4 ms·
The 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 appro
by coralreef 6y ago
The 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.