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No, electricity cannot be efficiently transferred over large distances or where there are no power lines with enough capacity. In certain places unused electric
by lightgreen 6y ago
No, electricity cannot be efficiently transferred over large distances or where there are no power lines with enough capacity. In certain places unused electricity is just lost.
- Dma54rhs 6y agoAt certain places they need to find someone to use the excess, that is why we even see on exchanges price for electricity going negative.
- cbzbc 6y agoIf you are generating electricity in places where it cannot be used then you are causing needless damage to the environment and you should certainly stop doing that. The idea that the majority of the energy used for bitcoin is generated in such places has no real basis in fact.
- lightgreen 6y agoIf you don't generate power and hydro power plant, you just overflow it, there is no damage in consuming this electricity. If sun is shining, and you don't generate solar electricity, if you heat it, and that's it, there's no damage taking solar electricity. And so on. > The idea that the majority of the energy used for bitcoin is generated in such places has no real basis in fact. It is based on fact. For example: "In so doing, the CoinShares team found that bitcoin miners were using a disproportionate share of renewables." https://www.vox.com/2019/6/18/18642645/bitcoin-energy-price-renewable-china https://www.vox.com/2019/6/18/18642645/bitcoin-energy-price-... But the original idea that bitcoin is a gigantic CO2 disaster is definitely not based on facts.
- cbzbc 6y ago> If sun is shining, and you don't generate solar electricity, if you heat it, and that's it, there's no damage taking solar electricity. Don't use solar panels where the electricity from them can't be fully utilised, they have an environmental cost to build.