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Access to cheap electricity can make or break a cryptocurrency mining operation, and firms angling to strike it rich in an industry where delays can and will cost digital money will do just about anything to get it, as soon as they can.
The latest move in the quest for bargain-basement kilowatt hours, as quickly as possible: building out local power grids with bespoke electrical substations.
Canadian company DMG Blockchain is building what it hopes will be a fully-functioning substation near the Southern British Columbia town of Castlegar, which is electrified by hydro power. When I spoke to Steven Eliscu, who leads corporate development for DMG, over the phone, he told me that building the substation costs millions of dollars and required the company to build its own access road to haul equipment to the site. The goal: to plug it into the local grid and have it power DMG's expanded mining operations by September.
"At the end of August we'll go through a commissioning process where the utility will test everything as a completed substation and make sure that the town doesn't blow up when we flip the switch," Eliscu told me over the phone.
Source: MotherBoard
(Score: 2) by MichaelDavidCrawford on Sunday August 05 2018, @06:33PM (1 child)
What at first was known as Qualitative Investment went on to transmogriphy into Sub-Millisecond Precision High Speed Trading.
That'w why we really _did_ need to Occupy Wall Street.
That such algorithmic... uh... "investment" robs the to poor to give to the rich has often resulted in calls for a punitive, very short-term Capital Gains Tax but these proposals never found purchase in our Congress' soil.
Yes I Have No Bananas. [gofundme.com]
(Score: 0) by Anonymous Coward on Sunday August 05 2018, @06:57PM
I think congress getting involved is a stupid idea. If I'm a good trader or investor and our stupid society won't otherwise give me a decent opportunity why not make some money trading? You have just as much opportunity as I do and today the retail investor has pretty much all the same tools from technical indicators to access to all the fundamentals of various companies. If I know how to use these tools to invest wisely why should the government get in my way and tell me no?
People complain that big corporations make all this money at the expense of their employees and customers. Some of that is true. Invest in these big corporations, become an owner, and use some of that money to fix some of our social problems. Invest in them and use your stake in these companies to make company votes that relate to how these companies operate. These same companies that no one likes are publicly traded. Participate in the process. If you're so smart invest wisely and become a successful investor.
You can do what I do. I use moving averages with standard deviations (bollinger bands) and regression analysis with standard deviations over relatively long term charts (ie: one day / one year charts but I also look at the shorter term charts as well). There is also moving averages with the average true range (Keltner channels - I don't really use these). Your trading software has all sorts of technical indicators that are useful. Most trading software comes with linear regression lines but with a little scripting or a little excel manipulating you can create more sophisticated curves with sample standard deviation bands such as polynomial or exponential curves and you can get higher R^2 values (but higher doesn't always mean better so you need to know what you are doing).
If you aren't a good trader/investor don't expect congress to fix that for you. It's your own fault. If you don't know what you are doing and want to complain about losing money to someone that does then don't invest/trade. You have no one to blame but yourself.