RE: The crypto market lately
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Well, I think it's just because the power grid isn't strong enough. Texas saw that the expected power consumption would be 6 times higher than their peak usage and put their foot down. Other states are also doing similar things because of the backlash from people and the energy consumption.
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Well AI is a lot of money and currently the proposed trillion dollar industry, so a lot of individuals and firms wants to get their hands on it, so they can milk the money from it.