rdyoung , 5 months ago (edited 5 months ago)

Seriously. This is so much bullshit. The bigger operations are out in the north west where hydro power is abundant and cheap. I’m sure plenty of others have made moves to run on solar or wind as well. Power costs make or break profitability for a crypto mine.

Everyone downvoting this has no idea what it takes to mine crypto. If I cared enough about the peanut gallery here I would find one of my spreadsheets from years ago where I calculated the cost of mining versus buying directly. Most of the time for individuals and those wanting to hold it, buying was the best option. The only way these big operations make any money is getting kwh as cheap as possible and taking a fee from those paying them to mine for them.

Even with commercial rates, you’d have to be a trump size moron to setup shop in and around any city or town full of people.