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Would it make sense for crypto mining farms to be placed close to the source and pay for the wasted energy thus subsidizing the turbines? I often hear this theo
by Lucadg 7y ago
Would it make sense for crypto mining farms to be placed close to the source and pay for the wasted energy thus subsidizing the turbines?
I often hear this theory but I wonder wether the economics make sense.
- latchkey 7y agohttps://www.coinmint.io/data-centers/ https://www.coinmint.io/data-centers/ Not wind, but hydro and similar usecase. The Massena facility is in an old Alcoa aluminum smelter plant. Electricity comes from the nearby Moses-Saunders Power Dam. The smelter used to draw a consistent amount of power to keep the pots hot. Now, that the smelter shut down, coinmint is taking over and drawing a consistent rate of power using the miners. The consistent power draw is good for the equipment at the dam. Using the power closer to the source is also better than transmitting it elsewhere at a loss.