Re: Chinese Bitcoin Mining Company Delivers First Machines to Kazakhstan
This is not good from energy mix perspective. The region of Sichuan was using energy from Hydroelectric (renewable). This will mostly move to dirty energy sources.
Coal represents around half of Kazakhstan's energy mix (50% in 2018), followed by oil and natural gas (both with 25% shares).
Coal represents around half of Kazakhstan's energy mix (50% in 2018), followed by oil and natural gas (both with 25% shares).
yeah coal is bad and if this happen and papa "elon" know it they will not start accepting bitcoin as payment again
but the CEO said this on the WEbsite that OP mention
"We are committed to protecting the environment and lowering our carbon footprint," Xianfeng Yang, CEO of BIT Mining, commented in the announcement. "We have been strategically expanding our operations overseas as part of our growth strategy. Following our investments in cryptocurrency mining data centers in Texas and Kazakhstan, we are accelerating our overseas development for alternative high-quality mining resources."