Bitcoin Mining’s Boon for Small Town America

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Daniel Kuhn is a deputy managing editor for Consensus Magazine. He owns minor amounts of BTC and ETH.

It isn’t always clear how crypto is changing lives. The incorporality of blockchain ledgers, the fact that crypto wallets are online and the limited number of real world use cases all contribute to the common view that crypto, at most, is silly internet money. But for as ethereal as Ethereum is, crypto does have an actual footprint.

But on the ground that debate seems muted, at least as the documentary presents it. The energy mix of miners and looming threat of climate change are as incorporeal and distant as Bitcoin itself. To the extent that Spur’s residents seem concerned about the giant Helios mine opening a few miles down the road, it’s often just because of the jobs it has been providing.

Just wanted to say it was a great doc, really well done. Are you planning to submit it to any festivals? The small towns they inhabit often don't have many high paying or stable jobs. They don't have any sort of industry at this point. There may be a few retail shops, convenience stores, things like that, but it's not a lot. To really revitalize a town you need some sort of industry.

So the initial name for the film actually was “Tiny Home Kingdom.” We were trying to riff on, like, tiny homes versus a mega bitcoin mine. It sounded good on paper. But you probably have to make the doc a little more silly to go that route. You know, live with someone in their tiny home for a week.

 

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