This is a most excellent place for technology news and articles.
The company said that it’s planning to expand its operations in the footprint in the area
Residents say it sounds like a vacuum cleaner in their living room, and the company has offered to buy up homes from unhappy residents.
Very convenient for them that they converted their data centre into a property value destroyer before making this offer. I'm sure that's coincidental.
Offer to buy at 500x the highest value it ever had, when adjusted for inflation, plus 10% of the company's revenue going forward, and maybe I'd consider it.
More reasonable: roll back to before the datacenter was permitted for construction, find substantially equivalent houses in the general area - 20% more square footage, 20% higher value per square foot, and track their values over time until the present, and whatever the peak was, offer 20% more than that plus moving expenses... effectively 175% of "fair" value + maybe $20K.
Why be "reasonable" with unreasonable people?
Being "reasonable" with unreasonable people is unreasonable. Be reasonable.
So far what they've done sounds like they're trying to be somewhat reasonable. They bought a bunch of acreage as a sound buffer zone and they offered to buy people's houses at a price we don't have information on. We don't really know how unreasonable they're going to be.
Most reasonable: burn down the data center and build low cost housing on the ashes.
Plus .5% of all future profits.
Always get a part of the gross, there's no net!
So... An extra $0?
Yeah, 0.5% was what I was offered as Director of 50% of new startups... 0.005% is more realistic - and could range from 0 to outrageous.
Yeah an outrageous amount, plus ethical costs to undo all the fuckery, the lost peace, the labor and lost investments, and all of that doubled, is the correct fee.
If the house would have sold for 1m, ask for 50m, then the environmental damage costs in equipment and labor and plants and animals, so now we're up to 1b, doubled to 2b, and a fat 50% fuckyou fee on top and round up to 3b usd.
People need to aim higher. If the company won't pay and will ruin your life instead, then guess their intent is actual war, and they shall have it.
Don't let the bullies win. Fight back.
Neat. I looked it up.
Less than a mile from a wildlife refuge.
Good thing wildlife are known for their terrible hearing
There's the thing: what's a woodpecker's property rights on his dead tree? I mean, you can offer him any amount of money and he isn't likely to just give up the nest he carved in it and move on to try to find another. Ask a colony of bats what they want to move to a new roost?
Same for people's homes, there's a price they could get for them if they tried to sell on the open market because they want to leave, but there's a very different and often much higher price that would be required to compensate them for the downsides of moving.
When a corporation wants to entice a new hire to move to a new city, they will buy the home at high-end market value, pay the real-estate commissions on both sale of the old home and purchase of the new home, pay for professional movers, and bulk up all of these benefits to cover increased income taxes where applicable. And that's for a new hire who wants to move.
Hyperscale Data CEO William Horne told the residents directly in a special council meeting that the site is pivoting away from cryptocurrency operations towards AI computing and advanced robotics, and that it’s spending $100 million to achieve this.
Why would anyone outside the business give a shit about this? Why would the CEO think anyone outside the business gave a shit about this?
Why aren't the datacenter owners ever willing to spend, say, $10 million on making the data center actually quiet instead?
Why aren't the datacenter owners ever willing to spend, say, $10 million on making the data center actually quiet instead?
I think you know the answer to this - $10 mil on soundproofing doesn't make the Bottom Line go up. The only people they're trying to please are the folks that profit off the company.
I think you know the answer to this - $10 mil on soundproofing doesn't make the Bottom Line go up
Neither does buying out 10 million worth of houses.
I didn’t see anywhere in the article where they say they were going to buy the houses for that amount. Do you have other information?
'Cause otherwise - those homes have been severely devalued because of that data center. Unless the CEO was feeling generous (ha), those homeowners would be forced to sell for a bottom-of-the-barrel price. And that is much cheaper than litigation.
didn’t see anywhere in the article where they say they were going to buy the houses for that amount
No, but it also didn't say how many houses might be affected.
His real audience are the investors and people who stand to make a profit off of this data center. CEOs rarely if ever addressing anybody but the shareholders. It sounds dumb in that context, because it is, but when you realize who the real audience is, it makes sense. It’s shitty.
cost a hell of alot more than 10 million
Don't sell!!! Sue the fuck out of them until they leave.
I've heard there are other ways to be sure.
In a totally unrelated note, Have you ever noticed how pretty fire can be?
That's very decent if them, but the thing is, there's now strong demand for those houses, as there's a corporate buyer looking to purchase them, so the price has gone up a bit. Say by an extra digit or so added to the value.
Yup, if say, the going rate for the houses were 400k, we'll they should now be 4 mil each
also if you have a lower interest rate than is available today (likely) then your payments are going to go up even if you buy a house at the exact same price. not to mention the cost and hassle of moving.
Nah, they’ll have the government eminent domain the houses for pennies on the dollar
Can’t eminent domain for a data center that’s already built.
With the current government they'll be able to eminent domain when they feel like it.
and the company has offered to buy up homes from unhappy residents
“I’m gonna pay you $20 to fuck off.”
I’m sure at a fair price.
It would be kind of hilarious in the darkest timeline kind of way if Hyperscale Data tried to haggle them down because houses near a data center are worth less.
not hilarious, this is exactly what they do.
You can buy my house - for a billion dollars.
What are they offering to buy the homes with, highly volatile shares of the AI companies stock, or millions of tokens they can use the AI with?
"we'll buy the homes with tokens" is the most asinine shit but it probably has come up in a board meeting...
sure! $600,000,000 please.
it's prime land, if they invest now, they can build another datacenter on it.
When was the last time you dusted out your computer case?
I wonder what's the number of people affected by this in the local area, and how much greater that number is in comparison to the security force of the data center. Maybe if a town went scorched earth on one of these, we'd start seeing some material changes in how they do business...
