4 ms·

Subsidize? I think it's the opposite. Mining parasitizes on the cheapness of electric power.

• px43 6y ago
  That's just how markets work right? The important thing is that these power networks are getting utilized, and that money can be reinvested in building out more green energy projects. This is a net win for everyone involved.
  • deleted 6y ago
    [deleted]
  • notahacker 6y ago
    How markets work is if you use more of a thing, productive resources that were destined to be shut down or only used as spare capacity like coal plants stay open. China wasn't reluctant to invest in or not expecting to get a ROI from new power stations before 'miners' moved in.