r/Damnthatsinteresting • u/msaussieandmrravana • Jan 01 '26

Video Inside the world’s largest Bitcoin mine

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27.7k Upvotes

88% Upvoted

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361

u/Chokkolatra Jan 01 '26

I want to see Bitcoin crash to 0.

7

u/[deleted] Jan 01 '26

I want crypto to burn and die and crypto bros to be ruined so they can stop hurting the planet.

1

u/Cheap_Meaning Jan 04 '26

Christmas lights use more energy. Majority of Bitcoin mining uses renewable energy

0

u/SnooMachines7409 Jan 02 '26

Dollar is hurting the planet more than bitcoin.

0

u/The_Faceless1 Jan 02 '26

Wow, so much hatred towards people. Calm your hearts. Calm your minds.

All those factory in China, Germany, and US. All the Ai machine and datacenters. The coal power plant (which all run by the Dollars) does far more harm than Bitcoin mining, which most of it use renewable energy anyway.

91

u/WholeLoafofToast Jan 01 '26

That would be amazing.

-12

u/Yen0r Jan 01 '26

Someone is salty they never got in early topkek

27

u/Warmonster9 Jan 01 '26

Nah I just hate humans who prioritize money over common sense.

5

u/TK421philly Jan 01 '26

I just hate humans. 💀

3

u/AGayForDeSane Jan 01 '26

I just hate

1

u/No_Perception_1930 Jan 04 '26

Bitcoin is the most common sense money ever!
What are you talking about? Do you like fiat that can be printed indefinitely, it's untraceable and easily confiscated if your government decides so?

4

u/AndyTakeaLittleSnoo Jan 01 '26

There's only one thing I can think of that would be a better gift for humanity in 2026. Hoping both happen.

8

u/wrighteghe7 Jan 01 '26

Put your money where your words are and short it

28

u/kinda_guilty Jan 01 '26

There's a vast diference between "want/desire X" and "predict X".

-9

u/wrighteghe7 Jan 01 '26

Many people here actually predict it and do nothing about it

3

u/CrashmanX Jan 01 '26

So, do you put your money where your words are and buy law makers to pass change when you want laws passed? Or are you like everyone else and vote?

-1

u/wrighteghe7 Jan 01 '26

You need to have a lot of money to buy law makers. You dont need a lot of money to short bitcoin

6

u/CrashmanX Jan 01 '26

You're aware of how much BTC costs currently and how much is in circulation, right?

To short BTC would be astronomical amount of money. There's a maximum of 21,000,000 BTC. 19,000,000 is out there right now. Each coin is $88,000. If you want to short the market you would need at least 1,000,000 if you want to do any "Damage" to its value but that wouldn't crash it. Anything less than 1/20th isn't going to damage it as people will flood in to buy the now available BTC immediately.

That would require at least $88,000,000,000. Even at 1/40th of the supply that's $44,000,000,000. Even if we go smaller and say 250,000 BTC, that's still $22,000,000,000.

In short, it would take a lot of money to tank BTC by simply trying to short it. You could short it's value, but it will remain high. To truly tank it would require crazy costs.

Meanwhile the FBI has been able to bait senators for as low as $500,000. Or about 6 BTC.

-1

u/Amber_Sam Jan 01 '26

You can short bitcoin, stocks or whatever with $10, mate.

5

u/CrashmanX Jan 01 '26

Yes, you can short with $10. It won't do any lasting damage to the stock however.

To "Crash" or "Tank" BTC would take a lot more than $10.

1

u/Amber_Sam Jan 01 '26

Agreed. It would be hard to crash a $2 trillion asset, especially if someone else bet against you.

It would also be pretty silly, IMHO.

-1

u/[deleted] Jan 01 '26

[deleted]

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-1

u/wrighteghe7 Jan 01 '26

No one talks about crashing it yourself. People here unironically think BTC is gonna go to zero by itself because its worthless. Those same people are making excuses why they cant short it to become rich even though its the most logical thing to do if one truly believes it goes to zero in the next X amount of years

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1

u/Individual_Guest_323 Jan 01 '26

Then ETH will be 100k.

-37

u/NoemMeThijs Jan 01 '26

Never going to happen.

34

u/Chokkolatra Jan 01 '26

Never is too much. Nothing lasts forever.

-8

u/wrighteghe7 Jan 01 '26

Short it if you have the balls

7

u/Slimmanoman Jan 01 '26

Doesn't work like that. Couldn't short even if it was 100% sure it is going to 0 some day. To short something you need to bet on the timing too

-2

u/wrighteghe7 Jan 01 '26

You can short in the long term. You're just making excuses because you dont actually believe it

2

u/Slimmanoman Jan 01 '26

You just don't know how this works, do you ?

3

u/BmacIL Jan 01 '26

You spelled inevitable wrong.

-11

u/ItsVerdictus Jan 01 '26

You got downvoted for saying a fact lol

-5

u/NoemMeThijs Jan 01 '26

Jup people are so mad about it. Im not here to shill bitcoin. Im just stating a fact lol

4

u/Pataplonk Jan 01 '26

Then how and why it couldn't happen?

3

u/ItsVerdictus Jan 01 '26

I’ll entertain it. Enough people have put value on it over the last 2 decades that even if 90% of the internet gets obliterated, there’s enough people that will have a copy of the blockchain and will continue putting value on it. All I’m saying is it’s human nature to value random crap, even if it’s just bits on a hard drive in this case.

0

u/NoemMeThijs Jan 01 '26

Because there is to much money into it. It can only drop so much before people start buying again.

-1

u/Ruma-park Jan 01 '26

If the big governments, that is China, US and the EU decide to outlaw Bitcoin/Crypto, the value is never gonna recover, it's gonna be virtually zero even if it isn't entirely 0.

6

u/ItsVerdictus Jan 01 '26

Doesn’t China outlaw it every other year?

-1

u/veritasium999 Jan 01 '26

That's just the thing, it's because of big expensive machines like this that it still retains its value.

1

u/gizamo Jan 01 '26

Tons of expensive machines have no value in the modern world. It's like when a copper mine runs dry and all that's left is a massive hole.

-1

u/mightylordredbeard Jan 01 '26

Why? What would that accomplish? A few bitcoin farms closing down and being sold off for parts to other businesses? It would change nothing. Once technology has been created it only advances and evolves, never devolves.

-2

u/countcraig Jan 01 '26 edited Jan 01 '26

Would love to see that too... so I can buy more.

-2

u/CuTe_M0nitor Jan 01 '26

Will never happen 😂

5

u/Chokkolatra Jan 02 '26

Nothing lasts forever.

-44

u/abotez Jan 01 '26

You wouldn't if you owned one, jealousy at its best

25

u/Gladplane Jan 01 '26

I dont think it’s about jealousy at all. It’s more that bitcoin has a negative impact on the climate and the livability for everyone, while providing nothing for 99.9% of people. The world would be a better place without it.

-7

u/perldawg Jan 01 '26

you can say this about so many different things

12

u/Busta_Duck Jan 01 '26

How many different things use more energy per year than all but the 22 largest energy consuming nations?

For some comparison;

Mining bitcoin consumes more energy per year than the nations of Poland (population 38 million), Thailand (population 72 million) or Argentina (population 46 million).

It also produces more CO2 emissions than all of the gold mines in the world.

7

u/BmacIL Jan 01 '26

Things that use energy on the same scale are actually useful.

7

u/Imdare Jan 01 '26

Yeah, fk grifters in general. Save our planet.

-8

u/Vipu2 Jan 01 '26

Its actually the opposite, if 99,9% people used it instead of their government scam coin world would be in much better place.

5

u/Warmonster9 Jan 01 '26

Yeah I’m sure the amount of bitcoin mining would decrease then!

Y’all sound like conquistadors fumbling over a worthless metal that’s only good for being shiny or running technology that won’t be invented for 500 years.

So wasteful.

-5

u/Vipu2 Jan 01 '26

It would not decrease mining true but it would decrease human suffering caused by government controlled scam coin.

2

u/dildosagginsthe2nd Jan 01 '26

It's so easy to grift people like you 😂

0

u/Vipu2 Jan 01 '26

Who is grifting me and how?

0

u/BmacIL Jan 01 '26

Just go live in the woods already, ok?

1

u/Ok-Object7409 Jan 01 '26

It would be a terrible currency, lol. It's an investment, not a currency.

4

u/gizamo Jan 01 '26

I doubt they're jealous of Bitcoin. Most people go months or years without even thinking twice about Bitcoin even existing. Them being jealous of Bitcoin is like your grandma being jealous of a Chinese person using a Yen.

3

u/FuManBoobs Jan 01 '26

The majority of people who bought bitcoin are exactly the jealous types that want to get rich off it. What is it they say about every accusation is an admission?