May 22 2024, 11:46 PM
QUOTE(rznrmolev @ May 21 2024, 12:22 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.
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.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.
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
Quote
0.0114sec
0.58
6 queries
GZIP Disabled