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USA (Washington state) has the cheapest power in the world (at volume -- places like Iceland are cheaper/nearly free, but with too limited capacity for large sc
by maaku 11y ago
USA (Washington state) has the cheapest power in the world (at volume -- places like Iceland are cheaper/nearly free, but with too limited capacity for large scale mining).
- Scoundreller 11y agoTherein lies the problem: New users pay the average price, but new capacity has to be built at the marginal cost.
- Viper007Bond 11y agoWashington and Oregon sell a lot to the SW. Google just built a big data center here near a dam from a huge city for power reasons.
- lmm 11y agoReally limited capacity? They run aluminium smelters in Iceland, I can't imagine bitcoin mining requires more power than that.
- maaku 11y agoAt that price point, yes. Maybe the problem has been not enough power required... I don't know. I just know that most bitcoin companies in Iceland have moved or are moving to get cheaper power elsewhere.