Then Chinese bitcoin miners will get the latest and the best mining chips before anyone else. Along with low cost Chinese electricity this means China becomes a bit coin super power. Just as I suspected. The idiots in Iceland can’t design or make chips.
China has lo cost coal in its West but does not have the great railroads to bring enough East where the people and industries are and live. This is why the Chinese buy Australian coal. So Chinese bit coin miners should be located in their Western provinces, Just build the power plants there to burn the cheap coal to power the mining computers.
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Bitmain Antminer S9 Bitcoin Miner, 0.098 J/GH Power Efficiency, 14TH/s
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Bitcoin Mining Hash Rate: 14.0TH/s ±5%
Power Consumption: 1372W ±10% (Power supply not included)
Most Power Efficient Bitcoin Miner: 0.098 J/GH ±7%
Built-in web management portal - No separate host computer or software required
Power supply sold separately - AntMiner APW3++ power supply recommended if you have 220v+. EVGA SuperNova 1600 G2 recommended if you only have 110-120v power.
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Empire District Electric used that strategy. They built their power plants next to the mines.