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9pm - 6am sounds like prime Bitcoin crunching time. It was my understanding that the limiting factor, or rather the "cost" of mining bitcoints, ultimately come
by ryanmcgarvey 11y ago
9pm - 6am sounds like prime Bitcoin crunching time.
It was my understanding that the limiting factor, or rather the "cost" of mining bitcoints, ultimately comes down to power consumption. Effectively if $/kWh * kWh/bitcoint < bitcoint value, you can turn a profit.
- zachrose 11y agoIndeed. I wonder how long this can last before the surplus wind power is used up by bitcoin miners and residential aluminum smelters.
- sitkack 11y agoOr water purification. Why not just bank the power in batteries and feed it back during peak load?
- msandford 11y ago> Why not just bank the power in batteries and feed it back during peak load? What's the retail cost of electricity in Texas during the day, and what do you pay per kWh for your batteries: capital costs and ongoing costs? If you pay more per kWh for batteries than retail power prices then any consumer is a fool to engage in the battery scheme. And even if a consumer might be able to make money, the wholesale price is definitely lower than retail. I seem to remember calculating that batteries cost about $0.06/kWh all in in the last ~6mo but wholesale power in TX is more like $0.05 and retail it's usually below $0.12.
- peteretep 11y agoKiller app for the Tesla PowerWall, right there
- pjc50 11y agoresidential aluminum smelters This is not something you can sensibly do in a residential area. (There are a few people doing Al casting with induction furnaces, but that's not the same as electrolysis of bauxite)
- deleted 11y ago[deleted]
- ridgeguy 11y agoIn Texas, I guess every wind generator should come with a bitcoin miner that turns on whenever electrical load falls short of generated power. New revenue source for the utility!