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Electricity prices are going up nearly everywhere. Bitcoin and AI are a wealth transfer from everyone to the crypto/AI folks.

Wholesale electricity costs as much as 267% more than it did five years ago in areas near data centers. That's being passed on to customers: https://www.bloomberg.com/graphics/2025-ai-data-centers-elec...



That doesn't make any sense. Bitcoin miners get wealth from people buying Bitcoin, not from electricity customers. Same for AI. It's a wealth transfer from electricity customers to electricity producers if anything.

Most likely most of the increase is just temporary though. Electricity supply will increase to meet the sudden and unpredictable increase in demand.




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