Renewables are profitable only with subsidies. That was the case until a couple of years ago, so it still applies to the Ouarzazate plant which was begun in 2013. But the tendency goes into the opposite direction. From 2013 to now the prices for solar energy fell by more than half according to this source and this wikipedia article shows (with many other sources/graphs) that they're increasingly competitive. I'm still not convinced. Smiley
How about we talk numbers? Ouarzazate produced 1470 Ghw a year, let's make it 40 years with no operational costs, that's 58 Twh, or 58 billion kWh for a price of $3.9 billion. How much does it make in cents/kwh?  Or let's go for solar panels, average low in the US (cheaper than Europe) get's you $2.75 per watt. So a 10 KW panel is 27k, which with the average sun in Europe will get you 18Mwh, fast forward 30 years 547Mwh, you're not going to like it when it goes to cents/kwh  . As for your link.. Costs for solar and wind power technologies also continued to fall year-on-year. Electricity costs from utility-scale solar PV fell 13% in 2019, reaching a global average of 6.8 cents (USD 0.068) per kilowatt-hour (kWh).
At those costs, the entire BMC would be bankrupt  . Then again, if green energy is so cheap how comes that after burning half a trillion Germany still has such prices and still imports energy from Denmark and Norway whenever there are two days without sun and it's still dependent on gas turbines and coal? Hydro, that's quite reliable, wind, it can be too but it's pretty restrictive, solar is a joke, nuclear beats the crap out of every single other form. |
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We have gone ahead and added the source link which we used for reference in our whitepaper. Also, we have removed the irrelevant plagiarized content. Additionally, we have taken the necessary steps with our copywriter to ensure this doesn't happen again.
This doesn't solve a thing. You've just proved you're unable to add a text of your own in the whitepaper and you just credited the sources, it's like a thief acknowledging from where he stole the goods from, you think everyone should be walking free after that because of a confession? The only thing that is proven here is that you have no concept, no idea of your own and that your team has actually paid somebody to write a whitepaper because you are unable to, a thing that looks even worse than copying paragraphs and plagiarism. Hope, this resolves the issue you have raised, and we kindly request you to remove this post if you are satisfied with the steps taken from our side.
It doesn't work like that around here, fortunately. Furthermore, your "bounty manager" is a guy that was tagged for doing the same shit one month ago, so he will get another one again. |
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I understand that the United States has the largest market and so on, but you don't know the Chinese.
Stop forcing an entire country into your patterns, a week ago there was another Russian guy who claimed the Chinese don't like cold. Chinese are different from guy to guy, Cz is not Ma, and Xi isn't Jackie Chan, even when it comes to Bitmain do you think it's one sole company with a single guy in charge?Look at this: https://www.coindesk.com/business/2020/03/09/exiled-bitmain-co-founder-is-fighting-back-with-second-lawsuit/Who are the Chinese here and which one is the bad guy and which one is the good guy? Stop this, each individual and each business cares only about itself, they won't sell 100 miners for 40 septillion roubles at the risk of losing 1$. And btw: Is Union pay Chinese? UnionPay suspends negotiations with sanctioned Russian banksIs Sinopec Chinese? China's Sinopec pauses Russia projectsSome people just can not imagine another country could or will take the position of the USA as an economical powerbase.
Not a country with an economy of the size of Italy soon to be Portugal At least Their 'One Belt, One Road (OBOR) initiative refers to that. They could succeed also they could fail but it is clear now the USA is facing challenges to keep its unipolar power intact.
Read the news, China has already launched initiatives to bypass Russia in their new project. Oh wait, in Russia probably all the news is about how you're one day ahead of conquering Lisbon. |
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In the end please I will appeal for unban, please visit my posts history as a proof, my intention never been to spam or account farming or merit farming whatever I fall into.
You're the guy that sent me a message to delete my post that was pointing out clearly you were making topics out of one-click copy-paste and not even bothering to check what you have posted one full hour after it. Obviously, you had prepared texts for topics on WO and for posts and you messed them up rushing to be the first to get merits. All your history screams merit begging and you try to farm that in the WO topics with useless memes and news bits. I can only say that I put the OP on ignore because of his pointless posts in the WO which included oversized images for which he was repeatedly warned.
I've put him earlier on ignore after that thing with the topics I've mentioned and after seeing he can't take a break from pushing religious propaganda around. |
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Déjà vu We don't expect news coverage to always be positive, or even balanced. But we expect it to be fair and accurate. In this case the article has been carefully written with a narrative in mind that provides just enough balance possible to try to avoid a legal complaint.
Unfortunately, Reuters, one of the most esteemed and trusted news agencies, published this article that completely contradicts the reputation this outlet has built over the years and is not representative of our experience working with countless other journalists in their organization. 2018 Mar 22, 2018: https://twitter.com/cz_binance/status/976783934074732544Nikkei showed irresponsible journalism. We are in constructive dialogs with Japan FSA, and have not received any mandates. It does not make sense for JFSA to tell a newspaper before telling us, while we have an active dialog going on with them. Mar 23 Crypto exchange Binance ordered to suspend operations in JapanIt's not going to be that fast but how long do you think it will take to find out all the data at Binance has a clone on the FSB's servers? 7 oligarchs have committed suicide this year, 2 just last week, and you're telling me that guy (Gleb Kostarev) still lives in Russia, has no problem with tea, windows, fires one year after denying them access to the servers, and to all the data of the customers? Fuck Binance. Handing over the data of anti-corruption activists and politicians to Putin's party, so they can be allowed to keep operating in the country.
And now imagine some Russian guy has used an address linked to his Binance account to donate some coins to an Ukrainian fund So, what benefit would they get in providing data to Russia? Unless there's something more underneath it all.
Staying alive and continuing business? Or face the consequences? - Sergei Protosenya, a former top executive at Russia’s energy giant Novatek, was discovered dead in a rented villa in Spain on Tuesday, along with his wife and daughter, who were reportedly on vacation for East
- On April 18, just а dаy before Protosenyа’s body wаs discovered in Spаin, former Gаzprombаnk vice-president Vlаdislаv Avаev, аlong with his wife аnd dаughter, wаs discovered deаd in his multi-million dollаr аpаrtment on Universitetsky Prospekt in Moscow.
- On March 24, Russian newspaper Kommersant reported the death of billionaire Vasily Melnikov in his luxury apartment in Nizhny Novgorod Melnikov—who reportedly worked for the medical firm MedStom—was found dead in the apartment together with his wife Galina and two sons.
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Pretty simple, it's about controlling the currency. Should we work by the assumption that USD now is their major standard reserve currency that determines their own hyrivnia or they are working partly in favour of US to help them at the cause of the war the more not minding the cost. There is no assumption. The USD is the standard reserve currency, no matter what hate the USA groups try to picture with their propaganda it's the $, far behind the Euro, and then the rest don't matter, even Russia held it's reserves in $ and more importantly in banks on US soil. No assumption, that's how things work. Why am much concern about this is that Ukraine has their own hyrivnia as currency not that USD is their standard major currency over there, same as we have many countries with their local currency and USD just just a standard most reserve currency for exchange.
What's the concern? Damage on which side please? USD or hyrivnia currency? are they saying bitcoin will only compound to the falling of USD or hyrivnia? if used, because am not clear with the idea here?.
Of course the hryvnia, how could an economy the size of Nebraska damage the US. El-Savador was in debt before adopting bitcoin and they are going smoothly with an unregrettable decision.
El Salvador is going further and further in debt. They wore forced to take another $400 million in debt to cover government spending and their deficit to GDP for 2021 is close to 8%. They are asking the FMI for billions in loans and their whole Bitcoin stash is worth just around 70 millions, actually they've lost money at the current price. Remember how he bought the dip at ~$48,670?So no, there is actually not a single thing pointing out right now that BTC has made some significant impact on Salvador economy. |
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How the fuck is Russia going to replace the European market?
Russia has two options:
1. China - After Saudi Arabia, Russia is the second-largest gas & oil supplier for China.
Before anyone even starts thinking of it, here is an article from the South China Morning Post, the arm of the English language propaganda of the CCP https://www.scmp.com/news/china/diplomacy/article/3172028/russian-gas-sales-china-will-not-make-loss-european-marketsShort story: Russia exported 16.5 billion cubic metres (bcm) of gas to China in 2021 via pipelines and in the form of liquefied natural gas.
However, Russia is exporting about 170 billion cubic meters (bcm) of natural gas to the European markets every year and the prices for the two buyers are “dramatically different”, according to Mitrova. When the line is in operation by 2026, the annual supply of pipeline natural gas from Russia to China will rise to 48 bcm, nearly five times the 2021 figure. Russia can only sell 10% of the gas it sells to Europe to China, there are not enough pipelines, and even the ones in construction expected to be finished 4 years from now will only have 1/3 of the capacity. As for selling gas to India, good luck, there is no such thing even in construction. As for oil, it doesn't even matter, all that Europe has to do is outbid others, let's see who can afford gas at 3 euros, the EU or Africa or South Asia. |
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how about the icelandic geo-thermals.. oh you forgot them too.. ?
Iceland's total geothermal capacity is 755 MW. Only one of the facilities Maraha has at Hardin is 110 MW and the one in Texa is 300 MW. Iceland's total production from geothermal is 6,010 GWh, so in best case scenario they could host 150k s9j or roughly 7% of the total hashrate (for now) and only if they shut all the other industries on the island. Now since you're such a know it all, can you please present some facts and data about how much of the current hashrate is in Iceland? |
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If this happens, I doubt these countries will stay behind and not enact a similar regulation. You cited China which has already banned mining, and India has considered ultra-hard anti-Bitcoin regulation.
Add Russia which has tons of oil it can't sell, Nigeria has the same problem, Indonesia which is the biggest coal exporter... Plenty on the list, it doesn't have to be India and China and it doesn't have to be energy produced there, just like the eco-friendly batteries or other products Europe imports. Let's do a two in one here: Exactly. That's why perhaps regulation is needed and market forces are still not strong enough. A further 30-50% cost decrease for renewable energy could make regulation unnecessary, but it's perhaps too slow. If that would "kill" mining in Europe, it would mean that renewable mining is not profitable at all. I'm in doubt if that is true. Renewable energy can be quite cheap when it's available in large numbers and that's where it's especially available in a surplus.
Renewables are profitable only with subsidies. /end It's just like me claiming my Easter expenses were zero since we used my wife's cc card all day. Let's take for example the above-mentioned Ouarzazate plant 510 MW, $3.9 billion. Watts Bar Nuclear Plant nuclear plant, 2332 MW $12 billion. On paper, the nuclear plant has a bit of advantage, nearly 5 times the capacity with just 3 times the cost. But the devil is in the details: Annual net output 13,650 GWh vs 1.430 GWh. And suddenly you need to spend 39 billion to achieve the same electrical output as a 12 billion nuclear plant + batteries costs. Should we do the math on how much Germany spent on solar panels that haven't seen the sun for 6 days in January and had a zero energy output? If renewables would be cheaper we wouldn't have to subsidize them while taxing fossil. If renewables would be cheaper, I wouldn't have to quote myself this over and over again: But renewable mining in Texas is already a large (and obviously competitive) electricity source for mining.
I've been asking for proof of a large farm using only renewables for years, I've seen only claims and no factual data, do you have that? I don't know on which facts this opinion is based In Sri Lanka, Organic Farming Went Catastrophically Wrong https://foreignpolicy.com/2022/03/05/sri-lanka-organic-farming-crisis/Gotabaya Rajapaksa promised in his 2019 election campaign to transition the country’s farmers 10. Last April, Rajapaksa’s government made good on that promise, imposing a nationwide ban on the importation and use of synthetic fertilizers and pesticides and ordering the country’s 2 million farmers to go organic.
The result was brutal and swift. Against claims that organic methods can produce comparable yields to conventional farming, domestic rice production fell 20 percent in just the first six months. Sri Lanka, long in rice production, has been forced to import $450 million worth of rice even as domestic prices for this staple of the national diet surged by around 50% Two years later https://www.ndtv.com/world-news/sri-lanka-crisis-sri-lanka-parliament-speaker-warns-crisis-risking-starvation-2866042The argument from de Vries goes like this: if the rice of BTC is lower, less mining would be done because it's less profitable and therefore, there would be less pollution.
It's technically somehown true: Yes, if the price of BTC would be lower, in theory, less mining would be done as miners need to be profitable to pay for electricity bills, staff, equipment.
However, his argument is pointless because it doesn't make mining more ecological. He is perfectly right, if the price goes down less energy is spent, Bitcoin can perfectly work with 100 exahash, consuming 50% of the energy used now. And it's not "somehow" true, it's the reality, proven numerous times if we look at the charts of the price and hash rate. For example at 10k is highly likely I will shut down my miners for 60$ a month, it's just not worth it, I'm better off offering that energy for people to charge their cars at my door. |
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According to murphy's laws and the usual way things go in this board invalidating a topic title in less than a week in most cases, there is a high chance to go bullish from now on.  Honestly, I don't think so either, probably we're going to be in a whole lot of annoying swings taking us closer to the 30k mark, but I don't think we will go below. Long term everything could happen, there is a scenario for every direction and all look realistic to me: - war is over, China goes back to normal, the fear of another economic crisis goes away everyone turns bullish again - the situation goes on, purchasing power is eroding, less money to be spent on investment, companies become less anxious to throw money at everything, we have to counterbalance $30million of printed coins each day, we go down - we keep going from positive to negative with both bullish and bearish news till something really big happens, and when I say big something beyond a part of a city on an island in Honduras accepting BTCFor the next 3 months, probably the best plan is not to care about the price that much, small talk is ok but leverage trading not so much. Obviously, when this trend support is broken, the price will rush to the 35,000 zone, and maybe even lower.
Why is this so obvious? Would you risk all your coins shorting? |
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But instead of banning or restricting PoW currencies like Bitcoin, there is actually a much more promising alternative: Large-scale miners should have to demonstrate real carbon neutrality.
This could mean miners could have two alternatives:
1) Mine disconnected from the grid with exclusively own renewable electricity. (For example they could use a solar park or wind turbines, and store the energy accordingly).
2) Mine connected to the grid with a "100% renewable energy tariff", but ensuring they don't rely on fossil electricity in cases of scarcity of renewable electricity. Let me tell you how this will end. It will kill all bitcoin mining in Europe and North America and Australia and it will move all of it back to some country that doesn't give a damn about the environment as long as coal-produced electricity is 3 times cheaper. This whole thing is doomed to fail just as how every single thing eco terrorists have tried to do in the past has come back to haunt us and hurt us ten times more. Let's cut the polluting industry in Europe, let's move it all to China and India, let's not give a crap how things are working there as it's no longer our problem, and let's also pay three times more for the stuff while creating more pollution by just shipping the damn products back and forth. 3) provide a strong incentive to move to places where renewable energy is abundant (Sahara desert, some regions in South America like Patagonia, Brazil and the Altiplano, North American desert regions, Scandinavia/Iceland) Why hasn't this happened to date? Why haven't miners flocked to the deserts of Nevada and run their own off-grid panels? Because $ that's it! The only way miners are able to get cheap renewable energy is when this energy can't be moved somewhere else, take Iceland for example. One of the main members of the BMC is the Marathon group. They run all their 3 exa on coal, dirt-cheap coal. When asked to prove what their main source of energy was every single one of them failed to answer, and everybody knows it because coal and gas are cheaper, and if you try to buy directly hydro energy you have people that will outbid you in the same quest to look green. BMC is playing the same narrative as Musk, electrical cars are good, better for the environment all green, too bad they still use more energy to build, a ton of mining equipment and energy for batteries and in most cases, the electricity used is produced with more pollution than a combustion engine. Why isn't BMC showing us their solar and wind farms, their source of green energy? As much as I hate that %$%$ Warren , she was right on the money when she sent this letter https://www.warren.senate.gov/imo/media/doc/2022.01.27%20Letters%20to%20Cryptominers.pdfWhy hasn't anyone from the BMC come to debunk it? Because they know the whole 70-80-90% green energy is just for show, just like Google lies about going 100% renewables. The trick for all those is in the way you present it, look how Google does: Reaching our 100% renewable purchasing goal means that Google will buy on an annual basis the same amount of megawatt-hours (MWh) of renewable energy—both the physical energy and its corresponding renewable energy certificates (REC)—as the amount of MWh of electricity that we consume for our operations around the world
So they just pay for green certificates that magically make your coal energy solar because you paid money! Didn't a study in the US demonstrate just that a few months ago? That's not a study, a study has data and numbers, that's just the greenwashing brochure every company does because they know, you have to show your efforts to save the world or you're doomed in today's world. If they would have had the numbers they claimed they would have responded to that letter, but they went full head in the sand mode. All this "environmental-friendly regulation of Bitcoin mining" is a big pile of s*it.
LMFTFY! All this "environmental-friendly regulation of everything" is going to kill us all before we manage to destroy the Earth. |
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It seems, the start-up and anonymous time of crypto currencies is finally over.
Cryptocurrencies how they were meant to be used have nothing to do with what you're blaming Binance. First, the main thing was to avoid a third party and to hold your coins in your own wallet, you're not doing any of those, then you use a centralized service that of course can act within its own rules and change those overnight. Not even mentioning staking that again is something more related to traditional banks than bitcoin. Regarding the 2FA, the email verification is probably the most useless thing when it comes to security, if your account is hacked it started with your email, you can always use google authenticator or a security key and you don't depend again on third parties like an email or a mobile data provider. As for the second account, common, you go against their ToS and then you wonder why it happened? |
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If you are mining cryptocurrency, then supplies of equipment from China are not blocked to Russia. I do not know what they write in the news, but China is very actively selling its products to Russia.
This is not China and Russia, stop making it like there are two entities, and Xi and Putin control everything. It's about a Russian company that gets its mining equipment from a Chinese company. And that Chinese company has $900 million in orders from just one US company and a total of nearly 6 billion over this year and half of the next year from listed companies , not counting the listing of BitFuFu with 1.5 billion and other plans like partnerships with Merkle, or Bitdeer's adventures in Texas and Wyoming. Why risk this all for a company that will only pay you in roubles you can't exchange? Sanctions don't work by patrolling the borders and ransacking convoys or merchandise, they work by making people not deal with that guy afraid of the consequences. Before you even say something about China, remember Huawei? The giant phone company that can't put a single 5G chip in their flagship phone? Now west will be forced to pay in rubles for gas and oil payments.
No, we don't. The USA also depended on Russia for the rocket engine.
American Broomsticks! |
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I will agree with you, I noticed Russia did it and in few days or weeks later, the Russian rubles increased in price. But I am still just confused, what I thought before is that a country like to protect its foreign reserves, if the people in a country are demanding more of the foreign reserve, the central bank will not have option than to decrease the price of the local currency so to protect the foreign reserve depletion, which means that would still result to inflation or devaluation of local currency. If foreign reserves are used by Ukrainians, this could result to the depletion of foreign reserves in Ukraine.
Central bank foreign reserves have nothing to do with people's personal savings or stash under the bed reserves. The main issue for a central bank when trying to protect their currency is to stop UAH from being converted to either $ or BTC, stopping people from converting $ into BTC ads nothing to their national currency, it just changes the form, just like some country would change their reserves from $ to euros. Your concerns would have been right if they would have allowed purchases of bitcoin with UAH till that limit, but that's not the case. I was later thinking Ukraine received donations in bitcoin, altcoins, US dollars, Euro, Pounds and other foreign currencies, probably could also be one of the reasons or the main reason that NBU restricted hryvnia to be used to buy cryptocurrencies because they have a lot of foreign reserve as a result of donation.
Receiving foreign currency strengthens the UAH, allowing UAH to be converted without limit to either $ or BTC would have negated all the positive effects donations had. Again don't think that personal wallets act like the CB central reserve. |
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NBU restrict Hryvnia to be used to purchase bitcoin a d altcoins but allowed foreign currencies to be used. I still do not understand the reason behind this because also foreign currencies have much to contribute to inflation if its reserves are depleting.
Pretty simple, it's about controlling the currency. If some Ukrainians already have $ them buying bitcoin will not affect the hryvnia parity at all, that is something happening outside, if, on the other hand, they buy BTC or any other thing with hryvnias that will make the currency drop, by restricting this you try to limit the damage. Russia has gone overboard with control not allowing citizens to purchase foreign currency at all despite not being ravaged by war, and it does make sense temporarily but in the long term both a ban and a restriction will prove to be worthless, it will just make the fall harder. That's why I've always said a country in an economic crisis will never embrace BTC, it's like you suddenly import hard currency for your useless paper, exactly why the whole Weimar Republic case is still studied, imagine doing that not to pay some debt but to completely replace your monetary mass, it's suicide. |
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According to you, what should be the ROI for newly launched startups?
My views are around 15% per annum but it would take around 6.6 years to earn the initial amount back. Would it be a bad decision?
The moment your strat-up focuses on ROI it's the moment you have signed your bankruptcy paper. Even before considering getting an answer you should tell us what you're focusing your business on. Agriculture, expect 5-10% in the best years, manufacturing below that, commerce, it depends on what type of commerce, setting up a call enter or a video chat business make it 200%, mining bitcoin go for a year, ROI depends on how much you invest and what's the lifetime of the things you invest in, if you buy land and machinery is one thing, if you intermediate car sales is completely different. Of course, you could achieve 100% ROI in a day if you launch a shitcoin since obviously the first cent buy will be worth more than the entire chain and the investments are what, close to zero? If you have a product, if people are willing to pay for it, then you are on the right track. Plus, how much you earn also depends on how much you spent, if you spent 10 million dollars, making 15% is not bad, if you spent 1000 dollars, making 15% is horrible.
I think you've used percentages wrong here as it doesn't quite make sense. Making 100$ with 1000$ is great, making 100 while spending a billion is horrible. |
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3. I've personally wondered if he left around when asics came out, the point of no return if you will. Asics essentially centralized BTC in a way , starting with suppliers in particular , bitmain. Lately I've felt the only clear winners in BTC are the guys that where in early or asic sellers. I personally don't think that was Satoshi's vision. What good is a decentralized currency if majority of it's owned by the elites already?
Asics were not yet out when Satoshi left but since the first GPU miner everyone should have seen the writings on the wall, it was clear that if the reward will prove to be enough incentive miners designed for this would appear, and they did so as early FPGA. As for his own vision on decentralization, it puzzles me sometimes, he once talked about a gentleman's agreement when it comes to the hashrate race to have coins distributed equally but at the same time he talked about server node farms to take the burden of the network. I think that he knew there was never going to be some sort of democracy in this and in the long run the ones affording better gear will prevail, even with CPU mining the threat as there. Besides, he had some other ideas too, with which not so many will agree these days: New users wouldn't really even need the Bitcoin software. They could download a miner, create an account on mtgox or mybitcoin, enter their deposit address into the miner and point it at anyone's pool server. When the miner says it found something, a while later a few coins show up in their account.
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We should also not forget that Russia has something else that is traded and that the EU cannot survive, and that is nuclear fuel.
That's not really such a big problem. There are only 4 states which depend on those, Bulgaria, Hungary, and the Slovakia Czech Republic duo, with less than 10GW, and furthermore, Westinghouse can produce the fuel, is just that all these countries have contracts with Russia and the replacement of fuel was already planned. Allow Romania to restart all its coal powerplants and there you go, 12 GW capacity with interconnection just in the middle of the problem. Nuclear fuel will be easy, oil will be tricky, gas is the problem! I know that oil prices are a major factor for the inflation,but the global oil prices were moving in the 110-140 USD range during the war in Iraq(2003-2007) and there wasn't such gigantic inflation everywhere around the world back then.There's something wrong with the global economy.
There was less trade being done at that time, look for example the volume in shipping, the war didn't come after a lockdown that fucked the logistic chain forever and still keeps 1/4 of China messed up, and more important that was Irak, it wasn't a clash at the door of the second economy if we count EU as a whole. |
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But don't you think it is quite easy to go around this new policy? If somebody wanted to donate cryptocurrency to a particular candidate or party but cannot because it is prohibited, then he/she could just easily convert his/her crypto first before donating it.
That's the whole point of the restriction, identifying the donor.
Or if somebody from Russia is instructed to make huge donations to a candidate they are supporting, isn't it easy to channel such fund through another person from Ireland?
There are limits in place, you will need to find a lot of people to donate small amounts, and when a lot of them do it is easier to trace where the money is coming from, one or two transactions can get unnoticed but when thousands of people suddenly start receiving money from abroad and donating for the first time it gets suspicious. With crypto donation it was simple, you could donate millions in 10$ batches from millions of addresses anonymously. Plus, political parties and candidates have to reveal how much they've got, cryptos allowed them to bypass this and use money from donations for themselves. |
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Imposed sanctions by the USA already proved to be ineffective.
Your own Central Bank chief and even the Mayor of Moscow say something else: https://www.businessinsider.com/russian-central-banker-warns-country-reserves-finite-nabiullina-ukraine-war-2022-4The only thing that seems to need more sanctions is the import of brainwashing drugs, Russia seems to still get those in large quantities. it's a problem for companies in Russia right now,,, but even so crypto users are not only in the US, there are many countries that Bitriver can target for their cloud mining services for example India or China,, of course they have a way to get around this problem
Oh yeah, they could definitely sell their mining operations to China! And the Vatican! And Bartovia! Anyhow, if the US has started to add mining companies to the list Bitmain will have to start making some very cautious moves and decide to whom they plan on selling gear. The US market is by far the largest purchaser of gear right now, Bitmain has orders in the billions with US companies and they don't want to mess that up, moreover, their chip supplier TSMC has already banned the sales of chips to Russia or third companies dealing with Russian clients so slowly the gate is closing down. |
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