3 ms·
Hopefully there's an expiration date on the supply contract. It would be too bad if the mining cramped the town's ability to use electricity as it (hopefully)
by thinkcontext 2y ago
Hopefully there's an expiration date on the supply contract. It would be too bad if the mining cramped the town's ability to use electricity as it (hopefully) increases usage.
- i_am_jl 2y agoThe article makes it sound like there isn't a contracted price, but that low cost of power is a temporary situation that will only last until the hydro plant can connect to the national grid.
- cavisne 2y agoLater in the article it says they already plan to leave, as the hydro plant will be connected to the broader grid and make more money selling into the grid. Doesn't seem like the best donation of $3M to build the plant in the first place, barely connecting anyone and most of the energy going to a for-profit bitcoin miner. $3M is a lot of solar panels + diesel generators.