Given that after the advent of virtualization we had a glut of datacenter space, and then the crypto bros started buying them up to mine: do we actually need more datacenters? Or do we just need regulators to say things like: mining crypto to facilitate money laundering and ransomware isn’t welcome here?
>Given that after the advent of virtualization we had a glut of datacenter space
Virtualization isn't new, it's a technology from the 2000s. I think we are well beyond absorbing any spare capacity that the efficiencies of virtualization squeezed out at this point
Correct, it was absorbed by crypto bros. And now many of them are attempting to offload to AI. Ban crypto datacenters and there’s plenty of additional capacity available. There’s a reason China did almost a decade ago now.
The entire point of cryptocurrency is to be money that is independent of any government's ability to enforce its laws. I would personally vote against polticians who enacted those kinds of regulations; and if they passed anyway I would attempt to mine and use cryptocurrency in ways that circumvented the regulations banning me from doing so.
>> The entire point of cryptocurrency is to be money that is independent of any government's ability to enforce its laws.
Thats exactly correct. The killer app for crypto is criminal enterprise. Yes there are other niches, but nothing that would sustain the industry.
Passing a regulation regarding mining would be difficult to enforce. It's impossible to know what a GPU inside the data center is doing.
At this point the industry is legit, even promoted by individuals in govt (who overtly sell access (cough bribe) using it. So no, you don't need to worry, there's no risk of regulations like this anywhere soon.
