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    Texas Observer (texasobserver@texasobserver.social)'s status on Sunday, 11-May-2025 04:35:34 JST Texas Observer Texas Observer

    Top story: While #Bitcoin is designed as a decentralized payment system, its consumption of Texans’ true wealth—natural resources—is centralized in the hands of a few companies, sucking up massive amounts of water and #energy to keep hardware running 24/7.
    https://www.texasobserver.org/the-crypto-racket/

    #water #environment #ClimateChange #pollution #politics #USpol #news #Texas #crypto

    In conversation about a day ago from texasobserver.social permalink

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    1. Domain not in remote thumbnail source whitelist: www.texasobserver.org
      The Crypto Racket
      from @CandiceBernd
      Bitcoin mining afflicts locals with noise pollution, threatens water supplies, and receives generous public backing.

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