Inside China it is mainly distributed: Sichuan, summer from May to October, to use cheap hydro power; winter from October to April , in Inner Mongolia and Xinjiang, use Coal power.
Wow, they actually use coal for power? I'm no expert on how our electrical grid is powered, but I thought most countries had done away with coal--please correct me if I'm way off base, which is quite possible.
I don't know what to make of this news either, since I don't really trust information coming out of China. What I do know is that bitcoin miners aren't likely to give up mining, and if China makes it illegal they'll move their operations to another country where it's still legal to mine. I know I've written that before, and I believe it was with respect to China as well, so I'm thinking this is probably a bunch of BS.
AT $60k+ BTC I was thinking about putting some S9 units back online.
You have cheap enough electricity where you live? I thought your state (which I won't disclose) had pretty high utility rates. Do you still mine bitcoin now and then?
The data center we use forces you to have 2 KVA per rack. I can have 1 RPi in the rack and it still comes with and we pay for 2KVA.
What is nice is that it is in aggregate so 4 racks 8KVa but I can have 2 with 3 and 2 with 1 and it's all good.
So, when we needed more space but not more power we got an extra 4KVa that I have been using to run some old servers for legitimate work.
BUT, it's just to make my life easier. When
BTC was at $60k I was thinking of shutting them down and bringing in some S9s
With the above being said, I think it's important to note that there is probably a lot of small miners around that are in the same boat. They have power that they are "forced" to pay for so they mine with it.
Seriously, if we could have had those racks for less money but only 1 KVA you bet we would have taken it.
I have a client who has office space that has fixed electric costs based on space. He runs some GPU rigs since no matter how much he argued with the management company of the building, the power cost would not budge....so now instead of using 30% to 40% of the power they bill him for he is using 85% to 90% If he could figure how to be at 99% without the risk of going over and getting an extra bill you bet your ass he would be there adding GPUs.
-Dave
Yeah we got the sweetheart five year deal it ends in 2023.
our main warehouse guy had a contract for power he prepaid for five years.
he lost his main customer an icecream company and had prepaid power.
we came along and have been there since december 2018.
lots of niche guys like us with 200kwatt here 100 kwatt there.
we have access to 500 kwatts. dont have the gear ⚙️.
so will expand slowly. hope china really does kick out miners it will be good for me.
btw eth hash grows like mad as it simply pays more $$$ per watt of power.
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