How will the US $15 billion electricity investment plan affect Bitcoin miners?

Question

【Crypto World】The United States has launched a major electricity infrastructure plan. The President, along with governors from several northeastern states, is pressuring PJM (the largest power grid operator in the US) to organize emergency electricity auctions. The plan is clear: tech companies will participate in bidding, sign 15-year long-term contracts, and invest approximately $15 billion in new power plants. What is the background? The demand for AI data centers has surged, leading to a spike in electricity costs, which puts pressure on the entire industry.

From the perspective of Bitcoin miners, this move is a potential positive—an increase in electricity supply and a decrease in electricity prices, directly reducing mining costs. But don’t be too optimistic; the 15-year contract cycle means that price declines will be a slow process. In the short term, miners will still have to endure high electricity prices. However, in the long run, this is a step toward addressing the energy cost issues associated with crypto mining.

OnchainArchaeologist · Accepted Answer

15-year contract? Sounds like we're going to have to wait until 2040 to breathe easily, hilarious

---

AI consumes so much electricity, but it actually gives miners a chance? This script is quite interesting

---

Spending 15 billion yuan can't change the current high electricity prices, miners have to survive now

---

Wait, is this a covert admission that both AI and mining can't afford electricity? The government's move is a bit interesting

---

Long-term optimistic, short-term still difficult, that's the story of miners

---

PJM is being held down and forced to discharge, wonder if there will be a black swan event later

---

Will this move in the Northeast force mining pools to move elsewhere?

GateUser-e19e9c10 · Answer

15-year contract? Haha, mining brothers still have to suffer a bit longer.

---

To be honest, those AI folks are really competing for electricity, and we miners have become the background.

---

Long-term benefits are long-term, but in the short term, we still have to look at the electricity bills and cry.

---

Spending 15 billion, can it really make our electricity cheaper? I'm a bit skeptical.

---

Now it's clear that AI and mining are competing for electricity.

---

Waiting 15 years? My mining rigs are already outdated haha.

---

The excuse of slow price reduction is just to listen to.

AirdropHunterKing · Answer

15-year contract? Bro, this is just a delaying tactic. Short-term miners still have to bleed heavily. My mining machines are almost unaffordable in electricity costs now, let alone any potential good news, I’d have to wait until 2040? If electricity prices really drop, I would have already made a fortune haha

PessimisticOracle · Answer

Same old trick, AI gets fed first before talking about miners, it's really ironic.

Pouring 15 billion over 15 years to see results? By then, the flowers will have withered.

Electricity prices have dropped, but contracts are locked in for 15 years, which is obvious who benefits.

Short-term good news? I think it's just short-term exploitation.

So now miners have to continue mining with blood and tears, right?

Is this what you call policy dividends? Feels more like a policy hammer.

Rather than waiting 15 years, it's better to relocate overseas now, really.

SchrodingersPaper · Answer

150 billion spent and still have to wait 15 years? We miners probably won't make it that long haha

---

Both good news and long-term, honestly right now it's just continuing to bleed losses

---

AI giants are抢电, and we Bitcoin miners have become the sacrificial lamb... This business is getting harder and harder

---

Wait, does the falling electricity price affect chip prices, or do we still have to keep cutting losses

---

15-year contract? Laughable, BTC prices might change next year

---

Regarding increased supply, it feels like we're about to be squeezed by other industries again...

---

Long-term good news but suppressed in the short term, a typical "pie in the sky" scenario

MetaverseVagabond · Answer

Will it take 15 years to lower electricity prices? Miners will have to suffer a bit longer again.

AI giants are competing for electricity, and we're just sharing the leftovers...

Where are the promised benefits? We're still paying high electricity prices.

Was the $15 billion spent by the US worth it? It depends on who gets the biggest slice.

With such long contracts, the market could change by then.

How will the US $15 billion electricity investment plan affect Bitcoin miners?

Trending Topics

GateTradFiExperience

ChineseMemecoinBoom

GateLaunchpadIMU

PrivacyCoinsDiverge

BitMineBoostsETHStaking

Hot Gate Fun

10u战神

10u战神

快播

快播

七龙珠/USTD

七龙珠

Bitcoin

Bitcoin

中本聪

中本聪

Pin