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This sounds like an opportunity for collaboration between crypto miners and the wind people.
by NullPrefix 9y ago
This sounds like an opportunity for collaboration between crypto miners and the wind people.
- mhb 9y agoAnd maybe it can be mediated by fungible electricity transmitted over a grid of conductive wires. Or an electricity market.
- NullPrefix 9y agoWhat I've meant was mining on the wind mills themselves. So there would be no need of passing through the grid.
- emiliobumachar 9y agoI heard that crypto mining hardware has to have decent-ish (80-90%) uptime to be profitable. That would make it infeasible to have it on standby waiting for excess energy on the grid.
- ccozan 9y agoAfter the windmill is paid off, the mining is then practically ( some maintenance will be needed ) for free.
- NullPrefix 9y agoIsn't the number 80-90% based on electricity price?
- emiliobumachar 9y agoI'm afraid I have no idea. I vaguely remember reading about it, do not remember where.
- imtringued 9y agoElectricity prices matter but lower prices give diminishing returns. Going from $0.20 per kWh $0.05 to per kWh only increases profits by 50% http://whattomine.com/coins/151-eth-ethash?utf8=%E2%9C%93&hr=27.9&p=115.0&fee=0.0&cost=0.05&hcost=300.0&commit=Calculate http://whattomine.com/coins/151-eth-ethash?utf8=%E2%9C%93&hr... vs http://whattomine.com/coins/151-eth-ethash?utf8=%E2%9C%93&hr=27.9&p=115.0&fee=0.0&cost=0.05&hcost=300.0&commit=Calculate http://whattomine.com/coins/151-eth-ethash?utf8=%E2%9C%93&hr... and going from 0.05 to -0.05 only increases it by 20% http://whattomine.com/coins/151-eth-ethash?utf8=%E2%9C%93&hr=27.9&p=115.0&fee=0.0&cost=-0.05&hcost=300.0&commit=Calculate http://whattomine.com/coins/151-eth-ethash?utf8=%E2%9C%93&hr... By the way, these mining calculators are very "optimistic" but for relative comparisons they are sufficient. In practice you will get significantly less because of increasing difficulty and hidden costs like motherboards, CPUs, etc.
- mhb 9y agoI know. And there's really no difference between colocating mining hardware on wind turbines and just mining using the lower cost electricity which will be on the grid thanks to the turbines. Except the inconvenience of the colocating.