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On your aside, I'm amazed that smaller energy producers have not already become crypto miners. It would be so easy and incredibly lucrative. They could simply
by uncletammy 6y ago
On your aside, I'm amazed that smaller energy producers have not already become crypto miners. It would be so easy and incredibly lucrative. They could simply flip a switch any time the sale price of their generated power is less than the price of the coins their mining facilities could produce. They would get an instant profit increase. Almost all the costs associated with mining are fixed.
- ldbooth 6y agoYou are on point there - No one's got to it yet is the best explanation: YC?!? It's happening at the Utility scale with commercial miners, esp. with merchant (uncontracted) energy. Small producers (residential , commercial solar) just need an easy button solution without having to learn the crypto details. I don't know what that threshold kWh price is, but demistify that and one can define target markets across the US in one broad stroke with EIA utility pricing data. The formula in a prepackaged product with an app seems to be the only trick. Then get it in the hands of residential installers and boom. It'd probably sell like (can I say it on HN) liquid crack.