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And THIS is why crypto markets are dropping, because China is flooding the network with miners to meet energy quotas
by o-__-o 7y ago
And 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