CO2 Plant

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Do you support the CO2 project in Vigo County?

  • Yes

    Votes: 7 63.6%

  • No

    Votes: 3 27.3%

  • Neutral

    Votes: 1 9.1%
  • Total voters
    11
Sycamorefan96

Sycamorefan96

The Menser Level
Supporter
I don't really have much of an opinion on this topic (yet), because I admittedly know nothing about it. Been seeing 🚫 CO2 signs everywhere though and I guess they are wanting to inject CO2 into the ground. Like what's the point of that? Supposedly it could cause harm to the ground water??? At least that's what I've been hearing. What do y'all think about this CO2 thing?
 

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What kind of CO2 plant is it?

I'm big into Bitcoin and I've actually been studying the nuclear industry and direct capture CO2 plants can go hand-in-hand.

Man, if Terre Haute could get that combo, you're talking about something that could potentially turn Terre Haute on its head as they could effective give the local citizens free energy (all excess nuclear energy is often given away) while providing quite a few super high paying jobs. The benefits due to low/zero energy costs could be immense in attracting new industry. The combination of a direct capture carbon plant means you also use the nuke power to power that so you're using the cheapest, greenest energy on the planet to further help curb emissions.

Also, as a Bitcoiner, I eventually see nuclear power plants having Bitcoin mining operations onsite (or very close) as part of that excess energy usage. They have started doing this in Canada and in Georgia, I believe.
 
I think the whole idea of CO2 being pollution is nonsense. Is it possible to have too much of it in the atmosphere? Maybe it is. Trees, grass, etc. might take care of the problem. Or maybe we continue holding climate summits so the important people can fly on their private jets and make more rules for the little people to follow.
 
Jason Svoboda said:
What kind of CO2 plant is it?

I'm big into Bitcoin and I've actually been studying the nuclear industry and direct capture CO2 plants can go hand-in-hand.

Man, if Terre Haute could get that combo, you're talking about something that could potentially turn Terre Haute on its head as they could effective give the local citizens free energy (all excess nuclear energy is often given away) while providing quite a few super high paying jobs. The benefits due to low/zero energy costs could be immense in attracting new industry. The combination of a direct capture carbon plant means you also use the nuke power to power that so you're using the cheapest, greenest energy on the planet to further help curb emissions.

Also, as a Bitcoiner, I eventually see nuclear power plants having Bitcoin mining operations onsite (or very close) as part of that excess energy usage. They have started doing this in Canada and in Georgia, I believe.
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I work in the energy sector dealing with power plants. The new thing right now is as Coal fueled power plants are closing Bitcoin Mining operations are buying the plants up quickly. There were three in Pennsylvania in the last month. The reason they are buying them it is cheaper because all the infrastructure and power lines already exist to the site. I found this interesting repurpose of a mothballed technology.
 
Ok, dumb this down for an old guy. What in the hell is "bitcoin mining?" Bitcoin, unless I'm just totally misunderstanding it, is a non-existent thing, except in a computer. You don't mine bitcoin, right? I don't get this...:unsure:
 
EvilleSycamore said:
I work in the energy sector dealing with power plants. The new thing right now is as Coal fueled power plants are closing Bitcoin Mining operations are buying the plants up quickly. There were three in Pennsylvania in the last month. The reason they are buying them it is cheaper because all the infrastructure and power lines already exist to the site. I found this interesting repurpose of a mothballed technology.
Click to expand...

Yep, and in the process, most have been cleaning them up. Bitcoin mining actually requires their ops to race to the most efficient, cleanest, and/or cheapest energy possible to be profitable. Nuclear, however, is definitely the future due to the sheer abundance of energy created.
 

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IndyTreeFan said:
Ok, dumb this down for an old guy. What in the hell is "bitcoin mining?" Bitcoin, unless I'm just totally misunderstanding it, is a non-existent thing, except in a computer. You don't mine bitcoin, right? I don't get this...:unsure:
Click to expand...

It's basically a metaphor. Bitcoin mining requires ASICs (application-specific integrated circuit) to basically "dig" and try to find the next Bitcoin block. Whatever miner finds that block gets a monetary reward -- currently what is called a block reward (currently 6.25 BTC or $256,000) as well as transaction fees depending on how many transactions are included in said found block. Here in early Q2 2024, the block reward will halve from 6.25 to 3.125 and it will continued to halve every 4 years until 2140 when it would just be transaction fees as the reward for finding the next block.

Here is what a large scale Bitcoin mining operation looks like:

 
Jason Svoboda said:
It's basically a metaphor. Bitcoin mining requires ASICs (application-specific integrated circuit) to basically "dig" and try to find the next Bitcoin block. Whatever miner finds that block gets a monetary reward -- currently what is called a block reward (currently 6.25 BTC or $256,000) as well as transaction fees depending on how many transactions are included in said found block. Here in early Q2 2024, the block reward will halve from 6.25 to 3.125 and it will continued to halve every 4 years until 2140 when it would just be transaction fees as the reward for finding the next block.

Here is what a large scale Bitcoin mining operation looks like:

Click to expand...
Thanks. I think...:oops:
 
IndyTreeFan said:
Thanks. I think...:oops:
Click to expand...

Yeah, it can be pretty overwhelming for even the most technical people. It's really fucking fascinating what is being worked all across the globe.

The TL;DR is that Bitcoin is a decentralized, global money that, provided you embrace self custody, nobody can take from you and allows you to freely transact with whomever, whenever, wherever. The mining piece is the collective global effort to operate and defend said money from all enemies, foreign and domestic.

It's probably going to be all over your world here in the next couple years as all of the major investment firms are likely getting an ETF product in 2024 so there are a bunch of companies now rushing to develop insurance products around it.
 
Jason Svoboda said:
What kind of CO2 plant is it?

I'm big into Bitcoin and I've actually been studying the nuclear industry and direct capture CO2 plants can go hand-in-hand.

Man, if Terre Haute could get that combo, you're talking about something that could potentially turn Terre Haute on its head as they could effective give the local citizens free energy (all excess nuclear energy is often given away) while providing quite a few super high paying jobs. The benefits due to low/zero energy costs could be immense in attracting new industry. The combination of a direct capture carbon plant means you also use the nuke power to power that so you're using the cheapest, greenest energy on the planet to further help curb emissions.

Also, as a Bitcoiner, I eventually see nuclear power plants having Bitcoin mining operations onsite (or very close) as part of that excess energy usage. They have started doing this in Canada and in Georgia, I believe.
Click to expand...
I feel like Sullivan/Merom has a Bitcoin mining project near that old plant...or maybe I heard something like that.
 
Huff77 said:
I feel like Sullivan/Merom has a Bitcoin mining project near that old plant...or maybe I heard something like that.
Click to expand...

Individuals I assume? I've not heard of any big mining ops in Indiana due to energy costs.

I actually attended an event put on by CleanSpark a couple months ago and learning some of their processes were pretty cool. They're now doing immersion cooling (using a hydrocarbon-based dielectric liquid) at their Georgia facilities.
 

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Huff77 said:
www.insideindianabusiness.com

Startup to Establish Crypto Mining Facility in Sullivan County - Inside INdiana Business

A Kentucky-based cryptocurrency startup is looking to transform a portion of the Merom Generating Station in Sullivan County into a crypto mining facility. AboutBit LLC says it is investing $50 million in the project, which will create up to 15 high-tech jobs with the potential for more once the...
www.insideindianabusiness.com www.insideindianabusiness.com
Click to expand...

Ahh... Looks like they mine multiple things. I'm Bitcoin only so that is why I dismissed it. Most of the remaining PoW outside of Bitcoin are not decentralized. If you've got a foundation, had some sort of ICO/distribution, etc... there is zero need for it. We could just the existing FIAT rails as there is no difference.
 
Jason Svoboda said:
Yeah, it can be pretty overwhelming for even the most technical people. It's really fucking fascinating what is being worked all across the globe.

The TL;DR is that Bitcoin is a decentralized, global money that, provided you embrace self custody, nobody can take from you and allows you to freely transact with whomever, whenever, wherever. The mining piece is the collective global effort to operate and defend said money from all enemies, foreign and domestic.

It's probably going to be all over your world here in the next couple years as all of the major investment firms are likely getting an ETF product in 2024 so there are a bunch of companies now rushing to develop insurance products around it.
Click to expand...

It's BITCOIN the preferred "currency" on the dark web/dark market? Not sure why I'd want to support a stateless currency with zero backing unless we've TRULY reached MadMax Thunderdome - in which case BITCOIN will be worthless and we'll be fighting over water or oil or gas
 
4Q_iu said:
It's BITCOIN the preferred "currency" on the dark web/dark market? Not sure why I'd want to support a stateless currency with zero backing unless we've TRULY reached MadMax Thunderdome - in which case BITCOIN will be worthless and we'll be fighting over water or oil or gas
Click to expand...

No, it's not. Monero has become the biggest dark web currency as they've got more privacy and identity obfuscation techniques. Bitcoin is an open and transparent ledger. It's used less and less by criminals as most end up getting caught when they ultimately try to move it to their preferred hard currency of choice over traditional financial rails.

The currency is backed by those that participate. Whether you think that equates to zero backing is your opinion. Human Rights Foundation and others disagree... especially as people have been unbanked for something as simple as having a different opinion versus the current political party in power.

Moreover, I use it as a store of value. I'd prefer not to have to work until I'm 114 because the Government can't get their spending under control and has completely inflated our currency away. Bitcoin, IMO, is the only chance at that being a possibility. It's vastly outperformed my retirement accounts by multiples.
 

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Huff77 said:
Any authority saying it's bad is stockpiling it for themselves.
Click to expand...

If you haven't seen this:

https://twitter.com/x/status/1731112015748550842

The US Government is sitting on a massive amount they've taken in by confiscation. They've been dragging their heels on giving it back to those that have claims against it and considering it is classified as property by the IRS tax code, I've long wondered if they're doing this as they plan on using eminent domain laws. They've usually only done it to physical property, but they can apply it to virtual property, too.
 
I write the property insurance for some of the largest bitcoin mining facilities across the US. They go where energy costs are low, put em in shipping containers and move them around.
 
Huff77 said:
I feel like Sullivan/Merom has a Bitcoin mining project near that old plant...or maybe I heard something like that.
Click to expand...
I deal with the Merom Facility. No mining site there. What you probably heard was the facility was scheduled to be closed and was being mothballed, then it was purchased by a company named Haldor and is going stronger than ever. Haldor Also owns Sunrise Coal who’s corp office is on the south side of Haute beside the Hamilton Center( the home of a few from this page)!!!
 
Google Wabash Valley Resources. This is the company that owns the former Wabash Valley generating station and carbon sequestration (critics call it a CO2 dump) is a big part of their plan along with manufacturing fertilizer.
 
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