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0 sats \ 0 replies \ @Tony OP 3 Sep \ parent \ on: How Much Electricity is Needed to Mine 1 Bitcoin charts_and_numbers
I believe you’re right. It’s fairly easy to conceal bitcoin mining by setting it up next to a nuclear plant or some resource intensive production. Plus countries you mentioned do strike me as ones to do something quietly, without giving any hints to the competitors or their citizens.
End of the day it’s all nothing but a strategy.
I’m one of those 😅
Of course it’s subjective, but I guess it’s about the feeling that the music you listen to is more melodic, makes more sense or is more profound. It’s not about the genre per se, but rather the balance.
Of course, it gets worse with age. Everything “youngsters” listen to sounds like garbage (though it isn’t necessarily).
100%. AFAIK, it’s the same for most (if not all) countries. I actually mentioned it here #1203129.
So end of the day the infographic author chose the simplest (and least accurate) approach by taking lowest available tariffs in each country and adjusting those numbers assuming one uses energy at those prices to mine 1 bitcoin (maybe taking probability into consideration).
We need to conduct proper research, take actual cost of electricity for the job (account for higher consumption) and consider other variables. That would be truly informative. Now the question is who’s gonna do it? 😅
Well, their immune system superiority is mitigated by the environment they normally live in, plus there’s obviously a lot more to life expectancy than just not getting sick. As far as I understand, rats and cockroaches as species do outlive many others mainly due to their “reproduction volumes” — they give birth to some crazy numbers of babies and do it very frequently.
I’m no expert in biology by the way, just thinking out loud.
Well, “normal” people there don’t really have an opportunity to mine, and consequences for disobeying higher leadership directives are very strict. While mining is legal on paper, it requires a separate license, which is quite costly + miners face higher energy tariffs.
This actually is where the infographic is faulty — the author seems to have taken the reported minimum kWh price for a household in each country and used that to calculate the price of mining one bitcoin. It does not account for peculiarities of each country’s laws.
It actually is quite accurate. Outages and government restrictions for some residential areas are not accounted for here, but reported prices seem to match the infographic.
The residential electricity price in Iran is IRR 1,943.000 per kWh or USD 0.004. These retail prices were collected in December 2024 and include the cost of power, distribution and transmission, and all taxes and fees
Residential electricity prices in Iran are 2.35% of the world average electricity price
I think I heard something like that. But never dug into it. It probably makes sense to some extent, but that doesn’t seem to work with birds.
Well, Downdetector did show user reports regarding issues with the banks and even VISA (see screenshot attached to original post. Situation seems to be fine now – just 10 issues versus 5000+ yesterday eventing.
Couldn’t find any details or statements from the banks. Could be network failure or something.
To be honest, I thought this was a bank run caused by the recent statement of French finance minister.
Just today I heard of some issues in regards to France here on SN #1199463
Here’s the link to the news: https://www.telegraph.co.uk/business/2025/08/26/france-may-need-imf-bailout-says-economy-minister/
Gonna dig into details now — though it’s just noise to be honest.