richard77

richard77

  • Commented on Unforeseen Consequences and that 1929 vibe
    Thanks for the clarification. I was suspecting something like that, but those energy sources have low marginal costs for production, the levelized energy cost should be still higher than 16$/MWh. So who paid for the investment? China government (directly or...
  • Commented on Unforeseen Consequences and that 1929 vibe
    A bitcoin is generated every ten minutes (the computational difficulty is scaled according to total mining power to keep generation frequency roughly constant). If cited figures for BTC network are correct, that means that every btc needs about 600MWh of...
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