4 ms·
North Korea has substantial hydroelectric power, which could support a highly profitable crypto mining operation. I wonder how much hydropower they need before
by choppaface 7y ago
North Korea has substantial hydroelectric power, which could support a highly profitable crypto mining operation. I wonder how much hydropower they need before the opportunity cost of hacking exceeds that of mining crypto. I don’t think anybody wants them to spend money on weapons, but in the eventuality that they never go to war, it would probably be desirable to prevent theft.
- FDSGSG 7y agoI don't see how the opportunity cost of hacking could ever exceed that of mining crypto.
- choppaface 7y agoCrypto mining would provide a more stable cashflow and has a more limited downside versus theft. I see your point, given how successful the thieves have been. But I just wonder about the value of hydro power.
- FDSGSG 7y agoHydro power is nice and all, but monetizing that requires strictly different resources than monetizing hackers. Perhaps hydro power can be valuable, but that will not make hacking any less valuable.