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RE: Bitcoin Miners Migrate From China To Canada As PBOC Begins Crackdown
I am surprised I haven't heard of a power station somewhere deciding to disconnect fromthe grid and opening a huge Bitcoin mining operation. Seems like the perfect way to have stable power consumption and I am sure it would be easy to raise investors money to cover the costs of setting it up.
I heard rumors that some of the local electric companies in China are actually miners.
I havent been able to verify but that notion is out there.
It does seem a logical way to go. They surely cant be beat on electricity prices plus power stations sometimes waste or sell under the cost of production in off peak hours