https://news.slashdot.org/story/18/0...tm_medium=feed
Quote:
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One single cryptocurrency mining operation called Coinmint used up around 10% of the city's allotted power supply alone in January and February, according to Motherboard. When its electrical budget was exceeded in January, the city had to buy electricity from the open market at a higher cost, which was distributed among its residents.
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A city bans mining due to electricity usage. It's kind of bonkers we are trying to reduce consumption in all areas, and then along comes coin mining to throw that all out the window for something that has zero economic benefit.