3 ms·
If they are gapped out on transmission capacity, then they can produce it but can't send it to India, in which case doing something locally with it woukd be use
by shrubble 4y ago
If they are gapped out on transmission capacity, then they can produce it but can't send it to India, in which case doing something locally with it woukd be useful.
- throwaway2037 4y agoTwo options: They can build the transmission lines themselves, or lend money to India to build them.
- whitesilhouette 4y agoLend money to India.... that they earned from Bitcoins‽ That's kind of a circular logic, isn't it?
- deleted 4y ago[deleted]
- lordlimecat 4y agoThe article (and Bhutan) are strangely cagey about whether this process has actually generated a return. Spoiler: it hasn't.
- RestlessMind 4y agohttps://thebhutanese.bt/dhi-confirms-that-it-is-mining-digital-assets/ https://thebhutanese.bt/dhi-confirms-that-it-is-mining-digit... Per a Bhutanese source, it has been mining BTC since it was 5000$. Also, the electricity is free so it hasn't lost any serious money given the low expenditure. Last time BTC was 5000 was in Mar 2020 so given that they are still doing it, I don't see why this is unprofitable for them. If it was, they would have stopped by now.