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RE: Bitcoin Mining Shifting Back Towards West As Chinese Power Subsidies End
I work for a power company in Washington, I’m a High Voltage Lineman. Bitmain has contacted us and wants 30 megawatts. We are just waiting for them to sign the contract. Also another mining company wants to lease 3 arces and they want another 10 megawatts.
Bitmain wants a total of 200 megawatts but we are u sure how to get that to them.
We need more POWER!!
I'm glad to here that some are treating this like an opportunity, or technological advancement, rather than a "problem"! Cheers.
Exactly. This will create a bunch of work upgrading major transmission lines and infastructure. I see it as a big win win
When I was loving in Seattle 10 years ago they were having issues exporting power due to infrastructure limitations. Glad to see a power intensive industry is moving in to take advantage of the cheap power surplus!
That't pretty interesting. I always hear that they mine with their antminers before releasing it for sale to the public but thought it was just a conspiracy theory. Now that sounds more plausible.