4 ms·
It has not had any link to power consumption, due to crypto mining. Electricity generation doesn't impact gasoline prices, as much as you'd think. If you wish
by JAlexoid 5y ago
It has not had any link to power consumption, due to crypto mining.
Electricity generation doesn't impact gasoline prices, as much as you'd think. If you wish to see evidence - then go check out the prices of natural gas(widely used for power generation) and crude oil... and how they drastically vary in different markets.
And finally - Kazakhzstan is 70% coal power, while the world is only 3.5% on oil and 23% of gas. And there's a lot of spare coal power capacity...
https://ourworldindata.org/electricity-mix#:~:text=In%202019%2C%20almost%20two%2Dthirds,and%20nuclear%20energy%20for%2010.4%25 https://ourworldindata.org/electricity-mix#:~:text=In%202019....