Sat
Nov 2 2024
01:04 pm
....Bitdeer built a bitcoin mining facility at 5101 S. National Drive in East Knoxville in 2018.
"The company used 9.4% of all Knoxville Utilities Board electricity in 2023 but employs just 30 people..."
"Melanie Faizer, a journalist and professor at the University of Tennessee,... is investigating cryptocurrency mining operations, giant computer systems that suck up electricity but don't create many jobs."
"Faizer wants to know what kind of incentives TVA gave Bitdeer... TVA stopped giving grants to crypto companies last year because of their small benefit to local economies."
Frasier is suing TVA to get the information. TVA needs to produce. They can apologize at the same time. Bitcoin should be outlawed. Nothing is produced, lots of energy is wasted, and the facilities increase noise pollution.
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We cannot meet the demand for electricity of these "mines"
not to mention why should we?