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A comment on The Kingdom of Bhutan Has Been Quietly Mining Bitcoin for Years. Parent comment

Re:The Kingdom of Bhutan Has Been Quietly Mining Bitcoin for... by shrubble on Monday May 01, 2023 @08:44PM (#35781543)
If they are gapped out on transmission capacity, then they can produce it but can't send it to India, in which case doing something locally with it woukd be useful.
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Re:The Kingdom of Bhutan Has Been Quietly Mining Bitcoin for... by throwaway2037 on Monday May 01, 2023 @09:10PM (#35781803)
Two options: They can build the transmission lines themselves, or lend money to India to build them.
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Re:The Kingdom of Bhutan Has Been Quietly Mining Bitcoin for... by whitesilhouette on Monday May 01, 2023 @09:25PM (#35781953)
Lend money to India.... that they earned from Bitcoins‽ That's kind of a circular logic, isn't it?
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Re:The Kingdom of Bhutan Has Been Quietly Mining Bitcoin for... by lordlimecat on Tuesday May 02, 2023 @07:23AM (#35785906)
The article (and Bhutan) are strangely cagey about whether this process has actually generated a return.

Spoiler: it hasn't.

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Re:The Kingdom of Bhutan Has Been Quietly Mining Bitcoin for... by RestlessMind on Tuesday May 02, 2023 @10:36AM (#35788123)
https://thebhutanese.bt/dhi-confirms-that-it-is-mining-digit...

Per a Bhutanese source, it has been mining BTC since it was 5000$. Also, the electricity is free so it hasn't lost any serious money given the low expenditure. Last time BTC was 5000 was in Mar 2020 so given that they are still doing it, I don't see why this is unprofitable for them. If it was, they would have stopped by now.

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