3 ms·
I want to add two things: - The visualization used by the author shows US energy consumption while ~65% of mining takes place in China[0] where burning coal re
by okl 6y ago
I want to add two things:
- The visualization used by the author shows US energy consumption while ~65% of mining takes place in China[0] where burning coal remains the dominant energy source.[1]
- Miners run 24/7/365, they add to the baseload!
--
[0] - https://www.statista.com/statistics/1200477/bitcoin-mining-by-country/ https://www.statista.com/statistics/1200477/bitcoin-mining-b...
[1] - https://www.eia.gov/international/analysis/country/CHN https://www.eia.gov/international/analysis/country/CHN
- agumonkey 6y agoCan't china dump solar panel on its own market so miners run off grid and clean ?
- astkaasa 6y agoI guess you have made a wrong conclusion: coal dominance in total does not conclude to coal dominance for mining. Because mining factories are very sensitive about the energy price, they are mostly built near locations where energy is cheap enough and will be wasted if not consumed locally by the mining or transmitted to other places in time.
- formerly_proven 6y agoPeople keep saying this yet https://www.aljazeera.com/economy/2021/1/22/iran-crypto-miners-cry-foul-over-electricity-backlash https://www.aljazeera.com/economy/2021/1/22/iran-crypto-mine... 98 % of the electricity in Iran is generated from burning either gas or oil. https://www.eia.gov/international/analysis/country/IRN https://www.eia.gov/international/analysis/country/IRN