Post
Topic
Board Bitcoin Discussion
Re: Mining pools shut down in China with no clear reasons
by
franky1
on 02/06/2017, 02:24:05 UTC
4.5 million kwh/month and pay us more than 1 million yuan per month

thats $0.033 per kwh.... not cheap i guess they decided to go up north and stay up north more long term instead of seasonal



might also be that exactly a month after them leaving the southern location
southern chinese state electric grid raised the price of non-residential electric
http://www.ebeijing.gov.cn/BeijingInformation/BeijingNewsUpdate/t1094426.htm

Quote
China's National Development and Reform Commission (NDRC), the top economic planning agency, Thursday announced a rise in the price of electricity for non-residential use by 2.8 fen ($0.4 cents) per kWh on average nationwide, as of Friday.

Quote
and for commercial use 79 fen per kWh, according to Beijing Electric Power Corporation.

.. might help explain it.. coal in the south isnt as cheap as hydro electric in the north



also mongolia is having big growth and able to offer special discounts,.. as another possible layer as to why they would had north sooner