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by dgacmu 3263 days ago
2 cents is what you're competing against -- very large mining farms located near cheap, under-utilized hydro plants. Many in China, due to the existence of many such plants. [0] Those are the mining operations that can remain (marginally) profitable when the small home miners are forced out because gross revenue is less than power costs.

[0] http://www.afr.com/technology/lisa-kangding-story-20160706-g...

1 comments

It's 3-4 cents in China. 2.3cents in Quebec. 2cents in Washington State (which is what the GP was referencing).