Fair point on Cheap hyrdo power in China eg the 3 Gorges Dam but frankly, that vast majority of overall power production production is spoken for. For most heavily industrialized countries, for just one segment - aluminum production - takes one helluva chunk. ref:
http://wordpress.mrreid.org/2011/07/15/electricity-consumption-in-the-production-of-aluminium/"According to Alcoa, the world’s largest producer of aluminium, the best smelters use about 13 kilowatt hours (46.8 megajoules) of electrical energy to produce one kilogram of aluminium; the worldwide average is closer to 15 kWh/kg (54 MJ/kg).
Worldwide production of aluminium in 2010 was 41.4 million tonnes. Using the figures above this means that 621 billion kilowatt hours of electrical energy were used in the production of aluminium. To put that in perspective, the total world production of electrical energy was 20261 billion kilowatt hours, meaning that more than 3% of the world’s entire electrical supply went to extraction of aluminium."
Toss in the other more pressing power needs of China and you get my point.
Ja certainly a lot of low cost power will be available to local (ish) peta-farms but not as much as you think. Outside of being right next to the power plant/dam (the now closed Alcoa smelter site in Washington state comes to mind) the infra over there just does not support someone suddenly deciding to run 25-50MW much less 100MW or more without a helluva lotta prep and time/cash for it to be done.
yes but we had 2 months of huge see-saw hash rates. In Nov and in Dec.
Seems to me China (bitmaintech) has been setting up this flood the network work idea for quite some time.
They only need 5 months or so of cheap power to do what I am saying.
Maintain a 15 to 20% growth rate until the ½ ing
They do not need 1x 100 mega watt deal from 1 dam
3x 40 mega watt deals do the trick. Or 4x 35 mega watt deals.
Remember China has been having an industrial slump and some of these plants may have excess power.
I picked the biggest dam because what is 100-150 megawatts compared to 22,500 megawatts
less then 1 percent. Basically if this is the tactic being employed.
1 cent power with .3 watt machines
A bitfury owner need 3 cent power with .1 watt machines
both costing the same per th to be on equal ground.
And the bitfury may not be ready until april 1st (hmmm is that a joke)
by april first diff will be 293 -300 and a 10th 1000 watt machine would only be earning 4 usd a day with 10 cent power
and 5.20 usd a day with 5 cent power
And the ½ ing would be 5 diff jumps away.
Of course maybe my FUD about the diff is wrong and after this jump to 170 we go flatOr back to more normal jumps of 3 to 6 %
Ps thank you for the led light bulb design much better then cfl's
