USCE 2023: Please let them shove a camera up your butt

The Something Awful Forums > Discussion > Debate & Discussion > USCE 2023: Please let them shove a camera up your butt

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Cimber: Feb 3, 2014

yronic heroism posted:

Nothing would have stopped McConnell from filling every R president�s Supreme Court nomination.

But it�s apples and oranges because the senate amending its own rules is not a cool zone end to the rule of law thing.

It was not like Reid wanted to blow that up but if anyone thinks McConnell would have let 3 justices expire due to an existing fillibuster boy do I have a bridge to sell.

Toss in McConnell not even allowing Garland to come to a vote and you can see why Reid's hand was pretty much forced.

# ? Apr 11, 2023 00:41

Adbot: ADBOT LOVES YOU

# ? May 25, 2024 04:04

GlyphGryph: Jun 23, 2013; Down came the glitches and burned us in ditches and we slept after eating our dead.

Trump absolutely ignored court decisions and would have ignored all of them if he wasn't reliant on the bureaucracy to do anything that mattered, but he never really had the opportunity to do so in a way that mattered (beyond investigations into him personally) because the bureaucracy largely refused to follow along. Even Republican bureaucrats generally aren't willing to ignore the courts, not openly at least.

# ? Apr 11, 2023 01:11

Edgar Allen Ho: Apr 3, 2017; by sebmojo

Velocity Raptor posted:

I had seen this story covered by CNN I'm curious as to why they only reinstated Jones to his position. From the CNN article, he was appointed back to his position since a special election isn't for a couple of weeks. But does anyone more familiar with TN state politics as to why only one of the two ousted members were reinstated?

Because Justin J. Pearson represents Memphis, which is not the same city as Nashville and thus requires a different group of old white people to reinstate him?

# ? Apr 11, 2023 01:32

Farking Bastage: Sep 22, 2007; Who dey think gonna beat dem Bengos!

Ummmm guys? https://www.youtube.com/watch?v=oXBoqvgcB7E

(USER WAS PUT ON PROBATION FOR THIS POST)

# ? Apr 11, 2023 01:41

Automata 10 Pack: Jun 21, 2007; Ten games published by Automata, on one cassette

Anything cool leaked? What�s the behind the scenes opinion on Ukraine?

# ? Apr 11, 2023 01:52

I AM GRANDO: Aug 20, 2006

Farking Bastage posted:

Ummmm guys? https://www.youtube.com/watch?v=oXBoqvgcB7E

Is that really how news anchors are dressing these days?

# ? Apr 11, 2023 01:53

FCKGW: May 21, 2006

https://twitter.com/schelzig/status/1645552011134345216?s=46&t=SGjc-kX_f4F_yldTowt91w

# ? Apr 11, 2023 02:02

CuddleCryptid: Jan 11, 2013; Things could be going better

Yeah the US is spying on its allies, that's been leaked line 20 times already. We're not going to stop and I don't know why anyone has that expectation.

The shortened title on that video made me think the Pentagon scrambled *jets* and there was something about to blow up.

# ? Apr 11, 2023 02:03

Killer robot: Sep 6, 2010; I was having the most wonderful dream. I think you were in it!; Pillbug

Automata 10 Pack posted:

Anything cool leaked? What�s the behind the scenes opinion on Ukraine?

As near as I can tell the high level stuff I saw matched up pretty well with what OSINT types and Ukrainians themselves have been saying. Though there's also a really amateurish Photoshop version of the damage/casualty estimates that like trim a zero off estimated Russian losses and flip digits on estimated Ukrainian losses to make them look high, but that's no surprise.

That's not to say the whole leak is a nothing, there's a lot of finer points that are absolutely valuable information to Russia or other state actors. And of course even if everyone spies on their own allies it's always super gauche to let your spying on your allies leak into public media.

# ? Apr 11, 2023 02:16

Gatts: Jan 2, 2001; Goodnight Moon; Nap Ghost

Don�t countries always spy on each other anyway? Even if allies?

# ? Apr 11, 2023 02:16

Wistful of Dollars: Aug 25, 2009

https://twitter.com/keithedwards/status/1645521387581308946?s=46&t=6HOSYVrXffESMo0NlyR0Lg

# ? Apr 11, 2023 02:18

GoutPatrol: Oct 17, 2009; *Stupid Babby*

Gatts posted:

Don�t countries always spy on each other anyway? Even if allies?

yes but you should still get offended if they are stupid enough to be caught.

# ? Apr 11, 2023 02:48

Queering Wheel: Jun 18, 2011

Gatts posted:

Don�t countries always spy on each other anyway? Even if allies?

Yes, everyone spies on everyone. But everyone pretends that they aren't spying on everyone, and everyone pretends that they don't know that everyone is spying on everyone, but know that everyone is spying on everyone. Everyone knows!

# ? Apr 11, 2023 02:54

Nameless Pete: May 8, 2007; Get a load of those...

We treat espionage how the French treat adultery.

# ? Apr 11, 2023 03:12

Jaxyon: Mar 7, 2016; I’m just saying I would like to see a man beat a woman in a cage. Just to be sure.

Gatts posted:

Don�t countries always spy on each other anyway? Even if allies?

Yeah but it's considered polite to at least pretend you aren't. If you get found out the intelligence programs make fun of you.

# ? Apr 11, 2023 03:52

Gumball Gumption: Jan 7, 2012

It's also how they spy on their own citizens. Their own hands are cleaner if another five eyes country does it and then tells you about it.

# ? Apr 11, 2023 04:06

Kith: Sep 17, 2009; You never learn anything
by doing it right.

https://twitter.com/schelzig/status/1645564667312369667?s=20

they hosed up so, so, so, so bad

Kith fucked around with this message at 06:46 on Apr 11, 2023

# ? Apr 11, 2023 04:15

Leon Sumbitches: Mar 27, 2010; Dr. Leon Adoso Sumbitches (prounounced soom-'beh-cheh) (born January 21, 1935) is heir to the legendary Adoso family oil fortune.

This week, a new movie opened in select theaters in NYC prior to a nationwide rollout over the next few weeks.

Based on a book of the same name, How to Blow Up A Pipeline is a taut heist film receiving high praise for both being a technically excellent film and for being a purposeful culture hack to widen the Overton window in America around direct action against fossil fuel companies.

The plot focuses on people from frontline and fence line communities who come together in an autonomous cell to target oil infrastructure to mess with their money. It's brilliant in it's storytelling and series of reveals and misdirection set to an excellent score. What's different from a normal heist film is that the characters are real people, probably some of them are like people you might know. They don't have extensive training or tons of skills, just a sense of self preservation. It's really empowering to see.

As described by one of the writers in a Q+A after the premier, the movie doesn't aim to encourage people to blow up pipelines, but rather to clarify the larger moral question we face right now in the United States(and elsewhere, but this is uspol).

Specifically, we likely all generally agree that if someone holds a gun to your head, you have the right to self-defense. That could include disarming the threat and disassembling the gun. One purpose of the film is to very clearly define who(ONG companies) is holding a gun (extraction) to the planet (earth) and open the door of possibility for action (direct) based on individual circumstances. It's a very cool idea executed really well by smart and talented people. In the Q+A they also said that they tried to be as accurate as possible with everything technical in the film and I'll leave it at that.

This has been a taboo subject on these boards, for very good and understandable reasons. However, I hope that the discussion of a film seeing nationwide release is palatable to the mods. Please keep conversation related to the film and potential impacts this kind of storytelling might have.

Also! The movie needs support. Check out if it's showing near you soon, and get a ticket for you and your crew. Use your dollars to help it succeed opening weekend. I think we need stories like this to help us imagine the other world that is possible, just out of reach for now but waiting to be born.

# ? Apr 11, 2023 04:23

Uglycat: Dec 4, 2000; MORE INDISPUTABLE PROOF I AM BAD AT POSTING
---------------->

Man, sabotaging pipelines from a front line camp... getting me nostalgic

# ? Apr 11, 2023 06:53

Nenonen: Oct 22, 2009; Mulla on aina kolkyt donaa taskussa

Killer robot posted:

That's not to say the whole leak is a nothing, there's a lot of finer points that are absolutely valuable information to Russia or other state actors. And of course even if everyone spies on their own allies it's always super gauche to let your spying on your allies leak into public media.

One of the bigger effects is going to be that everyone in the intelligence community are going to be super overworked trying to find the leak source, figure out how much has been leaked, what are the damages... this during a time when they are already overworked because of war.

# ? Apr 11, 2023 09:22

Leon Sumbitches: Mar 27, 2010; Dr. Leon Adoso Sumbitches (prounounced soom-'beh-cheh) (born January 21, 1935) is heir to the legendary Adoso family oil fortune.

Uglycat posted:

Man, sabotaging pipelines from a front line camp... getting me nostalgic

You were one of the posters I thought of with experience, I remember your DAPL-era posts.

# ? Apr 11, 2023 09:39

shoeberto: Jun 13, 2020; which way to the MACHINES?

Uglycat posted:

Man, sabotaging pipelines from a front line camp... getting me nostalgic

Oh good, I'm not the only FF7 fan itt

# ? Apr 11, 2023 13:23

shoeberto: Jun 13, 2020; which way to the MACHINES?

Leon Sumbitches posted:

You were one of the posters I thought of with experience, I remember your DAPL-era posts.

Oh.

# ? Apr 11, 2023 13:23

Crows Turn Off: Jan 7, 2008

Kith posted:

they hosed up so, so, so, so bad

Did they? What consequences will the Republicans face?

# ? Apr 11, 2023 15:20

Judgy Fucker: Mar 24, 2006

Crows Turn Off posted:

Did they? What consequences will the Republicans face?

They have to be in the same, very large room as an angry Black man

But in all seriousness, none of course. That tweet earlier that said "this is the end of the Republican supermajority" was laughable. Giving these two guys a national spotlight will help their political careers, but in the long run is not going to affect the GOP one bit.

# ? Apr 11, 2023 15:24

Sax Mortar: Aug 24, 2004

Crows Turn Off posted:

Did they? What consequences will the Republicans face?

Best I can think of is that they put two young and (so far) seemingly legitimately good men in the national spotlight that we almost certainly wouldn't have heard otherwise. Time will tell based on what they're able to do with said spotlight.

# ? Apr 11, 2023 16:00

Leon Trotsky 2012: Aug 27, 2009; YOU CAN TRUST ME!*

_{*Israeli Government-affiliated poster}

The NYT has printed an extremely detailed 2-year long investigative report on 34 major bitcoin farms in the U.S.

They have found that they are stretching the power grid in some areas and consume roughly 30,000 more power than the average household.

- Just 34 specific bitcoin mines in the U.S. represent consume about 2.5% of all non-industrial energy use in the United States.

- The largest 34 bitcoin mines in the country are responsible for roughly 0.4% of all carbon emissions in the United States.

- In Texas, the 10 largest bitcoin mines require the utilities to switch to more powerful (and expensive) generators that have raised electricity bills in the state by 5% - or roughly $1.8 billion - with price increases as high as 9% in West Texas.

Additionally, bitcoin mines were the largest strain on the Texas power grid and partially responsible for the blackouts during the winter of 2021.

Texas has approved a 300% increase in the amount of power allocated to bitcoin mining over the next few years, but the Texas utility board says that the price increase for everyone else won't be as steep as the previous 5-9% since the new generators are already up and running. They also argue that it will prompt faster research into cheaper sources of electricity.

In addition to approving the huge expansion, Texas has declared itself "pro-bitcoin" and given them special pricing. One of the largest bitcoin mines in Texas pays approximately 2.9 cents per kilowatt hour, while the average residential bill is 13.5 cents per kilowatt hour (more than 4x higher).

They also receive subsidies from a Texas power grid program that are pretty outrageous:

quote:

Each day that June, its computers� guesses were winning Bitcoin worth an average of about $342,000. But the company had two additional ways to improve its profit margins.

First, it had signed up for the Responsive Reserve Service, a Texas power grid program that offers a way to quickly reduce strain if the grid becomes overloaded, acting as insurance against blackouts. The program pays miners, and other companies, for promising to stop using electricity upon request. In reality, they are rarely asked to shut down, but are still paid for making the pledge.

The entire investigation is very long, but definitely worth a full read. The bitcoin companies making huge powerplays in several states and the enormous amount of energy and pollution they generate are unbelievable when you read the full numbers and scope.

https://twitter.com/nytimes/status/1645551298039930881

quote:

The Real-World Costs of the Digital Race for Bitcoin

Bitcoin mines cash in on electricity � by devouring it, selling it, even turning it off � and they cause immense pollution. In many cases, the public pays a price.

Texas was gasping for electricity. Winter Storm Uri had knocked out power plants across the state, leaving tens of thousands of homes in icy darkness. By the end of Feb. 14, 2021, nearly 40 people had died, some from the freezing cold.

Meanwhile, in the husk of a onetime aluminum smelting plant an hour outside of Austin, row upon row of computers were using enough electricity to power about 6,500 homes as they raced to earn Bitcoin, the world�s largest cryptocurrency.

The computers were performing trillions of calculations per second, hunting for an elusive combination of numbers that Bitcoin�s algorithm would accept. About every 10 minutes, a computer somewhere guesses correctly and wins a small number of Bitcoins worth, in recent weeks, about $170,000. Anyone can try, but to make a business of it can require as much electricity as a small city.

In Texas, the computers kept running until just after midnight. Then the state�s power grid operator ordered them shut off, under an agreement that allowed it to do so if the system was about to fail. In return, it began paying the Bitcoin company, Bitdeer, an average of $175,000 an hour to keep the computers offline. Over the next four days, Bitdeer would make more than $18 million for not operating, from fees ultimately paid by Texans who had endured the storm.

The New York Times has identified 34 such large-scale operations, known as Bitcoin mines, in the United States, all putting immense pressure on the power grid and most finding novel ways to profit from doing so. Their operations can create costs � including higher electricity bills and enormous carbon pollution � for everyone around them, most of whom have nothing to do with Bitcoin.

Until June 2021, most Bitcoin mining was in China. Then it drove out Bitcoin operations, at least for a time, citing their power use among other reasons. The United States quickly became the industry�s global leader.

Since then, precisely how much electricity Bitcoin mines are using in America and their effect on energy markets and the environment have been unclear. The Times, using both public and confidential records as well as the results of studies it commissioned, put the most comprehensive estimates to date on the largest operations� power use and the ripple effects of their voracious demand.

Riot Platforms� mine in Rockdale, Texas, uses about the same amount of electricity as the nearest 300,000 homes, making it the most power-intensive Bitcoin mining operation in America. Each of the 34 operations The Times identified uses at least 30,000 times as much power as the average U.S. home.

It is as if another New York City�s worth of residences were now drawing on the nation�s power supply, The Times found.

In some areas, this has led prices to surge. In Texas, where 10 of the 34 mines are connected to the state�s grid, the increased demand has caused electric bills for power customers to rise nearly 5 percent, or $1.8 billion per year, according to a simulation performed for The Times by the energy research and consulting firm Wood Mackenzie.

The additional power use across the country also causes as much carbon pollution as adding 3.5 million gas-powered cars to America�s roads, according to an analysis by WattTime, a nonprofit tech company. Many of the Bitcoin operations promote themselves as environmentally friendly and set up in areas rich with renewable energy, but their power needs are far too great to be satisfied by those sources alone. As a result, they have become a boon for the fossil fuel industry: WattTime found that coal and natural gas plants kick in to meet 85 percent of the demand these Bitcoin operations add to their grids.

Their massive energy consumption combined with their ability to shut off almost instantly allows some companies to save money and make money by deftly pulling the levers of U.S. power markets. They can avoid fees charged during peak demand, resell their electricity at a premium when prices spike and even be paid for offering to turn off. Other major energy users, like factories and hospitals, cannot reduce their power use as routinely or dramatically without severe consequences.

In some states, notably New York, Pennsylvania and Texas, Bitcoin operators� revenue can ultimately come from other power customers. The clearest example is Texas, where Bitcoin companies are paid by the grid operator for promising to quickly power down if necessary to prevent blackouts. In practice, they rarely are asked to shut down and instead earn additional money while doing exactly what they would have been doing anyway: seeking Bitcoin. Five operations have collectively made at least $60 million from that program since 2020, records show.

Several of the companies are being paid through these agreements a majority of the time they operate. Most years, they are asked to turn off for only a few hours, at which point they are paid even more.

The windfall for Bitdeer during Winter Storm Uri came through this program, in exchange for a fraction of the power it typically used. The company did not respond to requests for comment. Another Bitcoin company made tens of millions of dollars reselling electricity during the storm � and ultimately stands to earn as much as $125 million � according to its financial filings, which were previously reported by the Tech Transparency Project. A third company told investors that another natural disaster like Uri could be a significant business opportunity.

�Ironically, when people are paying the most for their power, or losing it altogether, the miners are making money selling energy back to Texans at rates 100 times what they paid,� said Ed Hirs, who teaches energy economics at the University of Houston and has been critical of the industry.

In interviews and statements, many of the companies said they were no different from other large power users except for their willingness to shut off quickly to benefit the grid. Several objected to the method The Times and WattTime used to estimate their emissions, which calculated the pollution caused by the additional power generated to satisfy the mines� demand, showing it to overwhelmingly come from fossil fuels.

The companies said this method held them to an unfair standard.

�The analysis cited could be used to attack any industry that consumes power,� said David Fogel, the chief executive of Coinmint, which operates in upstate New York. �I think the entire notion of singling out specific industries like this is unfair.�

But WattTime�s method is the one many energy and climate experts recommend for measuring the environmental effects of increased power use by any industry, particularly one that grows so large so suddenly.

Some in the industry have pushed back against suggestions that it is directly responsible for any environmental harm.

A May 2022 letter to the Environmental Protection Agency, signed by many of the biggest companies, said their operations �released� no pollutants. �Bitcoin miners have no emissions whatsoever,� it said. �Associated emissions are a function of electricity generation.�

Nic Carter, a partner at a crypto-focused venture capital firm and a prominent Bitcoin advocate who told The Times he was the letter�s primary author, said he was playing a �language game� when he wrote that Bitcoin mining has no emissions. At the time, he said, he felt the industry was being unfairly singled out.

�Maybe the more sincere point is like, we�re already fully aware of the emissions associated with utilities generating grid power,� he said.

Many academics who study the energy industry said Bitcoin mining was undoubtedly having significant environmental effects.

�They�re adding hundreds of megawatts of new demand when we already face the need to rapidly cut fossil power,� said Jesse Jenkins, a Princeton professor who studies electrical grid emissions.

�If you care about climate change,� he added, �then that�s a problem.�

Flooding Into America
Bitcoin, conceived in 2008, introduced most of the world to the concept of cryptocurrencies. Instead of trusting banks to track the value of accounts, the system publishes transactions on a public ledger called a blockchain. Proponents said that cutting out middlemen would free people from financial institutions, government oversight and fees.

So-called mining is a fundamental part of the system: When a computer guesses correctly, it updates the ledger and collects six and a quarter new Bitcoins. Then the guessing game begins again.

Initially, hobbyists could win with personal computers, but as the value of each Bitcoin soared � from under $1,000 in 2017 to above $60,000 in 2021 � mining increasingly became an industrial endeavor. (The price has since dropped and, as of publication, was roughly $28,000.)

The only way for miners to better their odds is to add computing power, which requires more electricity. But as the number of guesses increases, the algorithm makes the game more difficult. This has created an energy arms race.

The mines� scale can draw gasps from people in the power industry. A one-megawatt mine consumes more energy each day than a typical U.S. home does in two years. The electricity coursing through a 100-megawatt operation at a given moment could power about half the homes in Cleveland, according to federal data.

Aspects of the industry have previously been reported in news articles and government and nonprofit white papers, including broad estimates of the environmental effects. But The Times cross-referenced financial disclosures, land records and satellite imagery to create the first national accounting of the biggest operations. The analysis includes mines operating at approximately 40 megawatts or higher, although dozens more exist below that threshold.

Of course, other industries, including metals and plastics manufacturing, also require large amounts of electricity, causing pollution and raising power prices. But Bitcoin mines bring significantly fewer jobs, often employing only a few dozen people once construction is complete, and spur less local economic development.

Their financial benefit flows almost exclusively to their owners and operators. In 2021, the year Bitcoin�s price peaked, 20 executives at five publicly traded Bitcoin companies together received nearly $16 million in salary and over $630 million in stock options, records show.

The industry has been less profitable since then, as Bitcoin�s value has dropped and electricity prices have climbed. Two of the largest United States-based companies have filed for bankruptcy. Still, new mines continue to open across the country

There are ways to operate a cryptocurrency using far less electricity. Last year, Ethereum, the second-most-popular cryptocurrency, reduced the electricity needed to power the network by more than 99 percent by switching its algorithm. Now it rewards people and trusts them to update the ledger because they are willing to put up their own money as collateral, not because they have spent money to power guessing computers, as Bitcoin does.

But Bitcoin advocates oppose changing their algorithm, saying that it has proved resistant to attacks for longer and at a greater scale than any other approach. In practice, they say, the more computers making guesses, the safer the network.

As Bitcoin mining has spread, countries around the world have found that operations strained their power grids. In 2019, China declared the industry �undesirable� and banned it in 2021. Many operations moved to Iran and Kazakhstan, which also enacted restrictions.

And shipping pallets piled high with Bitcoin-mining computers started arriving in America, where some states welcomed them in.

The Land of Coal and Oil

Just north of Jamestown, N.D., the land is flat, trees are scarce and, in winter, snow drifts can easily top 10 feet. Even when brisk prairie winds blow, the shrill whine of the fans within Applied Digital�s Bitcoin mine can be heard a half-mile away.

They are working to cool more than 30,000 computers, stacked two stories high, stretching for hundreds of feet alongside signs that read �Danger � High Voltage.� The radiating heat melts the snow on one side of each of the operation�s eight buildings.

The mine has 33 employees and uses nearly 10 times as much electricity as all the homes in the 16,000-person town. It is one of three mines in the state that together consume nearly as much power as every home in North Dakota.

Few other states have been as welcoming to Bitcoin companies. In October 2021, Gov. Doug Burgum presented an economic development award to local officials and a power provider for bringing a mine to Grand Forks. Months later, he announced the development of a $1.9 billion Bitcoin operation in Williston. And last spring, he flipped a switch at the Jamestown mine�s ribbon-cutting ceremony.

The Bitcoin operations� effect on the state�s economy is simple, said Josh Teigen, the commerce commissioner: �They are propping up our fossil fuel industry, and that�s exactly what we want.�

North Dakota has an abundance of lignite, a type of coal primarily used to generate electricity. Mr. Teigen said the state hopes to ultimately capture the carbon from fossil fuel power plants and store it underground, reducing emissions while keeping the coal industry alive.

The state also has a large amount of wind power, which is what attracted Applied Digital, said Wes Cummins, its chief executive.

His company is not alone. Many Bitcoin businesses promote their ability to operate in rural areas where renewable energy is abundant.

But those claims have hit a hard reality: A vast majority of that renewable energy would be used even in the absence of the mines, so fossil fuel plants almost always need to produce additional electricity as a result of their operations.

For example, the Jamestown mine�s power demand causes coal or natural gas energy providers to generate electricity more than 90 percent of the time, WattTime found.

Using a technique known as marginal emissions analysis, WattTime examined each mine�s location and power use, identified which types of power plants had generated the additional energy needed, and estimated the resulting pollution. That method, and WattTime in particular, were recommended in a report by the Crypto Climate Accord, an initiative to reduce the industry�s carbon footprint supported by more than 200 cryptocurrency companies.

The analysis found that the 34 mines� power use was causing nearly 16.4 million tons of carbon pollution each year.

�I�m very surprised,� Mr. Cummins said, when told the estimates for Applied Digital�s Jamestown operation. He said his operation uses the electricity that is available on the grid and cannot control whether it comes from clean or dirty sources, which is affected by all customers� demand. The miners generally prefer calculating emissions based on that mix of power.

Using that method, WattTime estimated that they consume 54 percent fossil fuel-generated power, resulting in nearly 10.4 million tons of carbon emissions.

Lee Bratcher, president of the Texas Blockchain Council, a Bitcoin lobbying group, said in an email that the industry incentivizes the development of new renewable and natural gas plants. But power industry experts say that while some current wind farms may be benefiting modestly, renewable generation takes years to build and usually requires commitments from customers who can guarantee that they will buy power for a decade or more.

According to Dr. Jenkins at Princeton, the Bitcoin operations� near-constant power demand is more likely to keep fossil fuel plants in business than to lead to more renewable energy.

This proved true in upstate New York, where a gas-powered plant reopened and now powers a Bitcoin mine. Three other large operations are run by companies that also own the fossil fuel plants where they operate, including two burning waste coal in Pennsylvania.

Some of the Bitcoin companies that WattTime found to be causing the most pollution have held themselves out as supporting renewables.

For example, Riot Platforms� chief executive described Bitcoin mining as �uniquely beneficial and supportive of renewable energy.� Ninety-six percent of the power demand added by the company�s mine was met by fossil fuels, the WattTime analysis showed.

Bitcoin Miners� Power Play
Mining Bitcoin produces steady revenue, but using so much electricity can also be a business model.

Moments of extreme weather provide especially stark examples. Take June 23, 2022 � the eighth straight day of near-100-degree temperatures around Austin, which allowed Riot Platforms to demonstrate several ways they can turn electricity into money.

Like many industrial buyers, the company had prepurchased its power at a fraction of the price available to residential customers. Riot�s mine runs at 450 megawatts � the largest in the country.

Each day that June, its computers� guesses were winning Bitcoin worth an average of about $342,000. But the company had two additional ways to improve its profit margins.

First, it had signed up for the Responsive Reserve Service, a Texas power grid program that offers a way to quickly reduce strain if the grid becomes overloaded, acting as insurance against blackouts. The program pays miners, and other companies, for promising to stop using electricity upon request. In reality, they are rarely asked to shut down, but are still paid for making the pledge.

From midnight to nearly 4 p.m. on June 23, Riot earned more than $42,000 from the program while continuing to mine Bitcoin. (Overall in 2022, Riot made nearly $9.3 million from participating in the program nearly 85 percent of the time, the data shows, though the grid operator asked companies to actually lower their use for about 3.5 hours.)

Around that time, the company switched to the second technique: avoiding fees that Texas charges to maintain and strengthen the power grid. It did so by briefly shutting off almost completely.

To incentivize big customers to conserve electricity, those fees are based on how much electricity they use during several peak summer moments. Riot reduced its power use by more than 99 percent.

By 6:30 p.m., the company had resumed mining. If Riot had been fully operating all day, it would have incurred an estimated $5.5 million in fees � costs that are largely made up by other Texans. Over the course of the year, this saved Riot more than $27 million in potential fees.

The company�s actions were described in data published by the Texas grid operator, the Electric Reliability Council of Texas, or ERCOT. Though the records refer to power suppliers by pseudonyms, The Times was able to identify six of the 10 Texas operations in the data.

One final mechanism lets some companies make extra money when electricity prices spike: They can stop mining and resell electricity to other customers. That earned Riot roughly $18 million last year.

From Bitcoin mining, the company earned $156.9 million last year.

Five of the six Texas mines in the power grid data participate in the Responsive Reserve program. All six chose to turn off nearly every time fees were assessed in 2022, saving an estimated $62 million in fees.

When asked whether Bitcoin companies are disproportionately able to take advantage of both programs, ERCOT said in a statement that it �does not discriminate based on the type or activity� of the companies that sign up.

It is not unusual for companies in Texas to be able to anticipate moments when fees will be assessed and to reduce their demand, but unlike Bitcoin miners, most can stop using on average 5 percent to 30 percent of their electricity, industry consultants say.

In a statement, Riot said it reducing its power load helped all power customers.

�The company�s decision to actively reduce its load during anticipated times of peak demand adds to grid reliability and ultimately helps to reduce peak power prices,� the statement said.

Mr. Bratcher of the Texas Blockchain Council said the benefits outweigh the cost.

�In addition to providing jobs and positive economic impact, Bitcoin miners turn off when power prices rise and that power is then available for commercial and residential users,� he said.

Others say the companies are capitalizing on weaknesses in programs designed for very different industries.

�I think they�re exploiting the system,� said Severin Bornstein, a professor at the University of California, Berkeley, who studies electricity pricing. �But they will say, �You know, the system was already there,� and I�m sympathetic to that in some ways.�

After accounting for the savings and revenue from each of the strategies, Riot told investors its electricity cost in 2022 was 2.96 cents per kilowatt-hour.

By comparison, the average price for other industrial businesses in Texas was 7.2 cents. For residents, it was 13.5 cents.

�Texas Will Be the Crypto Leader�

These opportunities have led some of the country�s largest Bitcoin operations to choose Texas.

The 10 Texas mines identified by The Times use more than 1,800 megawatts of energy combined, forcing more expensive power generators to run.

�It�s a massive financial burden to Texans,� said Ben Hertz-Shargel, who leads grid-related research at Wood Mackenzie, and was part of the team that conducted the market-based simulation for The Times based on historical ERCOT data. Because of how the Texas market operates, the increases are steepest for residential customers, said Mr. Hertz-Shargel, who has previously criticized Bitcoin�s dependence on electricity as �inessential.�

Others say increased prices will incentivize the development of cheaper types of power generation.

�Expanding Texas generation is crucial, and allowing different energy sources to compete in the market will help drive down prices,� said Gideon Powell, chief executive at Cholla, an energy exploration company in Texas that is developing Bitcoin mines.

As of last month, ERCOT had approved plans to connect an additional 4,000 megawatts of Bitcoin operations this year, which would nearly triple their consumption in Texas.

In Congress, Democrats have called for a precise inventory of operations� power use and resulting emissions. Republicans have largely supported the industry, including by introducing a congressional resolution last month affirming its importance to the country�s energy goals and economy.

And in Texas, the companies have powerful allies. Gov. Greg Abbott said in a tweet that �Texas will be the crypto leader� and hosted the Texas Blockchain Council at the governor�s mansion. The grid�s former interim chief executive declared himself �pro Bitcoin,� and the current vice chair of the grid�s board is a former adviser to the Texas Blockchain Council. Still, in March, three Republican state senators joined in sponsoring a bill that would restrict tax breaks for miners and place strict limits on their participation in programs like the Responsive Reserve.

In Rockdale, where two of the largest mines in the country operate just outside the city limits, the city manager, Barbara Holly, told The Times that the town used to be �a fairly wealthy little community.� She said that changed when a large industrial plant that had provided thousands of jobs closed more than a decade ago. �It just cut the legs out from under this community,� she said.

It was the old aluminum smelter, now home to the Bitdeer mine.

# ? Apr 11, 2023 16:04

Mooseontheloose: May 13, 2003

Sax Mortar posted:

Best I can think of is that they put two young and (so far) seemingly legitimately good men in the national spotlight that we almost certainly wouldn't have heard otherwise. Time will tell based on what they're able to do with said spotlight.

Can someone more familiar with Tennessee tell us if it's possible to flip it? Places like North Carolina, Arizona, and Georgia I get because they are growing states, rapidly urbanizing or expanding. Can Tennessee be organized in any fashion outside of Memphis and Knoxville (though we should always be organizing!)

# ? Apr 11, 2023 16:10

DarkCrawler: Apr 6, 2009; by vyelkin

When mine-related things gently caress up your energy and they're not even actually mining anything physical...

# ? Apr 11, 2023 16:11

Harold Fjord: Jan 3, 2004

It's pretty much a perfect summary of how there will be no winning against climate change because conservatives will pay one another to roll coal, own the libs, and cast Meteor

Jenova's paradox

# ? Apr 11, 2023 16:15

Mellow Seas: Oct 9, 2012; Can't post for 10 years!

Leon Trotsky 2012 posted:

The NYT has printed an extremely detailed 2-year long investigative report on 34 major bitcoin farms in the U.S.

For all the big talk about �disruption� and �democratization of money,� crypto sure seems to be getting a lot of support from the people who are already rich, huh?

If bitcoin was ever anything else, what it is now is yet another mechanism for large financial institutions to hoover up money from the gullible and desperate by drawing them into a rigged game.

E:

Harold Fjord posted:

It's pretty much a perfect summary of how there will be no winning against climate change because conservatives will pay one another to roll coal, own the libs, and cast Meteor

Ehhh� I don�t know. This isn�t 1998. Climate change isn�t some theoretical thing in the future, it�s happening now and people can see it.

What the NYT op Ed demonstrates - along with another they printed today about the shocking climate impact of megayachts - is that �we all need to make huge sacrifices� was a lie perpetrated by people who didn�t want any action taken. And one that was, with good intentions, widely spread by climate activists themselves.

With our technological advances we actually have reached a point where doing things like curbing private jet use, reducing use of mega yachts, cutting the poo poo with bitcoin, and attacking industrial inefficiencies - along with subsidizing emissions-lowering industries, as we have been - actually can get us a huge portion of the way. On top of that you can add lifestyle changes for individuals that are not sacrifices like working from home.

�It�s all marginal,� you might say - well, 0.3% here, 2% there, 1.8% there� that poo poo starts to add up, when considering the sheer volume of stupid, useless stuff we use energy to do in this country.

We were all led to believe we would have to give up our comfort, because it was convenient for the people who would have had to give up their profits to pretend it was the case.

Mellow Seas fucked around with this message at 16:37 on Apr 11, 2023

# ? Apr 11, 2023 16:18

Mooseontheloose: May 13, 2003

Harold Fjord posted:

It's pretty much a perfect summary of how there will be no winning against climate change because conservatives will pay one another to roll coal, own the libs, and cast Meteor

Jenova's paradox

Listen, Shrina has my best interest at heart, sure this slum is dirty and mako poisoning killed my family, but could you imagine what would happen if we didn't have them around.

# ? Apr 11, 2023 16:18

Judgy Fucker: Mar 24, 2006

Mooseontheloose posted:

Can someone more familiar with Tennessee tell us if it's possible to flip it? Places like North Carolina, Arizona, and Georgia I get because they are growing states, rapidly urbanizing or expanding. Can Tennessee be organized in any fashion outside of Memphis and Knoxville (though we should always be organizing!)

I will leave fuller discussions to someone who is more familiar with Tennessee politics, but I do know Tennessee is egregiously gerrymandered both for U.S. House and it's own Assembly:

U.S. House

Tennessee Senate

Tennessee House

So there'll be that to fight against.

# ? Apr 11, 2023 16:21

Rappaport: Oct 2, 2013

DarkCrawler posted:

When mine-related things gently caress up your energy and they're not even actually mining anything physical...

Something something Gordon Gekko saying "greed is good", and if only that could be mined. But I suppose that's what capitalism is all about. Too bad about the environment.

# ? Apr 11, 2023 16:24

Young Freud: Nov 26, 2006

Crows Turn Off posted:

Did they? What consequences will the Republicans face?

Sexton got hilariously exposed living in Nashville and not in the district he's representing, Crossville, a couple hours away. He's on the hook for commiting fraud, at the least.

Edit: he's been claiming a per diem now worth five figured on housing and commuting from Crossville to Nashville, plus never paid the property taxes on his condo in Crossville. While he won't likely see punishment from the TN legislature, it does open him up to a court challenge vs. his residency whenever he goes for reelection.

Young Freud fucked around with this message at 18:11 on Apr 11, 2023

# ? Apr 11, 2023 16:27

Jaxyon: Mar 7, 2016; I’m just saying I would like to see a man beat a woman in a cage. Just to be sure.

Crows Turn Off posted:

Did they? What consequences will the Republicans face?

Realistically not much.

However elections are about voter excitement and they just elevated some local politicians and possibly lifted Dem voter engagement.

# ? Apr 11, 2023 17:53

Jaxyon: Mar 7, 2016; I’m just saying I would like to see a man beat a woman in a cage. Just to be sure.

For the Nashville shooter:

Were they ever confirmed to be trans, or was that police misinfo? The Wiki article says they were, but it sources back to cops.

# ? Apr 11, 2023 17:58

Leon Trotsky 2012: Aug 27, 2009; YOU CAN TRUST ME!*

_{*Israeli Government-affiliated poster}

Jaxyon posted:

For the Nashville shooter:

Were they ever confirmed to be trans, or was that police misinfo? The Wiki article says they were, but it sources back to cops.

It basically was.

The private messages they sent to their friend the morning of the shooting used a different name (Aiden), they had "he/him" on social media, and one of their friends said they were.

# ? Apr 11, 2023 18:03

Kalli: Jun 2, 2001

However we did get an article over the weekend that basically confirmed the manifesto has none of the interesting stuff people hoped for, just more 4chan pap about how cool school shooters are

https://www.newschannel5.com/news/tbi-director-shares-new-details-on-the-covenant-school-shooters-manifesto

# ? Apr 11, 2023 18:06

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# ? May 25, 2024 04:04

Fart Amplifier: Apr 12, 2003

Kalli posted:

However we did get an article over the weekend that basically confirmed the manifesto has none of the interesting stuff people hoped for, just more 4chan pap about how cool school shooters are

https://www.newschannel5.com/news/tbi-director-shares-new-details-on-the-covenant-school-shooters-manifesto

Nobody who needs to hear this is going to believe it.

# ? Apr 11, 2023 18:38

The Something Awful Forums > Discussion > Debate & Discussion > USCE 2023: Please let them shove a camera up your butt

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