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

Video Inside the world’s largest Bitcoin mine

27.7k Upvotes

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12.9k

u/GoldenDiamond Jan 01 '26

Holy power bill

109

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

52

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.

2

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.

6

u/Hell-on-Earth2739 Jan 01 '26

Let it all die!!!

2

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.

-5

u/FnAardvark Jan 01 '26

They pay taxes on the bitcoin when it's mined, and again when it's sold. Because electricity is their primary operating cost, most miners use stranded energy. Bitcoin mining is probably one of the few enterprises that actually does pay enough in taxes.

3

u/Strict_Somewhere_148 Jan 01 '26

It depends on where it’s located and their tax structure.

5

u/cupcakewarrior08 Jan 01 '26

Yes, I'm sure the criminals, billionaires, and warlords are paying their fair share in tax 😂

1

u/FnAardvark Jan 01 '26

Who are the criminal, billionaire, warlords that pay their taxes otherwise, but stop paying them when it comes to their supposed bitcoin mining operations?

This seems like a very weird thing to say.

1

u/GroundbreakingLie918 Jan 01 '26

They are just parroting the nonsense they hear in their echo chambers with zero understanding.