@madphilip

1 Followers
0 Following
3 Posts
Show threadmadphilipApr 14, 2023
@Manigarm right on. Pre-Welch, GE put shareholder returns lower in their priority list than corporate citizenship (what a thought!) and taking care of their employees. Welch made high profits the new priority and the rest of the big companies followed suit.
madphilipApr 14, 2023
George Takei  🏳️‍🌈🖖🏽Apr 14, 2023
Waiting for an answer, Mr. Speaker.
madphilipApr 14, 2023
Augie RayApr 10, 2023
The US has at least 34 bitcoin mining operations. They consume more than 3,900 megawatts of electricity. That is nearly the same amount of electricity as 3 million households. In Texas, where 10 of the 34 mines are connected to the state’s grid, it's estimated the increased demand has caused electric bills for power customers to rise nearly 5 percent. The additional power use across the country also causes as much carbon pollution as adding 3.5 million gas-powered cars. https://www.nytimes.com/2023/04/09/business/bitcoin-mining-electricity-pollution.html
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.

The New York Times