Native American Bitcoin Mining? \ stacker news ~bitcoin

1582 sats \ 31 comments \ @siggy47 15 Nov bitcoin

I went into the only market on the Hualapai Reservation this morning to grab some coffee and a roll for breakfast. There was more than one notice warning that it was illegal to buy and sell SNAP/EBT cards on the premises.

I had ambivalent feelings. I oppose US government handouts paid for by taxpayers. On the other hand, I see the hardscrabble existence these people are eking out on land the government gave them as consolation for being invaded. Not much grows in this desert environment. People are doing what they need to do to survive and maybe get ahead.

I know that bitcoin mining has been at least considered on tribal lands, I think by the Navajo Nation. I got a few phone numbers and I'm going to make some calls to tribal leaders when I get home. People look at you as if you're crazy if you bring up bitcoin in person here. I am an outsider and probably come across as a scammer.

Still, bitcoin would benefit Native Americans immensely. I know there was some kind of initiative a few years back, but I think the guy involved was promoting a shitcoin.

view all related items

63 sats \ 5 replies \ @TheMorningStar 16 Nov

Thanks for the post. It's always great to know about the blend of cultures. Do native Americans have special provisions or subsidies on electricity etc.?

10 sats \ 2 replies \ @bren 16 Nov

It depends on the reservation. They all operate a little differently.

10 sats \ 1 reply \ @TheMorningStar 16 Nov

For reservation, I meant for constitutional rights for ensuring the safety of their culture or autonomy.

Because, I've seen the culture of many Indian tribes, I'm really fascinated to know more about American Natives. I watched Tulsa king in Hindi but never realised it was related to Native Americans.

0 sats \ 0 replies \ @bren 16 Nov

That makes sense. They are all sort of independent.

10 sats \ 1 reply \ @siggy47 OP 16 Nov

I don't think so. They have a good deal of autonomy.

53 sats \ 0 replies \ @TheMorningStar 16 Nov

I've asked you because we've many tribes which have special rights for culture or autonomy mentioned in the constitution. One tribe even has its own currency. They call they belong to the dynasty of Alexander the great. They live in the himalayas and they have their own rules, economy currency and they are autonomous in every sense. While farming weed isn't allowed in India, their village grows it and is world famous for Hash.

They do whatever they like.

59 sats \ 1 reply \ @anna 15 Nov

I think this is an excellent initiative. The government restrictions on reservation economies are really far-reaching and planned to restrict people from their traditions of hunting, fishing, and farming. I don't think SNAP/EBT is even a consolation, it's a method to control their food system and keep people unwell. All that to say, this is a really inspiring idea and please keep us posted on what you find out.

55 sats \ 0 replies \ @bren 15 Nov

I thought so too. It seems like it keeps them at indentured servants in some places.

43 sats \ 0 replies \ @flat24 16 Nov

All my life I have been fascinated by the history of Native Americans. It is magical to be able to step on their lands and learn from them... I congratulate you for your words and ideals. Keep going, keep working 💪🤠⚡🍊

148 sats \ 0 replies \ @justin_shocknet 15 Nov

I don't know to what extent his operational info public so I won't mention names, but there's well known miner that sets up mining containers on reservations using their otherwise stranded natural gas wells... the revenue is such a lifeline for these folks

44 sats \ 1 reply \ @JesseJames 15 Nov

If I were them I would 100% start mining on their own land, we have no say what they can or cannot do. Make some powerstations from the waterfalls, gas wells, etc, and any other natural resource they still own (before we steal it) and mine away... It's their chance to be independent again.

5 sats \ 0 replies \ @siggy47 OP 15 Nov

Exactly. It's a fantastic opportunity. A lot of these territories have cheap power generation.

55 sats \ 0 replies \ @kepford 15 Nov

I have thought this for a long time. I have no contacts though. Good work to pursue.

65 sats \ 0 replies \ @BTCMiner 15 Nov

“Bitzero is working with us to use our Western Area Power Administration hydroelectric power to reflect the company’s zero carbon mandate,” Fox said. “The additional heat produced from the data center facility will be used for our MHA Nation’s Greenhouse Project currently under construction.”

#33798

43 sats \ 1 reply \ @7e6e393a56 15 Nov

I found this topic very interesting, and I researched something about it and discovered something that surprised me... MazaCoin. The Oglala Lakota, who are from the north-central United States, between the Mississippi River and the Rocky Mountains, decided to create their own virtual currency, called MazaCoin. Due to the infertility of the land, they try to survive from tourism and a casino built in 2007. The currency was created by 38-year-old programmer Payu Harris and a group of anonymous people.

Just like you wrote about a shitcoin programmer

0 sats \ 0 replies \ @siggy47 OP 15 Nov

Yes. That was what I was thinking about.

54 sats \ 6 replies \ @Satosora 15 Nov

This sounds like a novel idea. But how will you get the energy for that?

20 sats \ 5 replies \ @siggy47 OP 15 Nov

It's not novel, really. It has been talked about for years. As far as time goes, all I am going to do is try to point a few influential people in the right direction. They need to do the heavy lifting themselves.

43 sats \ 0 replies \ @itsrealfake 15 Nov

not sure if you're already familiar with this: https://www.nativerenewables.org/

i drove past a large solar installation this summer, advertising that it was built with some large portion of native control, responsibility. seems like the sort of thing that might be valuable.

43 sats \ 3 replies \ @Satosora 15 Nov

Dont a lot of reservations have crime problems?

20 sats \ 2 replies \ @siggy47 OP 15 Nov

I don't know if the percentages are higher or lower than in other impoverished communities.

43 sats \ 1 reply \ @Satosora 15 Nov

If it is higher, might be troublesome to put mining rigs there if they will be vandalized.

44 sats \ 0 replies \ @kepford 15 Nov

Tribes have their own security. You haven't seen security at a tribal casinos

54 sats \ 2 replies \ @DarthCoin 15 Nov

https://bitcoinmagazine.com/culture/why-the-navajo-are-mining-bitcoin

https://www.powwows.com/how-bitcoin-could-represent-a-turning-point-for-native-american-communities/

0 sats \ 1 reply \ @siggy47 OP 15 Nov

That was fast! Thanks!

43 sats \ 0 replies \ @DarthCoin 15 Nov

I hope you will have a wonderful discussion with them. I really want them to understand the power of Bitcoin that could help them a lot.

54 sats \ 3 replies \ @DarthCoin 15 Nov

Yes, I read an article about mining in their land, but can't find it right now. If I find it will send it to you.

I totally agree with you, they should be well informed about Bitcoin, especially mining.

btw, did you watch the "Tulsa King" series? is also about natives usefulness in some other things...

0 sats \ 1 reply \ @kepford 15 Nov

You have peaked my interest. Tulsa King huh?

105 sats \ 0 replies \ @DarthCoin 15 Nov

Do I have top post another recommendation in the movies territories? Sylverster Stalone is making his last best acting in this series. I really love him.

0 sats \ 0 replies \ @siggy47 OP 15 Nov

Yes! Just the first few episodes. I have to get back to it when I get home.

54 sats \ 0 replies \ @Undisciplined 15 Nov

I think the guy involved was promoting a shitcoin.

That's really unfortunate, because it probably destroyed a lot of potential goodwill.