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>Miners buy cheap energy; clean energy infrastructure gets profitable return. This true in China where most mining happens?
by deeeeplearning 6y ago
>Miners buy cheap energy; clean energy infrastructure gets profitable return.
This true in China where most mining happens?
- meowkit 6y agoYes. China gets more of its energy from renewables than the US does. It is their fastest growing energy sector, and is a stated concern for economic and military security purposes. https://en.m.wikipedia.org/wiki/Renewable_energy_in_China https://en.m.wikipedia.org/wiki/Renewable_energy_in_China
- coralreef 6y agoThe data I've seen is spotty at best; maybe 40% of mining in China occurs in Inner Mongolia and is based on coal? That said, lets take a first principles approach. - Miners want low cost energy. - Renewables are the lowest cost energy. - Miners are not restricted geographically (can mine anywhere cheap energy is, beam bits through satellite internet). - Cost curves of renewable energy look very promising. - Social trends and political trends look very promising. If you believe in efficient markets, then it should be obvious as to what the next 10 years of energy production (and Bitcoin mining) look like.
- creaturemachine 6y agoChina seems content in popping up dams wherever they please, no matter the human or ecological cost. https://www.aljazeera.com/news/2021/2/8/china-to-build-the-worlds-biggest-dam-on-sacred-tibetan-river https://www.aljazeera.com/news/2021/2/8/china-to-build-the-w...