this post was submitted on 10 Feb 2024
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Something topic-adjacent is going down in BC, Canada right now.
We had a large timber company that branched out into crypto mining, augmented with solar. They made an absolute killing with this pivot, and wanted to expand. But need a metric fuck-ton of electricity. The local utility company denied them, citing their own issues with keeping up with demand in the near future. The timber company sued them, and I think it settled to this:
https://vancouversun.com/business/local-business/crypto-mining-company-loses-bid-to-force-bc-hydro-power
Super interesting story - thanks for sharing. Helps getting perspective:
> the data centres proposed by Conifex would have consumed 2.5 million
> megawatt-hours of electricity a year. That’s enough to power and heat
> more than 570,000 apartments
@Wiitigo @technology