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If people are this serious, why don't they just set up their mining operation next door to the factory?

I imagine the factories are where they are in part because land and power is cheap?

Mining happens where power is cheapest; often near hydropower in agricultural china. Factories are usually in places with good shipping links.

Is electricity there really cheaper than places like Iceland? Aluminium smelters in Iceland tend to get contracts around $3c/kwh, other large clients should be able to get the same.

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