120 thousand likes

>120 thousand likes
Im surprised we haven't gone to jail yet

mobile.twitter.com/Antre___/status/1482051923033440256

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never selling
fuck nfts and twitter

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>Inflation was caused by the NFT's!!!
lol

Whats stopping a far left leader from banning all things crypto in their country?

>New York
>being cheap
>in recent history
These stupid liberal niggers are going to pin their politicians policy problems on crypto aren’t they?

Can they please stop fudding like this I want to be bearish God dammit

>The researchers analyzed upstate New York, where Niagara Falls has fueled inexpensive hydropower and rural communities like Plattsburgh have borne an outsized impact from cryptomining operations that moved into former industrial sites. By looking at surges in Bitcoin prices and electricity demand curves, the researchers estimated that mining pushes up monthly electric bills about $8 for individuals, and $12 for small businesses.

>“That adds up to $250 million just for upstate New York for a year, and if you think of scaling that up for the U.S., we estimated it’s about $1 billion per year—many times that globally,” said Compiani. “These are warehouses full of computers and they only require one or two IT people to run the whole operation, so it’s unlikely that it brings jobs or stimulates the economy.”

>They did find that local governments were able to capture some increased tax revenue—most likely in the form of real estate taxes—amounting to about $40 million per year. That may be why some localities have offered discounted power, Compiani said. However, the increased tax revenue only offsets about 15% of the increased costs to locals.

>The researchers also looked at China, where electricity prices are constrained by the government rather than fluctuating with demand. While the data available was less detailed, they found evidence that mining operations seemed to crowd out other potential industries that may have employed more people, slightly depressing local economies. There is also anecdotal evidence that the increased power demands with constrained prices has led to supply shortages, rationing, and blackouts.

>While the paper focused only on the impacts from cryptomining, the researchers noted that large data centers—which are proliferating from the growing processing demands of cloud computing, AI, natural language processing, and quantum computing—may generate many of the same impacts for local communities.

As usual, it's just bullshit

the absolute fucking state of this clown world
and people actually believe this

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Read the story. The specific region was cheap due to hydropower.
But the ultimate conclusion to the research was that "THE MINERS DID THIS, ON ANECDOTES WE GUESSED WITH! oh btw data centers and pretty much every other major electric power consumer in the area may have been a factor too idk"
It's just confirmatory research done to drum up ire against crypto.