The PoW Extinction Event within 10 - 20 years

[GrandMasterDash]

EU Countries Must Be Ready to Block Crypto Mining, Commission Says

“In case, there is a need for load shedding in the electricity systems, the [EU] member states must also be ready to stop crypto-assets mining,” the commission said in a document published Tuesday. Load shedding is when energy companies deliberately switch off supply to a certain set of users to avoid the entire grid toppling.

We've got a few years to go but their determination remains strong.

 

[GrandMasterDash]

Quebec's Energy Manager To Cut Supply For Crypto Mining Due To Shortage

"...the provisional energy supplier wants to cut power sources for miners to survive in the winter when the minus-degree temperature requires residents to use heaters and other electrical gadgets to survive.

In this regard, power managing firm Hydro Quebec, which controls, generates, and distributes electrical power across the Quebec province of Canada, filed a report to the energy board on November 1. The distributor in the report asked the government to allow the hydro-electrical power plant to limit the energy supply to crypto miners."

 

[GrandMasterDash]

The anti-PoW archive grows. Light reading, no action, just words.

ECB Official Says Energy-Intensive Crypto Should Be Banned

"Crypto assets should be banned if they are too energy intensive, European Central Bank board member Fabio Panetta said in a Wednesday speech that added to the ECB's previous criticism of private digital currencies."

 

[xkcd]

Fuck'em. The China ban showed, that a country of even a group of countries can ban that shit and nothing changes, mining will happen elsewhere, big deal.

 

[GrandMasterDash]

U.S. Treasury Department Proposes 30 Percent Excise Tax on Crypto Mining Firms

Did you notice this cherry picking of electricity usage? Including off-grind generation. How to catch those dodgy tax evaders and can we apply this to washing machines and ac?

Eight years to go...