Post
Topic
Board Economics
Re: Venezuela hit by new nationwide powercut for more than three days
by
stompix
on 31/03/2019, 15:59:28 UTC
Most of biggest Bitcoin farms generate its own electricity and that electricity is green. No one will invest huge amounts of money into miners and then relay on someones else electricity. If producing electricity is as simple as mine Bitcoin.


Really?
You know this whole green electricity is a myth and has been busted a lot of times:

Canada - gas:
https://www.btcnn.com/crypto-mining-news/canadian-oil-companies-use-natural-gas-to-power-bitcoin-mining-machines/

Montana - coal:
https://bitcoinmagazine.com/articles/montana-senator-closing-coal-plant-could-hurt-bitcoin-mining-industry/

Australia- coal:
https://ambcrypto.com/australias-dirtiest-coal-plant-to-be-reopened-for-bitcoin-mining/

Perm - gas:
https://www.rt.com/business/415811-russia-power-station-cryptocurrenct-mining/

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