EDIT: Album available here

Note: I'm writing this post as I go through my day, taking note of anything interesting. I try to do this with my diary, however for once I'll actually share my thoughts with strangers.

This was inspired by u/arqalite's post on the topic.

I'm not a journalist. I didn't even take a class on journalism in college. I'm also not a writer, but at least my text is human generated. I have an audiobook I need to catch up on and a day to spare, so I'm going to bitcoin town.

I'm not a crypto guy, but I'm not going because I think Bitcoin is bad (even though it is). I'm going because I'm curious: how loud is this bitcoin mine really? When I read the initial post I wondered about the nocebo effect, Havana Syndrome, sociogenic illness, etc. Most of the reports are anecdotes of locals, and the null hypothesis doesn't make for a sharable news article.

I'm using this app "Sound Meter" to see how loud it is in my small suburban house. It peaks at 40dB. If you, like me, don't think in decibels, Google says that's as loud as a refrigerator hum. I'm skeptical about the accuracy of a phone app, but it's what I have.

Outside my house there are some birds loudly chirping. I would have missed their song if I wasn't writing this. I decide that I should take a measurement. The app reads 55dB. Google says it's the loudness of a residential street. Spot on.

I'm entering Granbury, TX and a massive American flag hanging from a crane greets me along with a pro-Trump billboard. There's a large lake running through the town. Seems like every house has a dock. Lot's of folks on boats and jet skis are visible.

Downtown is an old court building with a clock tower. The streets are lined with mom-and-pop shops for furniture, clothing, and trinkets. To my surprise, there are a lot of shoppers here with arms full of bags. They seem cheerful. They are all white.

The GPS takes me outside the city limits. I stop at a gas station a half-mile from the mine. I ask a couple of people about the mine while I grab a water. They've never heard of a bitcoin mine, and didn't know there was one around here.

As I approach the destination, the bitcoin mine looms over the horizon. The sheer size of the facility cannot be overstated. This facility looks like it should be pursuing some massive scientific endeavor. I wouldn't guess in a million years that all of this infrastructure exists to mine bitcoin. My car reads 98°F (what I expected based on forecast.) I imagine cooling systems will be as loud as one can expect on a day like today. And yes, it is loud.

Across the way, I see signs saying "Bitcoin sux" and "Bitcoin Noisehood". I take a lot of photos. I pull out "Sound Meter" and take measurements. It consistently reads 81-83dB, peaking at 88dB. Google says 85dB is the limit of safe hearing, and is comparable to the sound of a snowblower. This seems perfectly accurate to me. I'd be pissed if I lived across from this place.

I'll be in Granbury for the next hour or so, if anyone has a specific question about the mine I'll see if I can answer it. I took a lot of photos if there is interest.

Here is my understanding of Bitcoins, would love to hear from people more knowledgeable than me on what I am getting wrong

• Only a certain number of bitcoins can be mined
• if the price of bitcoin goes up, it makes mining seem more profitable which encourages more mining
• If there is more mining, the difficultly of mining eventually increases, & so miners consume more electricity until mining becomes less profitable again
• Bitcoin is already consuming so much energy that countries are starting to actively discourage mining

This implies that any substantial increase in bitcoin price will result in substantial regulation of the bitcoin industry as it impacts the supply and price of electricity to other industries

• Bitcoin is highly volatile, and over time has increased in price substantially
• A significant portion of bitcoin investors are speculating on an asset rise
• If the asset stops rising, some speculators may start to sell
• Increased selling activity will lower the price
• A lower price will force more speculators to sell

This implies that if bitcoin does not keep rising, it will start to fall

• Other crypto currencies are highly correlated with Bitcoin price movement.

Therefore if bitcoin falls, other crypto currencies fall.

• Bitcoin is the current default for accepting cryptocurrency as payment
• Bitcoin has a limited number of transactions it can process (3-7 a second)
• If too many people want to process transactions, the fee will rise

Therefore one or more other cryptocurrencies that uses proof of stake, must become the default for accepting cryptocurrency as payment.