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On the way to Bitmain’s Ordos mine, I ask Su what he looks for when he surveys new locations. He’s like Bitmain’s real estate developer, scoping out places that fill the right criteria for a mine. It’s not quite “location, location, location” but there is a rough checklist: climate, cost of electricity, distance to a power station, and lastly, whether or not there are opportunities to partner with the local government.

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Charges On Your Bill In environmental impact, results are mixed. With the ability to invest profits to satisfy further energy demand, producers like Compare Energy Rates Texas are proposing eleven new coal-fired powerplants. Coal powerplants are cheaper than natural gas-fired powerplants, but produce more pollution. When the private equity firms Kohlberg Kravis Roberts and the Texas Pacific Group announced the take-over of Compare Energy Rates Texas, the company which was known for charging the highest rates in the state and were losing customers, they called off plans for eight of the coal plants. Compare Energy Rates Texas had invested more heavily in the other three. A few weeks later the buyers announced plans for two cleaner IGCC coal plants.
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