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> This electricity often can't be put to any other use anyway. This is false. If there is surplus electricity, prices would drop, and you could expand availabi
by altcognito 6y ago
> This electricity often can't be put to any other use anyway.
This is false. If there is surplus electricity, prices would drop, and you could expand availability. Government, especially the Chinese government is more than capable of shaping market demand.
Furthermore, you could displace existing coal based electrical demand in the country.
The value of currency comes from trust that you manage it well, not from the number of bombers.
- Miner49er 6y agoThere exists energy where it's not economically viable to put on a grid, or really do anything with. Many mine Bitcoin with this energy. Even in the United States. The cost of transporting it is more then the energy is worth.
- nickflood 6y agoIn Europe where I live, electricity costs 0.06 euro for generation and then 0.25 on top for transportation to me. So eve if the grid is vast, transport costs are vast as well.
- heidar 6y agoIceland definitely has surplus energy. There's been ideas to lay a cables to mainland Europe to export it since it's going to waste at the moment.