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[–] 118 points 4 months ago (13 children)

How the fuck should a loan program help paying for monthly recurring costs?!

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  • [–] 18 points 4 months ago

    Short term it pads the companies books a bit more by adding an asset on top of the revenue. Medium term it's a perpetual impairment generator. The executives are just planning to cash out before the inevitable happens.

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  • [–] 2 points 4 months ago

    Because in the summer people run the AC more than they can afford and rack up like $300 bills when their off-summer average would normally be like $70. The loan programs are more like a deferred payment plan where they will cap the individual monthly payment at $150 or something, and then just push the surplus onto other future bills. Then usually when you close the account you owe them a bunch of money still, and that's when they start doing things like offering to set you up with loan services.

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  • [–] 1 point 4 months ago (5 children)

    I guess they cover you for a while until you figure it out. It's better than nothing ig.

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  • [–] 19 points 4 months ago (2 children)

    It's really not. What it does is trap these people in endless debt. Now we don't know any details about these loans, but there's no way in hell the customers aren't going to be paying fees and interest. A loan of $40 will be a loan of $100 the next month and so on. This is a way to make extra off of the people who have nothing.

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  • [–] 5 points 4 months ago (1 child)

    In the corporate world, if you are taking on debt to fund operations, that's an indicator that your business is circling the drain. The same applies to personal finance.

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  • [–] 57 points 4 months ago

    Privatized profits, socialized cost. That’s the “free market”.

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  • [–] 37 points 4 months ago (9 children)

    Data centers that can't run, don't eat up electricity

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  • [–] -2 points 4 months ago (6 children)

    More luigi will save us power fantasies for our nightly coping routine?

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  • [–] 3 points 4 months ago (4 children)

    It would take millions of luigis

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  • [–] 2 points 4 months ago (1 child)

    Or a few kids with a map of datacenters and a willingness to vandalize some power poles and turn off some water valves.

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  • [–] 31 points 4 months ago (15 children)

    They're putting data centers in near me (they have been heavily protested, but of course that doesn't do shit, the local government holds lots of meetings that are crowded with people saying they don't want them, and then they shrug and approve them anyway. The last meeting I heard about they just flat out cancelled because too many people were planning on coming and speaking against it). I got a letter from my power company that they're raising electric rates, and would I like to contribute to a fund to help pay other people's bill?

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  • [–] 18 points 4 months ago (8 children)

    Replace them. Either recruit a candidate or run yourself. Ignoring your voters should have consequences.

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  • [–] 14 points 4 months ago* (last edited 4 months ago) (6 children)

    Oh I know exactly how I'm voting next election, but the problem is that I live in a conservative area and these dumb fuckers wouldn't vote for their own self interest if you held a gun to their heads, because if they vote for things that benefit them then a brown person or someone on disability might also benefit.

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  • [–] 6 points 4 months ago* (3 children)

    This conundrum is why America has been continuously turning into a shit hole for the lower classes. It goes all the way back to right after the civil rights movement. By the early 70s, most public pools were filled with concrete (supplemented via private country club pools of course) and white private schools were opened up all over the South to exclude blacks. These examples are just a small part of what has been going on over the last 50+ years.

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  • [–] 2 points 4 months ago (2 children)

    the bigger issue is that education is mostly underfunded, or defunded. defunded is where gop do it to rural areas. even in places that are blue can be underfunded. as i see them still using the same version of books like 10+years ago without much updates, plus if you looking at how they are shuffling students around to make sure the funding for the budget, if the student is struggling.

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  • [–] 1 point 4 months ago (1 child)

    Guess what? It was defunded because the money got poured into private schools and it doesn’t help public schools in America rely on local property taxes, so low income schools get less money due to the property taxes netting less money.

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  • [–] 1 point 4 months ago

    we got a nearby public/private school that is a christian prep school, they get all the new funding and are under construction for new buildings. the public schools dont ahve those resources. i dont think this is those that take private vouchers since we are in a blue area, but the difference is staggering, if they get more funding they have better chances of prepping thier students for college. while the hs i went to only had a small handfull of students that were truly "successful", they had classes where they shunt underperforming students as a "babysat" class, usually its a class about random subjects.

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  • [–] 8 points 4 months ago (5 children)

    Not to sidestep it, but at what point is doing personal solar a better deal, if you own that is

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  • [–] 3 points 4 months ago (4 children)

    Unfortunately I rent an apartment. I'd love to do a solar array on my balcony, but it's small and faces north so I don't think it would be cost effective.

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  • [–] 1 point 4 months ago (3 children)

    Is electricity where you are much cheaper at night?

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  • [–] 2 points 4 months ago (2 children)

    It's the same rate regardless of the time of day.

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  • [–] 23 points 4 months ago (5 children)

    This gets extra sick when you remember many places in the west will declare a house legally condemned if you dont have power... Even if you have solar panels...

    You can have totally functional power in the home and be self sufficient but you /still/ have to be connected to the grid and paying for that.

    And often these jacked up prices impact you, even if you arent using the power at all.

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  • [–] 1 point 4 months ago* (2 children)

    What if a homeowner was connected but only drew a few kilowatt∙hrs a month, and meet the rest of their electrical needs with solar?

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  • [–] 21 points 4 months ago

    Debt trickles down, money trickles up

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  • [–] 21 points 4 months ago

    See? Trickle down economics does work! With debt.

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  • [–] 74 points 4 months ago (23 children)

    I absolutely cannot figure this out. Isn't a kwh the same price for everyone? Why would a data center pay less? (I'm not asking anyone to justify the poor decisions of energy companies)

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  • [–] 106 points 4 months ago (5 children)

    Same as with RAM prices. There is a limited supply and the datacenters are hogging it, possibly willing to pay extra because the entire bubble depends on MORE MORE MORE, or willing to bulk purchase the entire contingent in advance.

    Now if you are a power supplier you find yourself in the comfortable position of being financially courted by the datacenter corps, and you have a captured audience of consumers who rely on you supplying them, who you can now justifiably bleed out, and if they cant pay you just sell it to the datacenter after all.

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  • [–] 55 points 4 months ago* (4 children)

    That is actually very sick behavior.

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  • [–] 17 points 4 months ago* (1 child)

    Capitalism is essentially based on the concept that everyone doing whatever they believe is in their best interest will magically balance itself out and achieve the most-efficient outcome, instead of the most self-serving and greedy criminals and psychopaths colluding to exploit and deceive the masses, accrue the lions share, and enslave everyone else.

    It's basically a religiously-dogmatic mental illness that has no place beyond the 19th Century, but the criminals and psychopaths used their wealth to exploit and deceive the masses... so here we are. May the greediest psychopath win!

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  • [–] 16 points 4 months ago (2 children)

    Fortunately, Oregon seems to have figured out how to handle this. This was in my feed, literally right under this post.

    https://sh.itjust.works/post/63159063

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  • [–] 26 points 4 months ago

    Definitely a smart move letting those power utilities be privatised, even a regulation forcing cost price power for residents would have been better than full privatisation. I'm so glad my state never got sucked into letting that happen here.

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  • [–] 8 points 4 months ago

    If it’s anything like it is here in Victoria (Australia); the price per MWh is recalculated based on supply/demand on a 5 minute basis:

    https://www.aemo.com.au/aemo/data/nem/priceanddemand/PRICE_AND_DEMAND_202607_VIC1.csv

    That’s because when supply outruns demand, surplus electricity is basically worthless and wholesalers need to pay someone to take it - we have long stretches of time, even during winter, where our domestic solar production saturates the demand, resulting in our Feed-in tariffs (what homes get paid for surplus production) has dropped to 1c/kWh, except for certain edge cases).

    The bulk of the cost incurred is due to peak-energy generation (gas turbine, I believe?) ramping up to cover peak evening times.

    These costs are aggregated and amortised over total demand, to balance out people’s energy bills.

    This has been a bit of a tangent, but I found this interesting when I first learned it, and just wanted to share!

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  • [–] 6 points 4 months ago

    It may well be the same price for the data center too, but now that there's significantly more load on the network and there've been no changes to network capacity the price is being adjusted to reconcile the new demand with existing supply.

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  • [–] 5 points 4 months ago

    Everyone on the power exchange. Consumers don't pay the exchange price. They pay a premium to the company that transforms exchange power to household power on a virtual sheet of paper.

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  • [–] 2 points 4 months ago

    It's more that everyone pays more including the data center even. It could also be related to non-generation costs such as building additional distribution infra which can be regulated as a shared cost even though the data center pays for all extra generation.

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  • [–] 6 points 4 months ago (2 children)

    Folks who are saying the price is going up because of demand are technically right but it's kinda misleading. People get mad when they don't understand their bills so I wanna add to that:

    With more demand in the system, more distribution equipment is used and will need more maintenance. Your electric bill has fixed fees and usage fees. The fixed fees include the cost of capital upgrades, which cover these costs. It's not a direct 1:1 cost for each connection, as the upstream feed capacity needs to increase too.

    Cost per KW may go up too, it depends on the way your utility is set up. Time of day pricing is meant to encourage offsetting costs and sometimes large customers pay proportional to the contribution to peak demand.

    It doesn't help that this increase in demand comes when so much of the grid is old as fuck in north america. But we live in interesting times.

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  • [–] 4 points 4 months ago

    Clout. Aura. Bargaining force. Call it whatever you want, really. Corporations are big, they have capital, capital is power. They can hire people to influence politics, pushing for people who are on their side to get elected by funding campaigns, and naturally bribe people on the down low.

    Stick, along with the other people served by their provider, most likely don't have the ability to pay people to lobby for them full time. Most people barely have the money to keep their personal economy going, and spend a significant portion of their time just making that happen. As a result, the corporations who are benefiting from this sit on all the power, because they can influence public opinion as well, painting their politics as beneficial to private individuals, even if that's a complete lie.

    That is why democracy and capitalism are fundamentally incompatible. Workers could band together and claim power, but they're kept in situations where doing that just isn't feasible.

    Things won't get better without some kind of revolution. The balance of power is tipped so far in favour of the corporations that no matter how much time or money workers spend (neither of which we have) trying to better things, they'll never get even close to what the corpos can swing with.

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  • [–] 33 points 4 months ago (7 children)

    You're paying thrice:
    1: With your spare time in which you give advice on forums and maintain Wikipedia pages. This information is getting slurped up by AI crawlers.
    2: Implicitly with your money, to get some new AI doodad on your laptop or your phone, trained on 1.
    3: See meme.

    And that's why billionaires exists.

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  • [–] 4 points 4 months ago

    Hell with billionaires and tax cuts to increase something the average person won't enjoy, I bet it's even more than thrice.

    Property tax increase cause property is used but not taxed due to being a 'big project', if another company built there (besides say wal mart it'd be taxed)

    Power bill increase, which we see happens to OPs post.

    Using land that could benefit the area, it's probably a large complex that could help the locals and not make their power bill larger.

    Having a complex that heats up local area for things not beneficial to locals. Global warming but thankfully some ai model will grow?

    Using water that makes drinking water worse for locals. Read stories of people near data centers, losing all water pressure so the data center can have water. Cause that's more important than people.

    Only helping the person who built it vs the locals. I really have no idea who data centers help. I assume some are for the crappy bit we see when we Google but so many must be private. Also who hasn't learned to go through search results? Seriously that's a skill needed, if you don't have it you need to learn. I may have accepted the new paradigm but I would prefer a bit of work going back to searching.

    There no good reason for this crap. They get built but don't benefit anyone but the rich. They just want serfs anyways, is that the real future?

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  • [–] -4 points 4 months ago (4 children)

    FWIW,

    wp:Data center,

    wp:Opposition to AI data centers,

    wp:Swiss Fort Knox,

    wp:Zettabyte Era,

    wp:Military applications of artificial intelligence,

    wp:Artificial intelligence,

    wp:Category:Artificial intelligence,

    36 subcats and 247 articles,

    wp:AI nationalism,

    wp:Discrimination against robots,

    wp:AI takeover,

    wp:Category:Artificial intelligence controversies,

    3 subcats and 27 articles

    wp:Category:Existential risk from artificial intelligence,

    64 articles

    wp:Stop AI,

    wp:How to Survive a Robot Uprising,

    How to Survive a Robot Uprising: Tips on Defending Yourself Against the Coming Rebellion is a semi-satirical book by Daniel Wilson published in November 2005.

    ​

    wp:Utah Data Center

    Critics believe that the data center has the capability to process "all forms of communication, including the complete contents of private emails, cell phone calls, and Internet searches, as well as all types of personal data trails—parking receipts, travel itineraries, bookstore purchases, and other digital 'pocket litter'."[6] In response to claims that the data center would be used to illegally monitor email of U.S. citizens, in April 2013 an NSA spokesperson said, "Many unfounded allegations have been made about the planned activities of the Utah Data Center, ... one of the biggest misconceptions about NSA is that we are unlawfully listening in on, or reading emails of, U.S. citizens. This is simply not the case."[4]

    ​

    wp:Ethics of artificial intelligence,

    wp:Resisting AI,

    Resisting AI: An Anti-fascist Approach to Artificial Intelligence is a book on artificial intelligence (AI) by Dan McQuillan, published in 2022 by Bristol University Press.

    ​

    wp:Category:Criticism of artificial intelligence

    1 subcat with 32 articles, and 12 articles

    ​

    wp:Democratic backsliding in the United States,

    wp:Wikipedia:Writing articles with large language models,

    wp:Wikipedia:AI noticeboard

    ​

    ​

    Search Google: How to destroy a data center

    results here

    including:

    Datacenter Violence

    https://www.reddit.com/r/aiwars/comments/1pm2h7w/datacenter_violence/

    ​

    What would be the easiest way to stop data from flowing out of a data center? I'm writing a novel where a terrorist needs to successfully halt all data flowing from a large data center. Would it be best to destroy fiber cables? A Virus?

    https://www.quora.com/What-would-be-the-easiest-way-to-stop-data-from-flowing-out-of-a-data-center-Im-writing-a-novel-where-a-terrorist-needs-to-successfully-halt-all-data-flowing-from-a-large-data-center-Would-it-be-best-to-destroy

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  • [–] 11 points 4 months ago* (last edited 4 months ago) (3 children)

    What is the point of this collection of links? What are you trying to communicate with this comment?

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  • [–] 16 points 4 months ago

    Isn't sharing the bill while a small group profits exactly how capitalism works?

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  • [–] 15 points 4 months ago (6 children)

    Don't you have something like an energy board to protect your citizens against price hikes by power companies.

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  • [–] 14 points 4 months ago (5 children)

    If we did, it would be populated by MAGAs who would take bribes to let the power company put ALL the costs on the residential consumers. Except for the wealthy neighborhood. They deserve a break, because they're better.

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  • [–] 6 points 4 months ago (4 children)

    Sounds like getting politically involved is a MAGA-exclusive thing in your country.

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  • [–] 3 points 4 months ago (3 children)

    People with wealth have more time on their hands and are also more likely to have a mentality that they deserve what they have more than others. Many of them are obsessed with hierarchy whether they realize it or not, allowing them to dismiss the troubles of the commoners with talk of personal responsibility.

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  • [–] 1 point 4 months ago*

    But there is a personal responsibility to check the job market, get your credit up to a good standing, make sure you read your loan agreement terms, make sure youre not gonna get done learning and go into a saturated field that will no longer exist in 4 to 8 years.

    When it comes to investing in yourself: People have to stop investing in bullshit and start investing in practicality.

    Why do you think so many people turn to medical professions, hard labor jobs or STEM. They're the only ones left that you can afford and it'll make you a decent ROI where you're not going to be trapped for 50 years in a loan.

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  • [–] 15 points 4 months ago (9 children)
  • [+] -15 points 4 months ago (8 children)

    Technically it's socialism - the population is subsidising the datacenters. It's only capitalism when it comes to getting paid

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  • [–] 11 points 4 months ago*

    They are raising prices because there is new demand in the market. That's not socialism at all, it's market forces.

    I'm betting the datacenters and power companies are funded by capital from investors that demand to receive the maximum capital return that can be extracted from that municipality. That's capitalism

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  • [–] 7 points 4 months ago*

    It is not socialism. It is literally capitalism. Socialism is a form of government. It is true that the costs of higher energy are being spread across society and therefore socialized, but that is not the same as socialism.

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  • [–] 6 points 4 months ago

    If you are looking for the truest -ism that this would be, it would be the original Mussolini definition of fascism as the merger of state and government, that is now closer to what we would call corporatism.

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  • [–] 1 point 4 months ago (3 children)

    I'm sure you meant this as a joke, a good one at that - remember the /s :D

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