Before the Bitcoin mining industry was not regulated, many Bitcoin mines were set up in Inner Mongolia. Less than 300 kilometers away from me, there was once the world's number one Bitcoin mining farm. Now it has become a desolate factory building, and its former glory and splendor have all gone with the wind. In terms of mining costs, Inner Mongolia is not the lowest. In many places in the south, the source of electricity is hydropower, and the price is so cheap that it is only one-third of the thermal power in Inner Mongolia. But the disadvantage is that there are flood seasons and dry seasons. During the dry season, the power supply is insufficient, and other places have to be selected, or some mines are shut down. Of course, some mines are like migratory birds, mining near a small reservoir in the south when the water is abundant. When the dry season comes, the mines are moved to Inner Mongolia and continue to use thermal power for mining. The hard work behind it is difficult to tell outsiders, and there are many interesting and sad stories. At the peak of mining, Inner Mongolia accounted for nearly 80% of Bitcoin's computing power. It can be said that the price of Bitcoin will tremble when the mining farms in Inner Mongolia stamp their feet. At that time, the cheapest thermal power in Inner Mongolia could be as low as 0.25 yuan/kWh. If there were special care, it could even be as low as 0.22 yuan/kWh or even lower. Don't underestimate the difference of 0.03 yuan. You should know that a Bitcoin mining machine consumes about 2.5 kWh of electricity per hour. A medium-sized Bitcoin mining farm has about 3,000 mining machines. 0.03 yuan can be saved for 1 kWh, which means 7,500×0.03 yuan=225 yuan can be saved for 1 hour. 5,400 yuan can be saved in one day, which is enough for the salary of an operator. Nowadays, China has shut down Bitcoin mining farms on a large scale. Although there are still some small-scale mining farms running secretly, they are still worried. Some are hidden in the computer room of cloud computing, some are hidden in industrial parks, and last year there was a big brother mining in the desert, while others are working remotely and are digital nomads. These brothers who mine in Inner Mongolia are digital herders.

I have strayed off topic. Let's get back to the topic. In fact, although Inner Mongolia is vast and rich in resources, there are not many that can really generate profits and maintain them for a long time. The mining resources are indeed rich, but they are too scattered. The tourism resources are good, but they are only worth playing for 3-4 months a year. The rest of the time, it is either full of yellow sand (now much less) or thousands of miles of ice. As for the mainstream echelon of the Internet, Inner Mongolia is in the area where free shipping is not available, so let's not force it. The supply chain cannot beat the southerners, and the e-commerce capabilities are in short supply. Let's not talk about the various ecological atmospheres. The only thing left is to provide electricity supply. There is a data for reference: by June 2024, the installed capacity of power generation equipment in Inner Mongolia will reach 225.4847 million kilowatts, an increase of 42.5344 million kilowatts year-on-year, an increase of 23.25%. The installed capacity of power generation equipment accounts for 7.33% of the national installed capacity of power generation equipment, ranking first among all provinces in the country. By June 2024, Inner Mongolia's power generation will reach 398.091 billion kWh, an increase of 44.395 billion kWh year-on-year, an increase of 12.55%. The proportion of power generation of power plants above 6,000 kilowatts in our region ranks first among all provinces in the country. Summary: Among the ten main indicators of electric energy, six indicators, including the installed capacity of all power generation equipment, power generation, external power transmission, installed capacity of grid-connected wind power generation equipment, wind power generation, and the proportion of wind power grid-connected power in the total social power consumption, rank first in the country. In fact, there are two paragraphs in it, which are quite distressing: the grid-connected energy storage facilities have poor effects, 80.97% of the equipment has been idle, and some equipment has been idle since its completion in 2021. It is recommended to take corresponding measures.

Among the 84 grid-connected energy storage projects in the 12 leagues and cities in the region, only five projects in Ulanqab have an online electricity of 1.05 million kWh. The 79 projects in the other 11 leagues and cities, with a total capacity of 3.5465 million kilowatts, have been idle since they were connected to the grid. It is recommended that relevant departments take corresponding measures to solve the optimal allocation of resources. Only those who have been deeply involved in mining know the value of this sentence. A large number of equipment are idle, either because of technical problems or because they have a lot of skills but nowhere to display them. After all, electricity is not like a money printing machine. If it is printed out in excess, it can be saved. At present, the only thing that can quickly turn electricity into money in the world is Bitcoin mining. Although other digital currencies can also be mined with electricity, the same sentence still applies. If the depth is not enough, it is all nonsense. If such a large amount of electricity energy is involved in mining, then it is not a problem for the mined Bitcoin to enter the market for cash. If it is a general project with insufficient depth, I am afraid that the mined coins cannot be cashed out at all.

Actually, this is a foreshadowing. If you have electricity resources, you might as well maintain good relationships in advance. If Bitcoin mining becomes legal and compliant in China one day, it will be a good opportunity for a loser to make a comeback and turn over a new leaf overnight. This is not just a cookie cutter. I have been involved in the game, so I must know some of the tricks.

Recently, I saw that there is no trace of Inner Mongolia in the country's next step of the Western Development 2.0 plan. Sure enough, why do we say that Inner Mongolia is the northern border of the motherland? It is really the pure north. After so many years of population loss, negative growth, and low fertility rate, I really don't know what else can be regarded as a bonus for Inner Mongolia in the future.

There is a saying: pity their misfortune, anger at their lack of struggle. If you said before, even if Bitcoin rises to 100,000 US dollars, what does it have to do with my monthly salary of 3,000? It really has nothing to do with it. But if Inner Mongolia can use its idle power resources, even if it is not thermal power, we can use idle solar energy and wind energy. Use it to mine Bitcoin, and the economic benefits brought will be fed back to the local people's livelihood, isn't it also a good thing?

If we add financial means, set up a fund, raise funds, issue bonds, etc., we can solve many problems. Maybe many unfinished projects can be transformed into new projects. This is a blessing for the people of Inner Mongolia. Moreover, through Bitcoin mining, we can exchange it into US dollars. It is equivalent to earning foreign exchange for the country, which is a good thing for the country and the people.

Thinking back to the mayor of Taiyuan, Geng Yanbo, if there was a great man with great talent and vision in Inner Mongolia, Inner Mongolia would be able to achieve economic overtaking in the future. The benefits brought by Bitcoin mining are far more cost-effective than digging a new coal mine. I hope this "gold mine" can start operation soon.

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