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Mining Services Contract AMPLA Energy and Ampla Form

Mining Services Contract AMPLA Energy and Ampla Form

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[AUDIENCE] I want to ask you about the energy consumption in mining. [ANDREAS] Yes? [AUDIENCE] What is the solution for it? [ANDREAS] Well, energy consumption in mining is -- I think -- misrepresented very often in two ways. [Cryptocurrency] mining is one of the few industries that is completely geographically independent, meaning that it doesn't matter where you are if you are mining, as long as you have inexpensive electricity. What that allows you to do, is choose the location of your mining system based entirely on the local cost of electricity, which means that mining is doing market arbitrage for the cheapest sources of electricity. In many cases, the reason the source of electricity is cheap, is because it does not match the demand at that location, [especially] in countries where there aren't broadly deployed, efficient distribution networks for electricity. One of the challenges with rapidly deploying and developing energy, is that you build a power plant not for the deman

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