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Kabloosh75 t1_j5ppfk4 wrote

Reply to comment by Azraiah in America’s first nuclear-powered Bitcoin mining center to open in Pennsylvania by leperpepper

Well if Bitcoin is unprofitable they are sure as hell going to pivot and turn it into a hosting data center especially since they probably sunk many millions of dollars into building this facility already.

That said, crypto still has a market so while this sub may think it's dead it's not.

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selectinput t1_j5qa8xe wrote

Yeah this article isn’t great, but the reality is that a subset of US companies are (and have been) moving certain operations out of platforms like AWS to colocated data centers to reduce costs.

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Kabloosh75 t1_j5qd07y wrote

That to me doesn't sound like a bad thing since it helps make the market less of a monopoly in Amazon's favor.

I host a lot of my own data so I see the value in keeping it in house instead of getting stuck with one company. It's like with cellphones. It's hard to move between Android and Apple.

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selectinput t1_j5r7g59 wrote

Very true! I’m interested to see how this one shakes out.

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Shad0wSmurf t1_j5pybwa wrote

It's actually as an investment venture absolutely viable if bitcoin rising and lowering determine whether it's financially profitable. If you look at it in a narrow scope. Nuclear provided energy is exponentially more expensive on a output level than it is to other methods. The last 2 reactor nuclear power plant was built in the 1980. There has not been any or; rather, very minimal advancement in the area of nuclear derived power and its ability to capture "more" energy than was estimated to produce in the 1970's and then built without any "additional increases" in capabilities or capacity.

The cost of the more expensive energy, paired with PRIVATE electricity rates, that is not being used or paid for to any other company , except for them. They never "pay" for the energy directly , the nuclear radiation have half life's that could potentially be initially purchased and then not need a "refueling" for 30 years. And any "extra" can be sold -- DIRECTLY to companies who pay a HEFTY amount for "backup power".

And they can charge a arm and a leg because who else can provide 100% guaranteed sustained power even as a primary provider. And the "extra" power not sold; is paid for immediately by profits FROM the Miners they have powered. "infinite money" and they will be the first.

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