21 sats \ 0 replies \ @Brunswick1 16 Mar 2022 \ parent \ on: Kazakhstan has confiscated nearly $200 million in mining equipment from unregistered miners | The Block bitcoin
Bitcoin mining is being treated like cooking meth. This smells of state-regulated electricity price controls. Why are the miners causing blackouts if the electric suppliers are free to charge whatever they want for electricity? It seems to me a progressive electric price would solve this problem. If the miners are using their machines for heating their homes, where they would be heating them with electricity otherwise, I would think the government shouldn't care.