Autor Cointelegraph By Nicole Buckler

North Dakota hopes to double the $3B of clean crypto mining in the state

North Dakota government officials rocked up to the Bitcoin 2022 conference in Miami to lure cryptocurrency miners into their greener pastures. They came with the promise of the “cleanest crypto on the planet.” The North Dakota Commerce Department dropped $35,000 on the trip, saying it expected a return of 20,000% or more from its presence at the conference. The department announced that the state has already secured $3 billion of crypto investment and is close to attracting another $3 billion worth of projects. North Dakota hopes to end its reliance on agriculture and oil by enticing crypto mining companies to set up in the Upper Midwest state. There are no tax breaks or funding as the state is relying on its natural assets. It’s known for cold, dry weather which can help chill out overheating mining rigs. Add into the mix cheap electricity, and promises of the cleanest energy in the world, and it’s attractive to some mining companies to relocate.North Dakota’s selling pointEvery year across the gas and oil fields of the U.S., huge volumes of excess natural gas that is uneconomical to pipe anywhere is burned off, wasting energy and churning out greenhouse gases. Increasingly miners are starting to set up rigs to make use of this by-product of the oil industry. It’s not just good for the environment, but financially too as they get block rewards and can sell the associated carbon credits. ND Commerce Commissioner James Leiman said on local radio’s Chris Berg Show that he wanted to position North Dakota as having the cleanest crypto on the planet. “We’ve already figured out a way to take carbon — which is considered a global liability for whatever reason — and we’ve been able to monetize it six ways.” Companies and governments are willing to pay a premium for these carbon credits.Related: Argentinian town to invest in crypto mining to fight inflation and upgrade infrastructure“We can take other people’s liability or trash, if you will, and make it our treasure. That’s why North Dakota is a highly specialized location for some of these crypto miners. Plus, there’s a low price of electrons compared to the rest of the country. There’s also access to abundant gas reserves. The sky’s the limit in my opinion for the crypto industry.”Smaller crypto mining operations have already established themselves in the Bakken oil fields, in north-central North Dakota. They are powered by leftover natural gas that would have otherwise been burned into the atmosphere. While using a byproduct to power miners is a good thing, there are other countries using renewables to power their mining industry.Norway’s Bitcoin mining credentials seem world-class with the small Scandinavian country hosting 0.77% of Bitcoin’s hash rate using 100% green, renewable energy.

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Facebook whistleblower warns Metaverse will repeat 'all the harms'

Facebook whistleblower Frances Haugen has taken aim at Meta in a new interview, suggesting that its version of the Metaverse will simply repeat all of its past mistakes.In an interview with Politico, Haugen said:”They’ve made very grandiose promises about how there’s safety-by-design in the Metaverse. But if they don’t commit to transparency and access and other accountability measures, I can imagine just seeing a repeat of all the harms you currently see on Facebook.”In 2021 Huagen leaked thousands of internal documents from Facebook to the Securities and Exchange Commission and The Wall Street Journal. Her experience working for the company has left her with concerns about privacy issues and about letting the corporation amass data about every aspect of user’s interactions in the Metaverse. “I’m super concerned about how many sensors are involved. When we do the Metaverse, we have to put lots more microphones from Facebook; lots more other kinds of sensors into our homes,” she said. “You don’t really have a choice now on whether or not you want Facebook spying on you at home. We just have to trust the company to do the right thing.”Haugen isn’t the only one concerned. According to a recent survey, 70% of people don’t trust Meta to handle privacy properly.Andy Yen, CEO of encrypted email service ProtonMail is also concerned with the unilateral powers of Big Tech giants like Meta. Last week, he said in an interview, that his own company, Proton, will only be able to survive based on the goodwill of tech giants. “Tech giants could today remove us from the Internet with zero legal or financial repercussions,” he said. Yen has also raised concerns about Big Tech controlling the Metaverse in the past, telling Newsweek last year that Meta was “building a new infrastructure where they control everything. They control the device, they have the VR headsets, you’re now in their world, on their devices, on their platform.”Yen said that given their track record, he doesn’t believe we should trust Meta with power like that and that promises around privacy in the Metaverse are useless unless its business model changes.”At the end of the day, their business model revolves on taking your data and monetizing it. So, there is fundamentally always going to be a conflict between what they say and what they actually have to do to make money.”Data collectionThe Electronic Frontier Foundation (EFF) is a nonprofit organization defending civil liberties in the digital world. Like Yen, it believes that VR headsets and AR glasses, and other wearables, will make data collection and surveillance easier than ever before. In December they stated:“This data harvesting, sometimes done by companies with a history of putting profit before protections, sets the stage for unprecedented invasions into our lives, our homes, and even our thoughts.” The EFF is concerned that data collected and used for targeted advertising will generate “biometric psychography” and that our deepest desires and inclinations will be up for sale. Once the information has been collated, the data could be monetized by third parties, even without our knowledge or agreement.The China syndromeWhile the Metaverse may seem like an issue for the distant future, in China, citizens are living it every day, in a different way.WeChat is the social media platform of choice in China. It has a mind-boggling user base of over one billion. Of those, 850 million are active users. The app is amassing data about users in China on a scale never seen before. And, the Chinese government can monitor every word, picture and video on it.WeChat came under heavy criticism from Reporters Without Borders (RSF) before the Winter Olympic Games earlier this year. RSF urged journalists to protect themselves against Chinese surveillance while reporting in-situ. They said, “RSF recommends journalists who travel to China to avoid downloading applications that could allow the Chinese authorities to monitor them.” These included WeChat and TikTok.Imagine having that power over the Metaverse.

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