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by IMTDb 719 days ago
A global and free market for electricity means that African citizens are going to have to outbid bitcoin miners and ai trainers for electricity.

I would much rather see a world where governments are at least partially in charge of the grid to ensure that their population gets their share of the capacity.

2 comments

It will be almost impossible to not outbid bitcoin miners for electricity due to the fact that mining is a non-geographically constrained free market where miners are not profitable unless their electricity cost is very close to zero (i.e. otherwise wasted energy). As soon as there's other demand for the same energy, bitcoin mining will instantly become unprofitable in that area and they will need to relocate.
Well they didn't say a free market. I would certainly hope for some treaties making sure everyone gets a baseline before extras get put up to bid.