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by kevingadd
1949 days ago
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In some cases miners literally steal electricity or other resources to mine, so carbon pricing won't affect scenarios like that [1]. Maybe we can treat those as a rounding error... At the point where miners are willing to do things like build a transformer station you're in wild territory way beyond a neighbor tapping into your cable line for free TV. If the money's good, what's stopping a connected miner from bribing the right people to get a discount on electricity and skip the carbon tax? [1] https://modernconsensus.com/cryptocurrencies/bitcoin/russian... |
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International sanctions. Civilize or die.