Re:Kosovo bans cryptocurrency mining to save electricity
by JAlexoid on Wednesday January 05, 2022 @01:33PM
(#29813001)
It has not had any link to power consumption, due to crypto mining.
Electricity generation doesn't impact gasoline prices, as much as you'd think. If you wish to see evidence - then go check out the prices of natural gas(widely used for power generation) and crude oil... and how they drastically vary in different markets.
And finally - Kazakhzstan is 70% coal power, while the world is only 3.5% on oil and 23% of gas. And there's a lot of spare coal power capacity...
Electricity generation doesn't impact gasoline prices, as much as you'd think. If you wish to see evidence - then go check out the prices of natural gas(widely used for power generation) and crude oil... and how they drastically vary in different markets.
And finally - Kazakhzstan is 70% coal power, while the world is only 3.5% on oil and 23% of gas. And there's a lot of spare coal power capacity...
https://ourworldindata.org/electricity-mix#:~:text=In%202019....