Itulah.. Cinema je yg hidup dkt situ.. Yg lain2 tu mcm takde sambutan..

This I agree with CCP gov.
One less major competitor for the crypto mining world.

This post has been edited by yushin: May 21 2024, 12:09 PM

Well, you need to understand what opportunity cost is.
Let say they are using 1 MWh of power continuously 24/7 to do all sort of mining.
That power can be used at where else, maybe powering a factory and provide more job opportunity or EV charging service or other more useful activity.

Then, you also need to know what indirect cost is.
There is a lot of indirect cost incurred to do this sort of mining.
Electricity Company like TNB might need to build more power plant just to cater mining activity.
And this activity does generate lots of heat.
Then, maybe one day they decided to quit this business or rug pull entirely (very likely to happen), someone is going to bear the cost.

this will trigger all of those local authorities...majlis perbandaran/bandaraya, bomba, jkkp or something keselamatan...he should have just kept quiet

ini org bodoh sombong, sekarang pasti semua badan kerajaan check dia.

pertama, ada tak dia bayar tax

aiyo dulu 2010 apa macam .. tak guna PC phenomX6 & hd4870 for mining

Me not authority ppl also triggered see this post wafak

bbb

Bomba get donations every thing lulus

Sure a lot of dengki people, lol

But actually if the electric supply stops, the bitcoin also hilang. This is a virtual money that relies totally on electric supply.

Imagine a solar storm that knocks everything out.

LOL

not about raid but possible gov compliance audit in the future

jkr, jakim. jaiz, jpj

the dude is doing hosting service also therefore the vid.

-his rate definitely not 0.5/kwh, you will know when you go to tnb and nego.

-explaining to people mining btc is easier than saying we mine kaspa, etc,doge,ltc and do alot of other things like our own pool, lp and such.

gpu makes maximum 10% from what you pay to tnb on rates have peak and non peak. need to use proper strategy to make more money.

-another side business from this is crypto to fiat changer

if this bitcoin center takes the same electricity demand as the not in use shopping mall, then should not be an issue because power demand already allocated for.
In fact for TNB from a purely opportunistic profit stand point, this sudden additional demand is not bad, because infra is already there and they can supply it.

But yes, to do some arbitarily complex mathematical equation just to validate transactions is a perfect waste of non renewable energy. Most of power in Malaysia comes from burning fossil fuels.
So memang bodoh this thing.

I think at the moment, if they do suddenly close down, all that excess demand is just going to be taken by legitimate data centers which are mushrooming at the moment.

Problem really comes, if a lot more people invest in large scale bitcoin mining and that has a huge percentage draw on the national grid. Then we would have problems

BBBUUU

Pity he could use 2mil to open massagi center. More profitable

Anyone have Investor, a new mining smartphone to be out soon after 5 years of full research and development with company strong programming team been integrated

Now he is a multi millionaire and you?

The owner might not even pay for the electricity at the end. Might be registered under mule account.