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This container is filled with bitcoin mining computers on a fenced gravel lot deep in the Alberta, Canada wilderness. The site is operated by AlbertaHash, and is one of three one-acre facilities the company owns. It is connected to Alberta’s wholesale electricity market and can reduce or stop load...

35,207 views • 3 days ago •via X (Twitter)

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Quite a staggering press conference by the Power Minister I must say... Here is a point by point summary of the presser which may be helpful. 1. He starts off by admitting hamaray control mein kuch bhi nahin... 2. Then he says PMLN ne hamesha ke liye awam ko load shedding ke azab se azad kiya, in a presser about excessive load shedding for which he is apologising. 3. He first admits the role of LNG shortages in the load shedding issue, contradictory to the govt trying to press that this is because of reduced hydro electricity production. 4. Then he pivots to say that the issue is indeed of hydro electricity; a 1700 MW shortfall because the water cannot be released; effectively blaming the agriculture sector. Ridiculous, because the reservoirs are for irrigation, and hydroelectric production is a by product. It is the inability to plan for this that is on the govt. 5. Then he says there is no loadshedding during daylight hours, because of solar production - the same solar the govt tried to discredit. The claim is not true. Scores of feeders in Peshawar are seeing unannounced all day outages. 6. Then he says we have double the production capacity from gas (that we can't use because we have no more gas), and that we are using all the furnace oil in the country; effectively saying there is a fuel crisis in the country. 7. Then he says the wag the dog kneejerk power strategy effectively also led to industrial load shedding, so now the govt is damaging the economy as well as making consumers furious. 8. Then he says HESCO & KE is not suffering additional load shedding because there is enough power in the south, then why not the same logic to KP and Tarbela??? 9. Then the piece de resistance that the 2.5 hours load shedding is to reduce electricity bills for the public - which seems to be the most amazing marketing spin by the power sector for this unmitigated disaster. And to rub salt into the wounds he says this is the result of the major power sector reforms or which he is proud. This govt keeps failing miserably, and then thinks it can pass its failures as success. Extreme case of Form47itis... Full Presser:

Taimur Saleem Khan Jhagra

16,936 views • 5 months ago

🚨 CHINA IS RACING TO BUILD A SPACE SOLAR POWER PLANT THAT COULD BEAM ELECTRICITY FROM ORBIT TO EARTH. Scientists at Xidian University have successfully tested a ground-based system that can wirelessly transmit kilowatt-level power over 100 meters using microwaves. Their ultimate goal is far more ambitious: placing large solar power stations in geostationary orbit (36,000 km up), where sunlight is available 24/7 with no weather or atmosphere blocking it. The project, called Zhuri (“chasing the sun”), uses mirrors to concentrate sunlight onto solar panels, converts the electricity into microwaves, and beams it down to a receiving antenna (rectenna) on Earth. Why this matters: • In space, solar energy is up to 6 times more efficient than on Earth because there’s no night, clouds, or atmospheric filtering • A single large space solar station could theoretically generate gigawatts of continuous clean power enough for millions of homes • The team has already proven the system can beam power to multiple moving targets at once • China is now among the world leaders in this technology, alongside the US and Japan The deeper implication: Space-based solar power has been a dream for decades because it could provide truly baseload renewable energy. While the technical and financial challenges are enormous (building massive structures in orbit, precise microwave beaming, and safety), steady progress like this brings the concept closer to reality. If successful, it could fundamentally change how humanity generates and distributes energy moving power collection off the planet entirely. Near-term applications could include wirelessly charging satellites or powering future lunar bases. Do you think space-based solar power will become a major energy source in the coming decades, or will it stay too expensive and complex? Follow for more frontier energy and space technology developments.

TheNewPhysics

15,361 views • 3 months ago

The biggest Bitcoin miners on earth are quietly walking away from mining Bitcoin, and the reason is not the one everyone keeps repeating. They are not fleeing a dead business. They lost an auction for their own power, and the winner was artificial intelligence. Start with the brutal arithmetic. It now costs the average public miner around $80,000 in cash to produce a single Bitcoin, and for stretches of this year $BTC traded below that. The most efficient operators on the cheapest power still clear a margin, but an estimated 15 to 20 percent of the global fleet is mining at a loss right now, burning more in power than the coins are worth the second they are minted. Three straight downward difficulty adjustments earlier this year, the first such streak since 2022, were the footprint of machines going dark. That looks like a simple story of a broken business until you see the number that explains the exodus. The same megawatt of power that earns a Bitcoin miner roughly $1 million a year earns between $10 and $20 million a year hosting AI compute. Ten to twenty times more, for the identical electricity, substation, and cooling. What made industrial miners valuable was never the mining. It was the power contracts, the land, the grid interconnects. AI walked in and bid an order of magnitude higher for exactly those assets. Mining did not fail. It got outbid for its own infrastructure. When Core Scientific runs its BTC segment at a negative margin while its AI colocation business prints money, the decision writes itself. CoinShares estimates listed miners could pull up to 70 percent of their revenue from AI by year end, up from about 30 percent. The power is being repriced to its highest use, and Bitcoin lost the bidding. If the giants leave, what happens to the network they secured? The doom posts assume it weakens. It does not, because Bitcoin has a self-healing reflex written into its core. When miners switch off, blocks slow, and within two weeks difficulty automatically drops, which makes mining cheaper and more profitable for everyone still running. The security does not vanish, it relocates, and you can already see where. State-backed pools are appearing, with one Gulf operator reportedly standing up a national pool near 3 percent of global hashrate, alongside private fleets and the handful of public miners like Marathon still choosing to buy Bitcoin rather than lease their power away. The network even hit an all-time high above one zettahash this year as the pivot accelerated. It does not need any particular miner. It needs someone, somewhere, for whom the math still works, and cheap stranded power has no shortage of those. But there is a deeper timer here, and the AI pivot just exposed it. Today miners earn almost everything from the block subsidy and almost nothing from fees, often under one percent of revenue on a quiet day. That subsidy halves again in 2028, and every four years after, marching toward zero. For Bitcoin to pay for its own security forever, fees eventually have to replace it. The open question is whether they can, and the evidence cuts both ways. On busy days, during token launches and inscription waves, fees have already spiked past 15 percent of revenue, and in 2024 some blocks earned more in fees than the entire subsidy. The capacity is there in bursts. Whether bursts become a baseline is the single most important unanswered question in Bitcoin. The AI exodus did not create that question. It pulled the cover off it years early, and showed how fast capital abandons hashing the moment something pays more. So the honest read is not that AI kills Bitcoin mining. It is stranger than that. AI is the first bidder rich enough to reveal what Bitcoin's security was always quietly worth, and what it will cost to keep once the free coins stop coming. The miners are not abandoning a sinking ship. They are selling the deck to a higher bidder while the same clock everyone forgot about keeps ticking underneath.

Shanaka Anslem Perera ⚡

90,812 views • 3 months ago