A startup in The Netherlands is using the heat generated by Bitcoin mining rigs to grow tulips,In the 17th century, demand for tulips — yes, the flower — spiked so sharply in Amsterdam that prices rose to staggeringly high levels, in a massive deviation between perceived and actual value that resulted in what is widely considered to be the first recorded economic bubble and subsequent collapse.
Fast forward over 300 years, and we've got the next potential bubble in the form of cryptocurrency, a speculative and infamously unstable digital asset that's already gone through its own fair share of dramatic boom and bust cycles. To de Groot, it's a way to reduce his company's reliance on natural gas, prices of which have soared ever since Russia invaded Ukraine.
I had a mining rig keeping my garage above freezing for a couple years, it only just paid for itself, but now it's a net negative.
Genius on so many levels. 💯
Because even though you published this garbage piece of journalism, even you can’t believe how bad it is?
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