The fallout from Arkansas' "right to mine" bitcoin law
HTML-код
- Опубликовано: 14 апр 2024
- The peace and quiet of rural Bono, Arkansas, has been shattered by a loud and incessant mechanical buzzing sound created by a bitcoin mine. What exactly is a "bitcoin mine," and how does it work? Who owns them? And what can the residents of Bono do about them? Correspondent David Pogue investigates this very loud problem.
[A previous version of this report incorrectly stated that "at least 50 bitcoin mining plants are planned in Arkansas." In fact, as of April 14, 2024, when this story originally aired, at least 50 counties in Arkansas had passed ordinances to restrict the sound level emitted by bitcoin mines.]
"CBS News Sunday Morning" features stories on the arts, music, nature, entertainment, sports, history, science and Americana, and highlights unique human accomplishments and achievements. Check local listings for CBS News Sunday Morning broadcast times.
Subscribe to the "CBS News Sunday Morning" RUclips channel: / cbssundaymorning
Get more of "CBS News Sunday Morning": cbsnews.com/sunday-morning/
Follow "CBS News Sunday Morning" on Instagram: / cbssundaymorning
Like "CBS News Sunday Morning" on Facebook: / cbssundaymorning
Follow "CBS News Sunday Morning" on Twitter: / cbssunday
Subscribe to our newsletter: cbsnews.com/newsletters/
Download the CBS News app: cbsnews.com/mobile/
Try Paramount+ free: paramountplus.com/?ftag=PPM-0...
For video licensing inquiries, contact: licensing@veritone.com
What a waste of electricity
When we have grid shortages of electricity in Texas, they pay these Bitcoin miners billions of dollars *not* to operate. They locate these mines where taxes and electricity are the very cheapest - which is usually a drain on a rural electric co-op. ⚡😲⚡
@@Austin8thGenTexan BANKRUPT
@@DgurlSunshine It's never in the best interest of the People. 🥀
Depends on whose using it, for what purpose, and its ROI, as to whether it's a "waste"... the cryptominers sure don't see it that way... your opinion (or mine) doesn't mean squat. The downside of unincorporated land areas...
💦😫💦💨 WHY IS OJ DEAD WHY?
I feel so bad for these neighbors. I used to live next to a bunch of all night partiers and it was torture. Noise can destroy your life. The impact of chronic noise needs to be taken more seriously.
The way people in American industry government bend over to the Chinese is disgusting.
The Chinese are trying to control Bitcoin
How is it not illegal to put out this level of constant noise directly next to a residence?
Just a guess but I pretty sure none of these properties are zoned residential. At the most it's mixed use zoning. Both properties are running businesses. I'm curious if during harvest season (24/7 work and tons of noise) these people started getting complaints. They would stop working?
That is awful
💦😫💦💨 OJ IS DEAD WHY? WHY? WE LOVE OJ.
Why is Arkansas allowing Chinese companies to benefit here in the states
As a resident of Arkansas, being a one party state you can imagine how much 'deregulation' is loved. These folks love deregulation so long as it is harmful to others, but start to whine as soon as they are forced to take responsibility for their actions.
As opposed to poverty living in California that cause people to flee to Arkansas
@@mattnatwhitt5082lmao nobody is moving to Arkansas in droves. Poverty state
@@user-jo1zj1vg4v they just went from 0.2 to 0.7% increase in population growth. Someone is moving there considering California dropped 0.2% in the same year
You misspelled 'corrupt selected officials in your state are selling out to the communist Chinese party'.
"Deregulation!"
"Not in my backyard!"
🤠
Why is China allowed to build these in the US?
This should absolutely be illegal!! If you were one of the politicians that drew up this bill and supported it, God help you , and I hope they build one in YOUR yard.
So he ushered in criminal elements, most from the CCP, for a "cheap date" off the backs of taxpaying working families and took away their right to do anything about it - the noise or anything else.
If you can't see what these people are doing....bless your heart.
And the Republicans say they love America...
Sarah Huckster Sanders
@@JerjerB PETE RICKETTS
💦😫💦💨 WHY IS OJ DEAD ? OJ DONT LEAVE ME U WAS INNOCENT.
@@JerjerB💦😫💦💨 OJ IS DEAD WHY ? WHY?
Sue until they enclose the fans and press for Chinese bitcoin regulations on U.S. land. Greedy corporations over people. Good luck 🍀 That noise is unhealthy.
This is not right. Should not be allowed to place those things anywhere. Especially personal homes. It’s not only about the noise it’s about the health risks.
💦😫💦💨 OH MY OJ IS DEAD DEAD DO U HEAR ME?
Health risks? You make it sound like it’s a meth lab, the city can make an ordinance for them erect a structure and bring the decibel level to a lesser level
Miner should set up temporary baffles for sound while redesigning.
Just enclose the the sites and put sound dampening materials inside. Not hard should have been apart of the bill.
I think that her property needs watering... say with a high pressure fire hose... And say that hose just happens to get out of control, and hit that mining server farm? Oops... what a shame... ;-P
stupidity raises it head in state and local politics... AGAIN...
Is there not a noise ordinance??
Probably not with right to mine
There are more efficient and quieter ways to cool a datacenter lmao.
That cryptominer showed it...
💦😫💦💨 PLEASE PLEASE OJ CANT BE DEAD.
@@igorschmidlapp6987💦😫💦💨 OJ IS DEAD.
Water cooling would be good
Camouflage and an AMR would be my solution to this
Wait so you're telling me complete deregulation leads to people taking advantage and causing trouble for lower income families? Who could have seen that coming except for literally anyone who's not Republican. Those families got what they voted for.
💦😫💦💨 OJ IS DEAD O WHY ?
@@paulyricca3881 🔥 👹 🔥
@@Austin8thGenTexan🥃👴🏻 WHY? WHY? IS OJ DEAD WE MSS U OJ
@@paulyricca3881 O.J. timed out. ⌛
Frickin DO SONETHING corrupt Arkansas
0:17 Definitely the wrong map. Bono is towards the Northeast part of the state outside of Jonesboro. not anywhere near conway
I’m surprised it hasn’t caught fire 😮
My first thought!
If that property isn't zoned for light industrial, they are breaking the law with the scale of the operation. There are also noise ordinances. Bitcoin right to mine is not relevant to being a bad neighbor.
The whole thing is so stupid, it is a fantasy world...
A newer version of the Beanie Baby craze - only much more expen$ive ! Preying on the poor and uninformed.
@@Austin8thGenTexan so blackrock & fidelity are poor and uninformed?
Dystopian
It's really not @@Austin8thGenTexan
@@Austin8thGenTexan
👗⬅️YOURS?
One word....
Sabotage!!
Sounds like some Robin Hood like people need to step in and make it to expensive to operate.
Bitcoin is not a currency. The Satoshi paper claimed it would be, but it failed to deliver on that claim in spectacular fashion. And it turns out that blockchain technology is a poor system for ever running a currency use case. At best it’s digital speculation or a form of price-variable bearer bond. Excellent for laundering money and offshoring without government oversight…for people who like that sort of thing.
yeah, you are correct, as much as techbros keep spouting gibberish this is what it was from the beginning.
Say what? You need to do a little more research. Check out Lightening, which is a layer 2 bitcoin product on the blockchain. It’s fast, moves between many currencies and has no middle man charging outrageous fees. Bitcoin is the future. These rude and disgraceful miners are not. Eventually I imagine mining rigs in people’s basements, with the excess heat used to power homes inexpensively. That process has already begun in offices and industrial buildings.
How has it failed to deliver? Let me guess, you believe in fiat? You must love government issued money lol. Fun fact the US dollar is also used to launder money. Look at where your tax money is being spent?… to funds mass massacres and genocides in other countries while you get to sit back laugh about it huh? Wake up and be open to new technologies. The satoshi white paper created a currency to survive on when governments no longer cares about you… it was never intended to be secret. It’s a public ledger where everyone get a copy of the same transaction…
There's plenty of people who use it to pay for stuff. I love when people act as if the current people in charge are going to say that new thing is better, let's use that. 😂😂
Smart contracts and store of value.
You sound like someone from 2013, times have changed
this would be classifoed as a statutory noise nuisance in Britain under the environmemtal protection act.
The Federal EPA has noise laws which apply regardless of state and a call to the national EPA helpline should be in order
First FRACKING, now it’s this.
Nothing wrong with Fracking
They need to be subject to noise abatement laws.
Lady should get sued for the upkeep of her lawn.
Don't give up Gladys!!
I thought the cost of electricity is more than the value of bitcoin mined anymore?
Nah, coins are back up in price. 55k-68k
Arkansas also has pretty cheap electricity cost.
Even if you lose money right now, if bitcoin jumps up again in a few years the investment is worth it.
@@bford98541
🥃👴🏻 SHHH! HUSH YO MOUF! SILENCE IS FOO!
🥃👴🏻 SOOO HOO IZ IT??
Funding the pockets of Chinese millionaires on the backs of Americans. Business as usual.
That's what C4 is made for...
This is why zoning laws exist
This stuff shouldnt be allowed in residential areas
I couldn't imagine dealing with that constantly. I hope she gets the money she deserves so her family can move into a quiet neighborhood
i appreciate her for being diplomatic but i would absolutely take this to the physical retaliation level
Water cooling would solve the noise issue.
I’m a Bitcoin enthusiast, but this is just wrong! I’m so sorry.
Decentralization is a Fool's Paradise.
There’s also fire risks to think about!
Good luck it doesn't matter if you can't breath or even walk out side. And again no regulations sow what do you think they will do
And it brings out heat. Sow what do you think.
HOT HOT HOT WASTE
I think that you can't spell, is what I think...
I have a fine spell checker
It came with my PC
It plainly marks for my review
Miss steaks aye can knot sea...
I say we should help those red states get all the republican policies we can help them get! Maybe the businesses will just buy the whole south.
The red states definitely don’t want the liberal policies. Every bad policy we have in my state is some moronic liberal policy
It’s a big problem here in Arkansas and extremely annoying
They should have never let that operation so close to someone’s house…they should have to modifying it to make it quiet or move
To me it's just a shame and it actually hurts the investment. And it's just an xbox for rich people to burn money and for get all of you. We have the power and we don't care. Bitcon ow because no regulations no nothing because that never goes rowing.
We had to take an exam in Psych Medicine, with Boom Boxes blasting 50’s Rock and Roll, another spirting various numbers in a monotone voice, another was playing 1944 WWII news from the front, and another was Orchestral Movements from Bach and Beethoven. The intercom listed all our names in a repeating roll call, where when our specific name was called, we had to turn our test over, stand for 5 seconds during red light, until a light turned green, and then we had to sit down and continue( instant failure if you missed roll call stand). Students who missed their name being berated and escorted from the exam in tears, with hands cupping their ears, while they yelled at us to keep our eyes on our exams, and flashed the lights on and off above us.
There was Dosage Calculations based on weight, and the numbers drove students mad😂
They didn’t grade or count the 50 question test, it was an empathetic lesson we got an A for completing.
I, with severe ADHD, had no trouble completing the test😂. My brain acts that way all the time, but I did develop a burned in memory from that test.
Seems like the neighbors wont say anyrhing if someone took cqre of it.
Hahahaha, keep voting those idiots (business friendly) officials into office.
Is illegal to mine in china, but China's government is mining in the states lmao
People get away with so much B.S.
This is untenable! It’s like dumping polluted water on your neighbors, for example. It’s a dumping of an unpleasant and unhealthy physical effect! It should be illegal…
Isn’t this the price of progress though? We’re going to miss it, when it all ends up under concrete
Make it within a week! Neighbors already suffered for months and they also have made money for months too. You make money but can't pay for builders in a week is a shameless. That's why avoid chinese investors.
I wonder Republican controlled states passed laws allowing Chinese gov backed tech companies to set up shop anywhere in their states without any regulations.
That’s be awful to make up to.
You telling me some good ole boys can't fix this with some ole sticks of Boom boom.
That’s so messed up bro
facilities are Chinese
Bitminer need to be banned for ever
See, here's the thing: you move out to the country be ready for not having the same regulations as the city.
They did say they will enclose it. It’s not like they are ignoring completely. Maybe complaints helped but hope that gets resolved soon for them
You think that’s bad. In NC there are no zoning regs where my mom built her little dream retirement home in a residential area. Her neighbor soon after started a port-a-potty business. She now has an endless stream of outhouses coming and going in view of her home, with occasional rank odors. That’s a high price for freedom.
I would think sound dampening or white noise emitters could be used to keep the noise much more tolerable.
The Chinese make so much money off the USA.
I hope those American citizens win that lawsuit.
The thing is he could have spent money on nicer fans.
That’s crazy.
There are better ways to computers quietly 🤷🏾♂️
They can just sound proof the walls
of course they use the word Fallout in the title of this video
It is not okay to do this to people.
Do onto others as you want done onto yourself.
You cant fo this to people
They'll just have to build a noise insulation cover on top of the servers.
Why what they need is to rent out their land for poultry manure disposal.
ITS NOISE POLLUTION! CRIMINAL.
Come on that's pretty funny China using the americans to to mine bitcoin for China 😂
Go inside
Arkansas’s government should require all the mining farms close immediately and not start until they meet an inaudible decibel level.
Those republicans & business friendly.....counting on money making operations to worry about people's welfare is fool's gold....aint gonna happen...that why we need gov regulations
Big you are
😢
Bet they’re still gonna vote trump. I’m sure if you talked to them long enough that they’d be telling you the government should get out of their lives!
BIDEN & DEMS TOOK BITCON DONATIONS
Yeah that place would not last long if i had just bought a nice property there. it would spontaneously ignite but idk how
Lol 😂 tell your governor 🤣 she don't care
Why does CCP need to do bitcoin mining in US when they could do it easily in China? Super computer can increase efficiency for online hacking and spying, especially with added benefit of proximity. Why did American lawmakers allow this on American soil? Looks like another security risk.
Because bitcoin mining is illegal in China. So they do it in the US... and send the profits to China...
This video was reposted, but they still have Bono labeled wrong on the map.
Isn't he in Ireland? ;-P
Actually, Bono is CORRECTLY labeled on the map! It turns out there are TWO "Bono, Arkansas" towns. The one we visited is an unincorporated municipality near Damascus. I promise--it's correct!
no different than so many other business'. ppl just extra mad they dont have any Bitcoin LOL!
I'm pretty sure they're mad because of the ludicrous amount of noise. The people living next to that cacophony probably don't even know what shitcoin is.
If you’re seeing this I’ll buy your house
Gladice should use that Go Fund Me money to buy some BTC! 🤑
Bitcoin mining also uses an enormous amount of water to keep the operation cool. Imagine the impact in places where water resources are stretched to the limit. Not a good thing. This is a highly wasteful use of limited resources.
Bet china owns that
There are so many parts missing to the story. Neither a business wants to be daily involved with citizen/neighbor. and the citizen does not want to be involved with the business..
The fan noise makes no sense with respect to miners. That noise in video was totally something not mining related.
Data centers are that loud.
They got what they voted for.
Ill buy your house.. is it for sale?😊
Yeah ... lets shut it down for one family 🤣 Credit card companies use 3 times as much energy ! Lets do them first !
You know it’s not about the energy use right?
I’ll say it over and over never live in a red state. Almost guaranteed the people that are suffering are also the same people that vote for the people that set these policies.
Of course it was and we need China and they need us the people we need. We're all connected. Like it or not.
NOPE
NO WATER FOR CCP MINING
sabotage
So people believe that there is global warming but their perfectly fine with building and using unimaginable levels of electricity to run these Bitcoin mines. I guess greed is king.
Credit card companies use more power lol. Do some research yourself and not just listen to what NPR tells you to think.