Re:Bitcoin mining companies face shutdown in southwest China
by pmorici on Friday June 02, 2017 @08:40AM
(#14469396)
It's almost all hydro power every thing else is too expensive to be competitive.
Re:Bitcoin mining companies face shutdown in southwest China
by Phlarp on Friday June 02, 2017 @11:12AM
(#14470459)
If the miners weren't tapping all the hydro power they wouldn't have to burn as much coal to power the rest of the country.
Re:Bitcoin mining companies face shutdown in southwest China
by bluesteel44 on Friday June 02, 2017 @04:27PM
(#14473039)
Miner is an ideal consumer of the electricity, doesn't have peak hours, can put equipment near the hydro power plant, so it is very likely a lot of this energy has been just wasted before c. 2013-2014.
Re:Bitcoin mining companies face shutdown in southwest China
by oh_sigh on Friday June 02, 2017 @12:07PM
(#14470937)
The entire Bitcoin network consumes about 2GW at the moment, which is something but not much compared to China's total generation capacity which iirc is something like 900GW
Re:Bitcoin mining companies face shutdown in southwest China
by bluesteel44 on Friday June 02, 2017 @04:29PM
(#14473055)
Probably less, see http://blog.zorinaq.com/bitcoin-electricity-consumption/#eco...
Just sayin.