News China's Mand Power Cuts Hit Local Semiconductor Sector

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Worse than expected, but for how long?.

China's Mand Power Cuts Hit Local Semiconductor Sector : Read more

 

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Part of the reason for China's power outages is that the price of coal has doubled since the last time the CCP negotiated [power] prices with private coal-fired power plants and those are now operating at a loss so their owners are limiting output to the minimum allowed until contracts expire to cut their losses.

It is estimated that crypto mining burns through upwards of 150TWh per year and 75% of all mining happened in China before heavy crack-downs started. Successfully eliminating all crypto would lighten the load on China's power grid by somewhere in the neighborhood of 13GW, enough to run about 100 large semiconductor fabs. China's share of crypto has dropped to about 50%, so there should still be as much as 9GW worth of crypto power left to reclaim.