Re:Internet disrupted in Kazakhstan amid energy price protests
by SilasX on Wednesday January 05, 2022 @05:18PM
(#29815875)
>Where is the arbitrage? Mining crypto in Kazakhstan with subsidized energy can not do anything to reduce the MWh price in Germany. There is only up and up as energy is irrecoverably burned for crypto.
I already said in the comment that it is "probably not possible everywhere". But to clarify that hypothetical, the arbitrage would be reselling the energy to whatever energy use-cases exist in Kazakhstan that aren't subsidized (which probably exist since it's unaffordable to subsidize energy everywhere in a country without bound).
Also, really? Is that your standard for the merit of an argument? Whether Kazakhstanis will kill you over it? I explained in detail how the efficiency manifests in another comment [1], and (also) already said it doesn't necessarily cancel the negative effects of crypto.
I already said in the comment that it is "probably not possible everywhere". But to clarify that hypothetical, the arbitrage would be reselling the energy to whatever energy use-cases exist in Kazakhstan that aren't subsidized (which probably exist since it's unaffordable to subsidize energy everywhere in a country without bound).
Also, really? Is that your standard for the merit of an argument? Whether Kazakhstanis will kill you over it? I explained in detail how the efficiency manifests in another comment [1], and (also) already said it doesn't necessarily cancel the negative effects of crypto.
[1] https://news.ycombinator.com/item?id=29809318