3 ms·
They used the wrong metric, but an easy one to measure. The right metrics (are the factories producing things correctly? Are those making it to consumers? Are t
by zbentley 7y ago
They used the wrong metric, but an easy one to measure. The right metrics (are the factories producing things correctly? Are those making it to consumers? Are the consumers paying for them?) are too difficult to measure discretely. And so we end up here.
Reminds me of "the 'return 200' health-check endpoint is working; how can the site be down?"
- o-__-o 7y agoAnd THIS is why crypto markets are dropping, because China is flooding the network with miners to meet energy quotas
- emiliobumachar 7y agoIMO mining costs are dominated by chips, nobody has idle data centers on standby for such an occasion.
- yellowapple 7y agoJust because a cost ain't a large share of the pie doesn't mean it ain't worth shaving anyway.
- o-__-o 7y agoYou need to look up China mining operations. They pop up “data centers” anywhere there is free or cheap electricity. Sounds like a perfect operation for factories that must use electricity