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TMats
Legalize the Constitution
Picture of TMats
posted
I’ve spent a fair amount of time this morning digging deeper into a story published in the online newspaper, Cowboy State Daily.

quote:
A cryptocurrency mining operation in Wyoming with ties to China that’s being scrutinized by the federal government has Wyoming lawmakers concerned.

The bitcoin mine is located next to a Microsoft data center in Cheyenne that has supported the Pentagon and is within a mile of F.E. Warren Air Force Base, a facility that controls nuclear-armed intercontinental ballistic missiles.


I had never heard of a “bitcoin mine,” and that is one weakness of the news story. More on that later.

F.E. Warren AFB is the HQ of the 90th Missile Wing, composed of 3 missile squadrons: the 319th, the 320th, and 321st.
It is the C&C base for the squadrons consisting of 150 Minuteman III missiles at facilities across eastern Wyoming, western Nebraska, and northern Colorado.

The “mine” is also located in proximity to a huge Microsoft Data Center.

Here’s the article

Now, what is “bitcoin mining?”

quote:
Bitcoin mining is the process of creating new bitcoins by solving extremely complicated math problems that verify transactions in the currency. When a bitcoin is successfully mined, the miner receives a predetermined amount of bitcoin.
…
Bitcoin is one of the most popular types of cryptocurrencies, which are digital mediums of exchange that exist solely online. Bitcoin runs on a decentralized computer network or distributed ledger that tracks transactions in the cryptocurrency. When computers on the network verify and process transactions, new bitcoins are created, or mined. These networked computers, or miners, process the transaction in exchange for a payment in Bitcoin.

Bitcoin is powered by blockchain, which is the technology that powers many cryptocurrencies. A blockchain is a decentralized ledger of all the transactions across a network. Groups of approved transactions together form a block and are joined to create a chain. Think of it as a long public record that functions almost like a long running receipt. Bitcoin mining is the process of adding a block to the chain.

In order to successfully add a block, Bitcoin miners compete to solve extremely complex math problems that require the use of expensive computers and enormous amounts of electricity. To complete the mining process, miners must be first to arrive at the correct or closest answer to the question. The process of guessing the correct number (hash) is known as proof of work. Miners guess the target hash by randomly making as many guesses as quickly as they can, which requires major computing power. The difficulty only increases as more miners join the network.


So, a “bitcoin mine” is essentially a super computer center capable of solving complex mathematical calculations. The Chinese Communist Party is involved in this operation in close proximity to a strategic missile base, and a Microsoft Data Center. Oh, and bitcoin mining uses huge amounts of electricity.

quote:
As the difficulty and complexity of Bitcoin mining has increased, the computing power required has also gone up. Bitcoin mining consumes about 121 terawatt-hours of electricity each year, more than most countries, according to the Cambridge Bitcoin Electricity Consumption Index. You’d need 9 years’ worth of the typical U.S. household’s electricity to mine just one bitcoin as of August 2021.


WTEF is this country doing?

Here’s the article I’m quoting from about bitcoin mining: What is Bitcoin Mining?


_______________________________________________________
despite them
 
Posts: 13760 | Location: Wyoming | Registered: January 10, 2008Reply With QuoteReport This Post
Sig2340
Step by step walk the thousand mile road
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posted Hide Post
quote:
Originally posted by TMats:

WTEF is this country doing?



Everything within the power of the progressives to do that will utterly destroy America as I (and likely you) remember it.

Few positive actions are being done to preserve America. As close as I can come off the top of my head, the sole positive is the lack of a Speaker of the House.




Nice is overrated

"It's every freedom-loving individual's duty to lie to the government."
Airsoftguy, June 29, 2018
 
Posts: 32372 | Location: Loudoun County, Virginia | Registered: May 17, 2006Reply With QuoteReport This Post
henryaz
member
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posted Hide Post
quote:
Originally posted by TMats:
Now, what is “bitcoin mining?”

C. J. Box weaves bitcoin mining into his latest Joe Pickett book, Storm Watch.


When in doubt, mumble
 
Posts: 10887 | Location: South Congress AZ | Registered: May 27, 2006Reply With QuoteReport This Post
r0gue
Seeker of Clarity
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posted Hide Post
quote:
Originally posted by TMats:
So, a “bitcoin mine” is essentially a super computer center capable of solving complex mathematical calculations. The Chinese Communist Party is involved in this operation in close proximity to a strategic missile base, and a Microsoft Data Center. Oh, and bitcoin mining uses huge amounts of electricity.


Cracking strong encryption is similar.



 
Posts: 11474 | Registered: August 02, 2004Reply With QuoteReport This Post
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