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I've favorited your comment. You spell things out very clearly and accurately. > I'm sure the location-agnostic aspect of Bitcoin mining does lend itself to de
by latchkey 3y ago
I've favorited your comment. You spell things out very clearly and accurately.
> I'm sure the location-agnostic aspect of Bitcoin mining does lend itself to deployment in places where power is plentiful, but where there is little local demand, and the cost of transporting that power far away is cost prohibitive, though I don't have specific example of that.
https://www.coinmint.one/ https://www.coinmint.one/ is a specific example of that. Power is delivered directly from the Moses-Saunders dam to a shuttered aluminum smelting plant. Sending the power anywhere else, is cost prohibitive due to the remote location and low local power needs. Connecting it to the grid would overwhelm what is there, so new construction would be needed.