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Right now there's a chicken and egg problem where cheap power is not near things that need it. Crypto mining will allow places with cheap power sources to buil
by wmil 5y ago
Right now there's a chicken and egg problem where cheap power is not near things that need it.
Crypto mining will allow places with cheap power sources to build up energy production. Once that's established it's easier to build up infrastructure for things like data centers.
- bootlooped 5y agoI think it's somewhat of a Tragedy of the Commons situation. Everybody would benefit from power being built in remote places, but nobody wants to be the one to pay to build it there. I'm not seeing why crypto mining is any different though; it's a for-profit endeavor like anything else.