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by detuur 2947 days ago
I'd say that's baseless speculation, considering the amount of people who treat bitcoin mining as a grow-op.

Sure, the industrial operations are the ones getting articles and showcases and blog posts, but at the same time I've seen plenty of news articles of police busting some kid for scamming/drug charges and catching him with 100 gpus in his room.

1 comments

More like basic math and direct experience. My business sells power supplies to this industry. Say the average home or apartment has 200 Amp electrical service (24 Kilowatts). A typical miner takes about 12 Amps meaning you can run about 16 units maximum on home electric service. 16 units isn't really enough to reach the scale you would need to be long term profitable in the industry. That isn't to say there aren't a few fools who don't realize that and are running a small scale operation out of an apartment but this article is citing requests for _Megawatts_ of demand from single customers. That is unquestionably industrial scale.

Anecdotally i've shipped a ton of equipment to Wenatchee and every operation I've done business with has been in an industrial warehouse.