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Got anything at all to back up that rather wild claim that chinese miners don't pay for power?

by nugi 9y ago

coding123 9y ago
You gotta test them solar panels at the solar panel factory right?
shagie 9y ago
Over on reddit, a lot of speculation in https://www.reddit.com/r/Bitcoin/comments/43opxy/does_anyone_know_what_the_chinese_miners_are/ https://www.reddit.com/r/Bitcoin/comments/43opxy/does_anyone... suggesting partnerships / kickbacks. That said, the entire thread is speculation without a single sourced link. For some actual numbers, http://www.theenergycollective.com/lindsay-wilson/279126/average-electricity-prices-around-world-kwh http://www.theenergycollective.com/lindsay-wilson/279126/ave... shows the cost of electricity around the world... though thats over the entire country (Pacific northwest is cheaper than other places). I would expect that the Three Gorges dam (22 MW capacity - for comparison the Grand Coulee Dam is 6.8 MW and is the largest hydroelectric power in the US (Hoover is 2 MW)- the run of the river dams on the Columbia are in the 2 MW to 1 MW range). Historically, Pacific Northwest power has been as low as $0.0308 and $0.0245 / kWh. Its a bit more now, but still lower than the national average. From http://www.isi.fraunhofer.de/isi-wAssets/docs/x/de/publs-mitarbeiterseiten/Electricity-Costs-of-Energy-Intensive-Industries.pdf http://www.isi.fraunhofer.de/isi-wAssets/docs/x/de/publs-mit... it appears that if you use enough, you're at wholesale rather than retail or commercial rates. If its not free (the implications of corruption in Chinese government are made here), the retail power cost is going to be low, commercial is lower, wholesale is going to be lower still. Its probably a bit cheaper than the historic Pacific Northwest rates.
- srtjstjsj 9y ago
  "partnerships / kickbacks" means that the "miners" are a larger team than just the people at the mining factory --- the team includes the power company and their funders, who are paying.

Got anything at all to back up that rather wild claim that chinese miners don't pay for power?

by nugi 9y ago

Got anything at all to back up that rather wild claim that chinese miners don't pay for power?

coding123 9y ago

You gotta test them solar panels at the solar panel factory right?

shagie 9y ago

Over on reddit, a lot of speculation in https://www.reddit.com/r/Bitcoin/comments/43opxy/does_anyone_know_what_the_chinese_miners_are/ https://www.reddit.com/r/Bitcoin/comments/43opxy/does_anyone... suggesting partnerships / kickbacks. That said, the entire thread is speculation without a single sourced link. For some actual numbers, http://www.theenergycollective.com/lindsay-wilson/279126/average-electricity-prices-around-world-kwh http://www.theenergycollective.com/lindsay-wilson/279126/ave... shows the cost of electricity around the world... though thats over the entire country (Pacific northwest is cheaper than other places). I would expect that the Three Gorges dam (22 MW capacity - for comparison the Grand Coulee Dam is 6.8 MW and is the largest hydroelectric power in the US (Hoover is 2 MW)- the run of the river dams on the Columbia are in the 2 MW to 1 MW range). Historically, Pacific Northwest power has been as low as $0.0308 and $0.0245 / kWh. Its a bit more now, but still lower than the national average. From http://www.isi.fraunhofer.de/isi-wAssets/docs/x/de/publs-mitarbeiterseiten/Electricity-Costs-of-Energy-Intensive-Industries.pdf http://www.isi.fraunhofer.de/isi-wAssets/docs/x/de/publs-mit... it appears that if you use enough, you're at wholesale rather than retail or commercial rates. If its not free (the implications of corruption in Chinese government are made here), the retail power cost is going to be low, commercial is lower, wholesale is going to be lower still. Its probably a bit cheaper than the historic Pacific Northwest rates.

srtjstjsj 9y ago
"partnerships / kickbacks" means that the "miners" are a larger team than just the people at the mining factory --- the team includes the power company and their funders, who are paying.