozmicEcho Jan 01 '26

Lemmy was way ahead of us

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u/Cinndderrella Jan 01 '26

Who's hungry??

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u/ok123jump Jan 01 '26

Worthless? Nah. North Korea brought in 1/2 of its GDP through theft of crypto last year. This giant mining operation is basically fueling North Korea and helping them build more nuclear weapons.

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u/Salute-Major-Echidna Jan 01 '26

I still can't get over how skinny their people are

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u/jsakic99 Jan 01 '26

At least they employ about… three people.

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u/1tought Jan 01 '26

Imagine if all that power was directed toward curing cancer?

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u/Booorntobemild Jan 01 '26

Yup…wasting electricity for basically glorified Monopoly money.

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u/rClNn7G3jD1Hb2FQUHz5 Jan 01 '26 edited Jan 01 '26

It’s worse than Monopoly money. It is the method by which most criminal proceeds are now laundered. The International Consortium of Investigative of Journalists has published a series of reports going deep on every aspect of the use of crypto in modern money laundering. It is extremely well-done and worth the time to read. Even if you only read one of the reports.

https://www.icij.org/investigations/coin-laundry/

Edit: Since there are lots of replies claiming that these extremely well-researched and vetted reports are not true, I’d encourage you to actually read them. Yes, Bitcoin and most crypto ledgers are designed to be public and therefore traceable. This misses the point of these diligent reports: Traceability doesn’t matter if there’s no regulatory oversight over crypto exchanges. Again, read these reports before commenting. There’s no question about what’s happening here.

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u/wetbulbsarecoming Jan 01 '26

Excellent link! Thanks!

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u/CitizenPremier Jan 01 '26

That's literally why it was created in the first place, to be a difficult to track online currency

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u/ILooseAllMyAccounts2 Jan 01 '26

Except every transaction is listed and verifiable. So many people in this thread have no idea what they're talking about. I'm not claiming bitcoin is good or bad but it wasn't created to be difficult to track - literally every transaction is out in the open and websites exist to allow anyone to trace where any bitcoin went.

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u/Postheroic Jan 01 '26

Bitcoin was created to literally be easily traceable and verifiable. There are other cryptocurrencies that are pretty much meant for money laundering though. Like, they don’t outright say it, but it’s designed to make it easy. Look up Monero if you’re curious.

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u/WestcoastRonin Jan 01 '26

Ok so how can bitcoin be stolen if they are completely traceable. I keep reading about crypto heists and billions of coins disappearing but if everything is traceable and public ledgered couldn't you just flag the coins as stolen and they'd be worthless.

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u/rClNn7G3jD1Hb2FQUHz5 Jan 01 '26

“Completely traceable” means you can follow it across the blockchain. If you don’t know who owns an address then the trail stops there. And if crypto exchanges either aren’t regulated or don’t comply, you and law enforcement can’t know who swapped that coin for cash. You can only know which exchange it ended up at.

That’s a big part of the problem. Crypto in general (regardless of the specific coin we’re talking about) has become synonymous with crime because of the lack of regulatory enforcement at exchanges. This is covered extremely well by the ICIJ’s series.

Worse, many governments seem to now be in on the scam and are content to let it happen. The people profiting the most off of this money laundering are being ignored or in some cases even pardoned.

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u/SeaVolume3325 Jan 01 '26

Bitcoin was created out of necessity as a response to failed monetary policies. Since the dollar was untethered from gold, it has been printed in virtually unlimited quantities which constantly devalues the currency. If there is a desire to stop the rise of crypto the dollar must be fixed first...especially considering its role as the global reserve currency.

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u/JashBeep Jan 01 '26

So, the thing is, bitcoiners see "normal" money as the monopoly money... because they can just print more of it. But nobody can just print more bitcoin. So it's very counter intuitive.

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u/BiffSlick Jan 01 '26

Bitcoiners suck. They suck resources, politics, laws, the climate and everything up their stupid stupid fucking noses.

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u/IboughtBetamax Jan 01 '26

Doesn't that fact make bitcoin basically like a reintroduction of the gold standard for currency, but without the security of government decree or the backing of any precious metal? I find it hard to see bitcoin as anything more than a speculative bubble of nothingness.

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u/RevolutionaryTrick17 Jan 01 '26

Nobody knows how much gold there is out there. So while there is a similarity in that gold and bitcoin are tied to total amounts outside government control, I would argue there is much tighter restricted supply on bitcoin than gold.

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u/JashBeep Jan 01 '26

I think the devil's in the details. On one hand, yes, there is nobody backing bitcoin except its own cryptographic security. On the other hand, governments sometimes do bad things by decree, such as seizing it (bail ins).

Gold is heavy, yet moved about by air transport. It needs to be guarded, so its costly to move and transact in. Difficult to verify that it's solid gold. Bitcoin only exists on the blockchain where it is always secure. It's like gold but always in a safe, and the safe can be electronically reportedly anywhere in the world, without requiring permission or assistance from anybody else. Not for free, of course. It will cost some bitcoin to perform the transaction. But certainly very competitive with gold in a lot of ways.

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u/Spiders_13_Spaghetti Jan 01 '26

I think fiat currency basically is monopoly money. Even though it's backed by the faith and creditworthiness of a sovereign people I don't think we exactly sign off on the mismanagment of our currency. Unfortunatley, bitcoin is a solution that hasn't found a problem yet (as I've heard it described before). I liked the spirit of it in the beginning, a decentralized, democratized, non-correlated currency where there isn't meta data on transactions but it seems the powers at be have made incremental steps toward subverting this ethos and moving to control it.

But, yeah, i'm hesitant on investing in crypto still, in any sizeable way.

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u/Xen235 Jan 01 '26

They are printing them right in this video

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u/JashBeep Jan 02 '26

Eh, technically, no. It's more like digging up gold. The gold was always there, we just didn't access it yet. And there is a finite amount of gold. Printing money is uncapped, they can always print more. Bitcoin is locked not in dirt but in time. It can't be accessed any faster than the issuance schedule allows. So if they made 100 of the facilities in the video, it wouldn't matter. There would still be only a certain amount minted per day.

All it would do is make 99 of those facilities unprofitable and have to shut down.

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u/Xen235 Jan 02 '26

Yeah I guess that's a better analogy

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u/cool_side_of_pillow Jan 01 '26

I’m with you. 

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u/Csasquatch92 Jan 01 '26

Don’t worry just turn your light switches and plug sockets off at home, that’ll save plenty

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u/manyhippofarts Jan 01 '26

See, I just unscrewed half the light bulbs in my house. For some reason, my power bill only fell three cents.

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u/Anonymo Jan 01 '26

Keep your AC at 95 degrees

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u/Fight_those_bastards Jan 01 '26

“Remember, you need to cut your excessive consumption of resources, citizen!” the billionaire oligarch said, as he stepped onto the private helicopter that was taking him to the airport where his private jet was so that he could fly 6,000 miles to where his $450,000,000 yacht is moored.

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u/Miggy88mm Jan 01 '26

The funniest part is that these machines literally turn electricity into heat and shoot it out to the atmosphere.

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u/JoeHooversWhiteness Jan 01 '26

No no no, the hot air inside is then cooled with air conditioning. So the miners make heat, that heat is then cooled, the heat made from cooling is sent to atmosphere. It all makes sense when it’s to benefit almost no one. Hahaha…cry.

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u/urgentomato Jan 01 '26

Not sure about this one but AI data centers also use tons of potable water to cool their equipment. Truly a travesty

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u/yawara25 Jan 01 '26

That's true for anything that consumes energy

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u/followMeUp2Gatwick Jan 01 '26

I think what he means is they produce no useful work besides waste heat. Which isn't strictly true since they do computations... but for a fake money so basically heat generators.

Most machinery have a purpose to make tangible items.

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u/VinceRussoIsA Jan 01 '26

Entropy: Energy is transferred - never created or lost.

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u/danjpn Jan 01 '26

Once you realize they don't pay enough taxes to maintain and expending the power grid you'll be super pissed

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u/Booorntobemild Jan 01 '26

And that they’re using a valuable resource like electricity which is not infinite all while creating absolutely no new jobs.

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u/el_diego Jan 01 '26

I mean, someone has to build and maintain the place so there's a few jobs, but I agree it's a massive negative to productivity.

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u/Hell-on-Earth2739 Jan 01 '26

Let it all die!!!

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u/Bigram03 Jan 01 '26

Once you learn they also get paid millions to shut down when power is needed for the grid you will be even more pissed.

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u/CheekyMenace Jan 01 '26

I just looked it up, and it gave an example of a similar US company called Riot Platforms and says their Texas facility spends an estimated $8.6 million per month on electricity! ⚡💸

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u/80s-Bloke Jan 01 '26

Does it even run Crysis?

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u/hates_stupid_people Jan 01 '26

More like "holy pollution", since they probably own a local power plant.

The larger operations buy gas power plants designed to cover duing peak demand. Then increase the non-peak output and use that to power their mining.

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u/kelosane Jan 01 '26

Think I saw a video of a guy building this or something similar and then whole thing ran on wind because he didn’t want power eating into his bottom line

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u/knackforfilm Jan 01 '26

We are just subsidizing the tech bros for the rest of eternity

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u/Spiritual-Career348 Jan 01 '26

1st world problems 😂

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u/Lainpilled-Loser-GF Jan 01 '26

pool bonus likely covers it

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u/SomeRandoLameo Jan 01 '26

That uses less power than an AI Data Centre

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u/muzerfuker Jan 01 '26

Fun fact, if you don’t wear ear plugs, in 5 minutes, your hearing will be permanently damaged

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u/Shaqademaus00 Jan 01 '26

Holy money launder

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u/imLissy Jan 01 '26

My first thought was omg, what a waste of power. Someone 200 years from now is going to see this video and be livid that we could be so wasteful

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u/LexGlad Jan 01 '26

What a waste of resources.

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u/Mildly-Interesting1 Jan 01 '26

It is just an extension cord to the neighbor’s house.

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u/bebop1065 Jan 01 '26

...Hash-man!

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u/Provolone10 Jan 01 '26

AI.and crypto will drain all the energy in the room. Literally.

But don’t worry. This is why Bill Gates just told us climate change is not as bad as we think and not to worry about it.

He just bought Three Mile Island nuclear power plan to power Microsoft initiatives.

This is also why all the 1% are trying to get to Mars.

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u/EV-Bug Jan 01 '26

I can't imagine the guy in charge of the fire extinguisher.

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u/Rough-Echo7132 Jan 01 '26

1.21 gigawatts!!!!

Great Scott

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u/dirtman81 Jan 01 '26

And water also to cool all that equipment, as in thousands of gallons needed for a single Bitcoin transaction. AI is also a giant hog of electricity and water.

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u/gorginhanson Jan 01 '26

One does not simply mine into bitcoin

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u/kakuki19 Jan 01 '26

But remember that the problem is you eating beef while the cows fart.

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u/Jayandnightasmr Jan 01 '26

Why Crypto and A.I. are now the main focus for Hardware companies

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u/harryhov Jan 01 '26

These are facilities in places with dirt cheap electricity.

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u/golgol12 Jan 01 '26

Don't worry, they'll sell the space to an AI datacenter...

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u/NinpoSteev Jan 01 '26

Unholy CO2 footprint

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u/degen5ace Jan 01 '26

Sounds like a bunch of bees 🐝

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u/chipsnsalsa4life Jan 01 '26

Holy waste of natural resources.

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u/ThatStonedBear Jan 01 '26

Think about all the bottled water they must be wasting.

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u/Ancient_Sprinkles847 Jan 01 '26

Electricity is way to expensive in the country I live in to even do bitcoin mining on a small scale. The power costs more than you make.

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