Bitmain could produce and run all the bitcoin miners for themselves, but starting as a "startup" they need to raise funds to scale, hence selling to 3rd parties...
even to date after scaling to millions of units sold
I love the irony of you checking them out for more information in response to a comment of them being worried about who reads their data. Nothing wrong with it, just make me chuckle
There's something about circles of control in this, that makes the difference. If I publish information about myself, that's about me, and it's in my control.
If someone else shares information about me, without my consent, and someone uses that to nose in on me, that feels creepy and problematic.
If you find that concerning, I recommend asking Claude or Codex to analyze all your HN comments and build a profile of you (I recommend that to everyone, not trying to single you out btw.) It takes about 20 minutes. It was eye opening and somewhat unsettling how accurate it was when I ran it on my own data. Even worse, there’s NO way to delete your old HN comments.
Well at the risk of flouting HN guidelines, I went to Grok and did exactly that. Grok's profiling seems thoroughly fact-based, and doesn't pull any punches.
> The Texas Interconnection is tied to the Eastern Interconnection with a 220 MW DC tie near Oklaunion, and a 600 MW DC tie near Monticello, and is tied to NERC (North American Electric Reliability Corporation) systems in Mexico with a 300 MW DC tie near McAllen, and a 100 MW VFT tie near Laredo.[29] There is one AC tie switch in Dayton, Texas
Including in-flight projects, that totals several GW. Texas demand today is pretty low for noon - clouds and rain in much of the state, and we're at 70 GW.
Building interconnects costs money. What's the ROI on building more?
Positive ROI becomes present if Texas has large amounts of nondispatchable power and the neighboring areas do not have the same. So if Texas builds more wind and solar than they can consume themselves, then it makes sense to invest in more interconnection capacity. But that's predicted on excessive production first.
Finally, let's just say they built 70 GW of interconnection, because you seen to think that number is important. Do you think Louisiana and Arkansas have that much generation and transmission capacity themselves? Let alone EXCESS?
Washington and Oregon are on the same grid, with about peak generation of 31 GW and 18 GW, yet only about 7 GW of transfer capacity exists, and it's only that high because of sales to California because of seasonal hydroelectric oversupply, an oversupply which doesn't exist in Texas, Arkansas, or Louisiana.
Significantly higher interconnection capacity does not yet make financial sense. They're right to not yet waste money on them.
I haven't been arguing for or against anything, and I don't think the original thread creator was, either.
The comment from @piltdownman merely clarified that Texas is for the most part an isolated grid. That if demand matches predictions from our state regulator, Texas needs to continue massively increasing energy supply.
Let's say I bought a 100-ounce gold bar in 1965, when gold was $35/oz, for a total price of $3500. Let's say I sold it today at $4700/oz, for a total price of $470,000. That gives me a gain of $466,500.
And let's say that I regret it. I decide that I really want to hold some gold, so I take the $470,000 and buy another 100-ounce gold bar.
The situation was that I had a gold bar worth $470,000 with a taxable basis of $3500. Now the situation is that I have a gold bar worth $470,000 with a taxable basis of $470,000, and I owe the IRS taxes on $466,500 of capital gains.
TL;DR: Selling and re-buying the same asset gives you the accumulated gains, and resets the price basis.
They had gold worth X to the market but X minus 11 billion on paper. So when France accounted for its gold in euro terms they would say they have X minus 11 billion Euros worth of gold.
Now they still have the same amount of gold but they "realized" a gain of 11 billion. They don't have that much cash left after the repurchase but now they say they have X Euros worth of gold which is 11 billion more than before.
So no they didn't make a profit from this as gold is higher on both sides of the Atlantic than last time they did their accounting updates.
> majority of population of any given country doesn't emigrate ever, even inside EU where it would be extremely easy
Because unlike the US, we don't speak the same language. If there would have been a real push to have a common EU language since its inception, we would have been more mobile and more US like. But no...
Yes, they might, but in practice and with the exception of multinational corporations and some start-ups, everyone speaks their own language. And it's all fun and games that you can speak english in restaurants, cafes, train stations and the like, and then when you want to find a job in an EU country you get hit with "do you speak our language? no? ah, we're sorry then."
There's a big difference between being a tourist in Europe and actually living here.
Well, if you insist on not learning a non-English European language, last time I checked Ireland was still in the EU and they speak English.
But honestly, I'm not sure what the problem is. As previously mentioned by other people on this discussion, vast swathes of Eastern Europeans live and work in the West and have had no trouble whatsoever picking up the local language. As they say, the best way to learn a language is by immersion.
Most Europeans will have gone to a school where they typically learnt a minimum of one extra language and often two extra languages.
With the exception of Finnish, the majority of Western European languages are not that difficult. Its not like Chinese or Japanese which are simply impenetrable unless you went to school there or you are super-smart and managed to pick it up in later life through sheer brain power.
Common language works for employment and business, but then you go to government bureau (or want to fill government form) and they will insist on official language.
That is why english as secondary official language would be beneficial.
But evidence shows that they do emigrate in mass when there's a reason, it's one of the core issues of the last decade and the reason why fascists gained power all over the world. If fact its the reason why masked people in USA are hunting down immigrants.
Its also factual that there's a large scale migration intra-EU, with people from poorer countries moving to rich ones to seek jobs. Bulgaria, Romania and Poland are prime examples for that.
Its also well documented that those same people stop migrating and even coming back once their counties level up with the rest of the EU, again Poland and Bulgaria are good examples for this in the last years.
EU is trying to make sure that the poorer countries receive the help they need to catch up and it looks like its working.
> But evidence shows that they do emigrate in mass when there's a reason
If you go to the CNN website there are lots of articles on there right now (e.g. https://edition.cnn.com/travel/us-woman-moved-to-germany) about US peeps who have emigrated to Europe recently and are thoroughly enjoying their new life with no plans to return to the motherland in the foreseeable future.
even to date after scaling to millions of units sold
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