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Electricity gets generated and either consumed or wasted. Bitcoin eats excess available supply. What problems do you want to throw energy at that is economical
by coralreef 6y ago
Electricity gets generated and either consumed or wasted. Bitcoin eats excess available supply.
What problems do you want to throw energy at that is economically viable?
- TomSwirly 6y ago> Electricity gets generated and either consumed or wasted. Bitcoin eats excess available supply. :-o Is this... a joke? Your claim is that production exists, regardless of demand? That simply isn't the case.
- coralreef 6y agoA waterfall power-plant produces energy 24/7 whether the townspeople are awake or not. They consume energy in the form of electricity during the day. At night, they have no need for it shut off the turbines. This is unused and uncaptured energy that could have been put to use. The potential energy is "wasted" because the infrastructure is underutilized, the energy could not be preserved. This is starting to change as battery technology improves and makes it economically feasible to store energy. Otherwise, energy consuming applications could consume this supply, providing return to the townspeople's investment.
- maxerickson 6y agoSometimes they turn the waterfall up and down. https://en.wikipedia.org/wiki/International_Control_Dam https://en.wikipedia.org/wiki/International_Control_Dam And then most of the rest of the time, cheap, reliable power would get consumed by the grid.